108 CEDAR Avenue
About This Property
*REDUCED by $50,000! **BEST VALUE at BEACH! **DO NOT MISS** Incredible opportunity to live blocks from the beach & the intracoastal in this beautiful 07 custom built home. INCREDIBLE VIEWS-AMAZING LOCATION! WALK TO BEACH/SHOPPING! Take in breathtaking views from the heated 3rd story of the serene INTRACOASTAL WATERWAY, VILANO BRIDGE, HISTORIC DOWNTOWN ST. AUGUSTINE, & ATLANTIC OCEAN! This is a rare 5 bed/3.5 bath home w/ all the modern upgrades you expect! This move-in ready home has an awesome open flow! The kitchen is FIRST CLASS with tile floors, exquisite granite counters, massive food prep/eat in island & custom cabinetry! Original PROUD owner built the home himself for his dream & the home has been well maintained.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Apr 14, 2025 | Listed | $1,275,000 | |
| Listed | |||
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Welcome to 108 Cedar Street — the ultimate beach retreat and a proven income-producing property located in the heart of Vilano Beach. Positioned just steps from the sand and situated high and dry in Flood Zone X, this fully furnished, turn-key home offers the perfect blend of coastal lifestyle and investment opportunity. Featuring 5 bedrooms, 3 full baths, 2 half baths, a private pool, and over 3,400 sqft of thoughtfully designed living space, this home truly checks every box. The flexible floor plan, stylish high-end furnishings, and quality finishes throughout make this property a rare find and an exceptional value in today's market. This is an investor's dream, with an impressive rental history averaging over $220,000 per year in gross income for the past three years. With $124,000 already booked for the current year and projections in line with previous years, 108 Cedar Street offers immediate cash flow and long-term upside. The third-floor living space provides peekaboo views of the Intracoastal Waterway, Vilano Bridge, and Atlantic Ocean. Outdoor living is at its finest with a spacious heated pool area, and breezy coastal vibes throughout. Perfectly positioned within walking distance to Publix, local restaurants, and just minutes from historic downtown St. Augustine, this home offers the best of beachside living with convenience at your fingertips. Whether you're searching for a full-time residence, a second home getaway, or a fully turn-key investment property. 108 Cedar Street delivers on every level. Opportunities like this are rare, schedule your private showing today and experience why this Vilano Beach home is truly special.
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| Jul 29, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | Listed by KELLER WILLIAMS JACKSONVILLE | $825,000 | |
| Listed by KELLER WILLIAMS JACKSONVILLE | |||
| Nov 19, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017