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SEE VIDEO under 'Facts & Features -Virtual Tour'. Welcome to Coastal Living at Its Finest on St. Augustine Beach's Prestigious ''Golden Mile'' *** Rare STR Investor Alert*** This home is perfect for someone looking to live in one part of the property (perhaps the first floor) and rent out the other half (second floor) as a short-term rental. By occupying part of this home, you could also benefit from Florida's Homestead Exemption and no state income taxes—ideal for those looking for a great place to live while generating rental income.
This stunning 5-bedroom, 4-bathroom home offers over 2, 600 square feet of living space spread across two stories built with durable concrete block construction with ocean views and over 1, 900 square feet of deck space—ideal for soaking in the sea breeze. Recently upgraded and turn-key (fully furnished), this property also features a commercially zoned status, allowing for short-term rentals, making it an exceptional investment opportunity. See the ''Updates'' document in the documents tab for a list of details regarding recent updates/repairs, totaling over $130, 000.
Located just steps from the beach, this home epitomizes beach living. With ease of accessibility, a convenient wooden walkway at the end of 3rd Street takes you directly over the dunes and onto the beach, offering a seamless transition from your doorstep to the shore.
Step inside to find a flexible layout that could easily be utilized as two separate units. The first floor features a recently updated kitchen, a luxurious owner's suite, and a guest bedroom with a private bath. Enjoy ample storage and access to a two-car garage. Step outside to the private deck with an outdoor shower, surrounded by fragrant jasmine vines, perfect for entertaining, grilling, or simply unwinding.
The second floor boasts a modern kitchen with stainless steel appliances and a comfortable living room with cathedral ceilings and skylights. Choose from one of the three spacious bedrooms, or take in breathtaking ocean views and sunsets from the rooftop deck.
Please Note: The 5th bedroom is non-conforming, and showing availability is subject to current vacation rentals.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $1,371,200 | $1,371,200 | $1,371,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $1,965 | $1,965 | $1,965 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,332 | $8,780 | $11,851 |
Total Monthly Payment | $10,422 | $10,870 | $13,941 |
* 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.