2 FLORIDA Avenue
About This Property
Step into Florida life in the Oldest City at 2 Florida Avenue. This 1945 cottage is tucked away in a quiet neighborhood near the banks of the San Sebastian River, yet only steps away from Historic Downtown St. Augustine and the vibrant West King District. Fully renovated and impeccably maintained, pride of ownership shines through in this immaculate urban bungalow.
As you approach, you'll be greeted by the picturesque setting, complete with a white picket fence and decorative vintage iron work and gate. Positioned on a gracious corner lot, this property boasts a lush landscape design that will delight avid gardeners and arborists. The enchanting grounds feature a spacious gazebo offering views of the San Sebastian River and a lush butterfly garden.
This cottage has been thoughtfully renovated inside and out with major updates such as the roof, windows, water heater, plumbing, and electrical systems. The interior design features wood-toned flooring, shiplap accents, new shaker-style soft-close cabinets, built-in pantry, and granite countertops. The kitchen showcases a custom sweetgum coffee bar and a striking Italian ceramic backsplash.
The exterior of the home has been restored to its original condition, featuring wood Dutch clad siding, a visual testament to its historic charm. Under a hammock of majestic live oaks and magnolias, the outdoor space is perfect for entertaining with plenty of room for a pool. The butterfly garden features a collection of indigenous flora including weeping bottle brush, red maple, candelabra cassia, Florida flame, mimosas, angel trumpets, azalea, autograph plants, stag horns and hibiscus.
With an oversized driveway, tailor-made cattle gate, 30-amp electric and water hookups, there's plenty of room for recreational vehicles. The property also features a new extra large 12'x24' insulated shed with electricity and lighting, perfect for your storage and workshop needs.
Located close to Historic Downtown St. Augustine and local West Augustine favorites like Buena Onda, Bog Brewery, The West Egg, The Local Refillery, Serenity Yoga and the coming-soon new location of The Blue Hen, this bungalow is the perfect opportunity to create your new life in St. Augustine.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 14, 2023 | Sold | ||
| Sold | |||
| Oct 27, 2023 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $449,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Jan 29, 2020 | Sold | ||
| Sold | |||
| Nov 22, 2019 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $269,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Oct 25, 2017 | Listed by DAVIDSON REALTY, INC. | $278,000 | |
| Listed by DAVIDSON REALTY, INC. | |||
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NEW PRICE!! Welcome to historic Palm Cottage, the best of both worlds. This home built in 1945 maintains its exterior charm and also has enjoyed a superb, top down interior renovation with all modern features and fixtures. (see attached list of extensive improvements). The photos too tell a great story and a visit will seal the deal. Bright, beautiful and welcoming! The big back yard has plenty of room to relax, for pets to run and lots of space for a pool. Brand new shed will hold all your toys…motorcycle, bikes, surfboards, fishing poles, etc. Ten min. to Vilano and Anastasia beaches and the famous lighthouse, or bicycle to downtown shops, restaurants, area attractions like Nights of Lights, the fort, theater, even a romantic horse and carriage ride, all of St. Augustine/s best! best!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017