Water views and a finished split-level basement in Lighthouse Park! Enjoy views of Salt Run and Anastasia State Park from one of the highest elevations in St Augustine - NOT in a flood zone. Just steps to launch your kayak or SUP, and practically back the boat right into Salt Run! This incredibly unique home is built on a coquina rock bed in the shadow of St Augustine's treasured lighthouse. You must see this century-old gem in person to truly appreciate the character and beauty it holds. The home's unique construction of concrete block and coquina stone provide a solid foundation that has stood the test of time. The sprawling interior spans an impressive square footage, featuring beautiful hardwood floors and tile throughout. The home has been updated substantially over the years, including new electrical, a full repipe, newer kitchens and baths, and new vinyl windows throughout. Home also offers a water softener system and automatic whole-house generator with propane storage tank Configured for versatility, the main level hosts a large foyer, living room with fireplace, dining room, full kitchen with breakfast bar, additional living or flex space, two well-appointed bedrooms, including one with an en-suite bathroom, a second bathroom, and sizable laundry room. The lower level reveals a treasure trove of potential, currently sectioned into two separate efficiency apartments. There is also an impressive shared laundry/utility/storage room on this level. Each downstairs efficiency unit offers a separate living area, kitchenette, full bathroom, exterior windows throughout, and private walkout to the fenced-in backyard with gate to the front of the home. Whether seeking income opportunities through short-term rentals or desiring a private retreat for guests, the possibilities are abundant. Step outside to a sanctuary designed for relaxation, where a hot tub awaits on the pavered patio, promising tranquil moments under the shade of the oak canopy while enjoying the calming sounds of the marina. This is truly the St Augustine life, within just a few steps of Lighthouse Park and Boat Ramp, the St Augustine Yacht Club, the Lighthouse itself, and RB Hunt Elementary. Also just a short walk or leisurely bike ride away is Anastasia State Park and Anastasia Beach, local shops and restaurants, the St Augustine Amphitheater, the Alligator Farm, and the Bridge of Lions leading into historic downtown St Augustine. Embrace the chance to become the steward of this historic treasure, where the promise of an exclusive island lifestyle or incredible income potential awaits. Short term rental revenue projections available upon request. Book your private showing today and discover what life can be like in Lighthouse Park.
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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 | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $437 | $437 | $437 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,405 | $4,405 | $6,010 |
Total Monthly Payment | $4,934 | $4,934 | $6,539 |
* 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.