1625 MASTERS DRIVE
About This Property
Located on a corner lot just 10 minutes from Downtown and the Historic District of St. Augustine, this property offers space, flexibility, and endless potential.
Featuring a total of 5 bedrooms and 3 bathrooms, this spacious 1,973-square-foot home includes a "mother-in-law" style apartment with a private entrance, kitchenette, two bathrooms, and its own garage - ideal for extended family, guests, or generating additional income.
The main home features 3 bedrooms and 2 bathrooms, offering comfort and functionality for everyday living. The property is move-in ready, inviting you to use your imagination to transform it into your own home paradise.
Set on a generous corner lot surrounded by majestic mature trees, this home combines privacy, character, and freedom - with no HOA restrictions, giving you room for your boat, RV, or outdoor toys.
Whether you're seeking a family home, a short- or long-term rental investment, or your next renovation project, this home is a unique opportunity in an unbeatable location, close to restaurants, shopping, and major highways.
Seller is motivated and open to reasonable offers - don't miss your chance to make this St. Augustine gem yours!
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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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Listed by NAIM REAL ESTATE LLC | $299,000 | |
| Listed by NAIM REAL ESTATE LLC | |||
| Sep 8, 2025 | Price Decreased |
$311,000
↓ $38K
(10.9%) | |
| Price Decreased | |||
| May 29, 2025 | Price Decreased |
$349,000
↓ $9K
(2.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017