Welcome investors! Discover your enchanting modern castle in the heart of downtown St. Augustine - a prime investment opportunity or make this your own private residence! This beautifully modernized home seamlessly blends historic charm with contemporary luxury, featuring 7 spacious bedrooms, 6 full baths, and 2 half baths. Already a thriving short-term rental with top-notch management in place, this property promises excellent returns. Situated less than a block from San Marco Avenue and next to Ripley's Believe It or Not Museum, this home offers unparalleled convenience. Guests can enjoy their morning coffee on the charming patio, basking in the serene surroundings. The location is perfect for hosting micro-events and wedding groups, with numerous venues nearby. The custom-designed kitchen, living, and dining areas, along with each of the 7 bedrooms, are thoughtfully curated to combine colonial elegance with modern comfort. Evenings are magical by the propane fire pit, under twinkling string lights, creating a captivating garden ambiance. Six bedrooms are in the main house, while the seventh is in an attached auxiliary dwelling unit with an ensuite bath. This property provides the best of St. Augustine, perfectly situated between downtown and uptown, and just a short drive to Vilano Beach and US Highway 1. With CL-2 zoning there is no minimum nightly rentals which is very favorable. It offers quick access to shopping, dining, and all the city's attractions. Don't miss this opportunity to invest in a home that epitomizes historic charm and contemporary luxury! Call your Realtor to set up a showing right away!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,975,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $1,448 | $1,448 | $1,448 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,728 | $9,728 | $13,333 |
Total Monthly Payment | $11,301 | $11,301 | $14,906 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.