1599 TIMBER TRACE Drive
About This Property
From the moment you step inside, you'll appreciate the warm, inviting feel created by rich wood flooring that flows throughout the living areas and bedrooms. The thoughtfully designed floor plan features a formal dining room perfect for hosting holiday gatherings and special occasions, along with a separate office or flex space ideal for working from home, a playroom, or hobby area.
At the heart of the home is the bright eat-in kitchen, where brand-new appliances, generous cabinet space, and room for casual dining make meal prep and family time a breeze. Just beyond, the main living area opens seamlessly to one of the home's most impressive features--an expansive 27' x 16' screened porch that truly extends your living space outdoors. With plenty of room for dining, lounging, grilling, and entertaining, this oversized porch is the perfect place to enjoy Florida's beautiful weather year-round.
The private primary suite offers a relaxing retreat with a spacious en-suite bathroom featuring a large garden tub, separate walk-in shower, and ample room to create your own spa-like escape. Three additional bedrooms provide flexibility for family, guests, or additional workspace. Washer and dryer convey for added convenience.
Located just minutes from the St. Augustine Outlet Malls, World Golf Village, dining, golf, and easy access to I-95, this property combines location, value, and lifestyle. With low HOA fees and no CDD fee, this is an exceptional opportunity to own a move-in-ready home in one of St. Augustine's most desirable communities.
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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%.
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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. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017