Great investment opportunity in North Saint Augustine, FL. Side by side duplex! Duplex is vacant and ready to go. Unit A (North) has 2 full bedrooms, 1 addition room without a closet and 1 updated bathroom. Unit B (South) has 3 full bedrooms with 1 bathroom. Unit A has butcher block kitchen counters and updated cabinetry. Also offers updated step in tiled shower & solid surface counters in the bathroom. Spanish tile in all wet areas of unit B as well as solid cabinetry with eat-in kitchen countertop. Large lot shared between Unit A & B with plenty of parking and room for boats, RV and any other outdoor toys. No HOA. Roof 2017, Septic pumped & good check-up 2023. Duplex is not in a flood zone (Flood zone X). Each unit has an adorable open front porch with room for your rocking chair and separate steps.
SEE VIDEO under 'Facts & Features' & 'Virtual Tour'. Welcome to ''Castillo del Sol''- A Unique Duplex Retreat with Unmatched Potential. With two fully renovated units, each offering 2 master bedrooms, a living room, and a well-appointed kitchen, this property invites you to embrace beachside living. It's being sold fully furnished, making it a turnkey solution for those seeking a dreamy getaway or a lucrative investment opportunity. Take your lifestyle to new heights as you step onto the sprawling rooftop deck, which spans over 1,000 sq ft, and immerse yourself in the awe-inspiring beauty of the ocean. Equipped with a pergola and a bathroom, this space is designed for unforgettable sunsets and elegant entertaining. ''Castillo del Sol'' is brimming with modern amenities, including a newer roof, HVA system, plumbing, and hurricane windows and sliders. The property's outdoor space is a haven for relaxation and recreation, featuring a putting green and lush landscaping. New patio lighting and improved staircase lighting enhance the ambiance. With dehumidification units on each floor, comfort is paramount. This duplex boasts a projected income potential of $110,000 to $130,000 per year, making it an attractive investment opportunity. For those with grand visions, you have the option to expand your earnings by purchasing the adjoining vacant lot at 5331 Atlantic View , spanning 4,800 sq ft at a combined price of $1,999,000. (See MLS # 1253167). Situated at an elevation of approximately 26 feet above sea level, this lot opens doors to endless possibilities. Whether you seek an income-generating gem or a private beachside haven, this duplex offers the perfect canvas for your dreams. Don't miss your chance to experience coastal living at its finest!
Attention All AVID Airbnb Investors! Come and DOUBLE UP your earnings!! Currently average bookings around 50%-60% and room to hit 75%-100% bookings! Numbers below are after booking & Management Fees. -Just getting started in Sept. 2022 to Dec. 2022 earnings = $24k. -Jan. 2023 to Dec. 2023 earnings = $70k. (3 times more than what was earned in 2022.) -Jan. 2024 to Aug. 2024, earnings = $60k, with bookings through Dec. 2024 estimating an additional $23k. Putting 2024 currently at roughly $83k with more bookings happening daily. (This is 1.185 times more earned than 2023.) -Based on averages we anticipate an additional $7k-$10k of income booked through the end of this year. Putting the annual income close to $95k-$100k.(about 1.428 times more than 2023.) -Future bookings for 2025 are sitting at roughly 11k with about 39 days booked. Increase your bookings to 75% projects $149k annually, and 100% booked at $199k. (Based on averages ran) *Ask for updated numbers. This pre-1900's (1860s) fully furnished turnkey property is located in the heart of our Nation's First and Oldest cities, St. Augustine's historic district and is truly one of a kind! Spending close to half a million dollars, the owner meticulously, lovingly and carefully restored this property, while maintaining its historic charm. You can own this piece of history with peace of mind that as much attention went into the aesthetic as went into the underlying structural integrity. You aren't just getting a property with some minor updates, you are getting a true internally completed restoration & renovation. The renovation includes all new plumbing, all new electrical, all new appliances, new on demand water heaters, a total scrape, repair and exterior paint job , new interior paint, structural inspection and rejuvenation where needed, no cost was spared, owner had intended on owning for the foreseeable future. The total restoration costs for this historical gem were upwards of half a million dollars. (Check out the docs tab for arch plans and more.) The area of Cuna and Spanish Streets just underwent a lengthy beautification process where we are now just next door to the most lovely walking district in all of downtown, quiet, beautiful and still in the middle of it all. The installation not only focused on the aesthetic but greatly improved the infrastructure with new sewer and water lines, a greatly improved drainage system and beautiful streetings and red brick streets. A great area to own downtown, safe and inviting. Currently an active airbnb with prime access to all of what downtown St. Augustine has to offer! Leave it as an airbnb, perfect for large groups of up to twelve, convert to a long term rental, student housing, pad split, commercial retail business or more! With commercial zoning, your possibilities are only limited by your imagination! This property and its amazing history will live on for years to come, with the recent renovations it will stand for another 170 plus years! Owning such a beautiful relic in your portfolio is certainly something to be proud of and one piece of real estate you will NOT regret owning! Schedule your private tour now!
The median home value in Saint Augustine, FL is $475,000. This is higher than the county median home value of $313,100. The national median home value is $219,700. The average price of homes sold in Saint Augustine, FL is $475,000. Approximately 47.71% of Saint Augustine homes are owned, compared to 33.4% rented, while 18.89% are vacant. Saint Augustine real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Augustine real estate agent to arrange a tour today!
Saint Augustine, Florida has a population of 104,536. Saint Augustine is less family-centric than the surrounding county with 28.86% of the households containing married families with children. The county average for households married with children is 33.67%.
The median household income in Saint Augustine, Florida is $64,163. The median household income for the surrounding county is $73,640 compared to the national median of $57,652. The median age of people living in Saint Augustine is 42.7 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 45.28 degrees. The average rainfall is approximately 50.45 inches per year, with 0 inches of snow per year.