133 PELICAN Road
About This Property
The main house features three bedrooms and two bathrooms in a spacious and thoughtfully designed split floor plan. Upon entering, you are welcomed by a grand entry foyer that opens up to an expansive kitchen built for both entertaining and everyday living. The kitchen boasts ample island space, a floating center island, stainless steel appliances, a gas cooktop, and a true vented range hood. The home includes both a family room and a separate living room, providing plenty of space for relaxing or hosting guests. The primary bedroom is privately located away from the other bedrooms and features a walk-in closet and a beautifully appointed en-suite with a walk-in shower. One of the standout features of the main home is its flexibility. A hallway door can be locked to create a completely separate two-bedroom, one-bathroom suite, ideal for multi-generational living, guests, or even rental potential. The exterior offers a spacious back patio with a full deck, perfect for entertaining or enjoying quiet evenings outdoors. Additional highlights include a metal roof, great curb appeal, a private driveway, and two dedicated front parking spaces for guests.
The guest house (ADU) adds tremendous value and versatility. It features a full kitchen on the first floor with all appliances conveying, and upstairs you'll find a massive open-concept bedroom and living area with a stunning bathroom and walk-in shower. This unit is connected to the main home via a partially converted mini garage space currently serving as a large storage closet. Whether you choose to host guests, rent it short-term, or use it as a private office or studio, the possibilities are endless. This property is a rare find in South St. Augustine, live in the main home while generating income from the guest house, or take advantage of the flexible layout for multiple living arrangements. South St. Augustine backs up to the ICW. Don't miss your chance to own this truly unique home!
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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.
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About St. Augustine South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017