161 RIO DEL NORTE Road
About This Property
Homes in this enclave are part of Palencia and enjoy world class amenities - pools, parks, fitness and a variety of areas to enjoy the outdoors with biking, running and walking throughout.
You'll love the coastal lifestyle in this turnkey home!
Frehly painted interior.
Seller upgraded all interior doors, knobs and hinges as well as light switches throughout.
Elegant hardwood floors in living areas and owner's suite, upgraded carpet in all bedrooms.
Screened-in lanai w/summer kitchen & seller extended outdoor living with large pavered patio outside the lanai.
Owner's suite and bedrooms 2 and 3 situated on the 1st floor.
Hard to find true "guest suite" on first floor with bedroom, bath and adjoining den area w/its own kitchenette! Countertop w/sink, cabinets, microwave and refrigerator.
The 2nd floor is also awesome an awesome space for family and guests and features a bedroom, bath and bonus room. Tons of space for everyone to spread out and use these spaces as best suited for your lifestyle!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | No longer available | - | |
| No longer available | |||
| Jul 21, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 1, 2024 | Listed by BLACKSTONE REAL ESTATE | $1,650,000 | |
| Listed by BLACKSTONE REAL ESTATE | |||
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Nestled within the prestigious Palencia community, this meticulously crafted residence invites you to experience the epitome of Florida living. With impeccable attention to detail with over $600K in documented renovations, this home seamlessly combines elegance with modern functionality. This exquisite home offers the perfect blend of luxury, comfort, and outdoor paradise, boasting a stunning resort-style pool that beckons you to unwind in style. Surrounded by lush landscaping overlooking the Intracoastal Waterway, the pool area is a true haven for enjoying sunny Florida days or hosting memorable gatherings with friends and family. Inside the home you will discover a thoughtfully designed floor plan featuring 5 bedrooms and 4 bathrooms. The primary suite offers a serene escape, with sliders that open to your screened outdoor oasis. The open-concept living areas seamlessly connect the kitchen, dining, and living spaces, creating an ideal flow for daily living and entertaining. The gourmet kitchen is a chef's delight, equipped with Thermidor appliances, custom cabinetry, and a spacious island perfect for culinary creations. Whether you're preparing a casual breakfast or hosting a gourmet dinner party, this kitchen is a focal point for culinary enthusiasts. Beyond the pool area, discover additional outdoor living spaces, including a covered patio with a fireplace, providing the ideal setting for al fresco dining, morning sunrises for your coffee, or sunset cocktails. The property includes a 3-car garage, ensuring ample space for vehicles and storage. Additional parking spaces are available in the large driveway for guests. As part of the Palencia community, residents enjoy access to a wealth of amenities, including a championship golf course, fitness center, parks, and countless walking trails. The vibrant community atmosphere adds to the overall appeal of this exceptional property. Conveniently located in St. Augustine, you'll have easy access to the charming historic district, beautiful beaches, and top-notch dining and shopping options. Don't miss the opportunity to make this Palencia gem your home! Immerse yourself in luxury, embrace the Florida lifestyle, and create lasting memories in this unparalleled residence with a captivating pool. Schedule your private tour today!
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| Dec 1, 2022 | Sold | ||
| Sold | |||
| Sep 28, 2022 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,046,325 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017