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2 PARK TERRACE Drive
About This Property
Built in 1964, the home features 1,629 square feet of air conditioned living space. The entry level welcomes you with a foyer and versatile living or den area with a half bath. The second floor main gathering space includes a family room with a fireplace, kitchen, and dining area, while the upper level features two bedrooms and two bathrooms. Originally designed as a three-bedroom home, the flexible layout can easily be converted back to a third bedroom. A heated and cooled sunroom extends the main gathering space and opens to a private backyard retreat featuring a small fish pond with a working fountain and a patio ideal for entertaining and grilling. Additional highlights include a 2026 HVAC system, all new flooring and carpet, and new windows in the family room and kitchen. This unique home combines flexible living spaces, outdoor charm, and a convenient location that makes it easy to enjoy everything St. Augustine has to offer.
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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.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Listed by LPT REALTY LLC | $600,000 | |
| Listed by LPT REALTY LLC | |||
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About St. Augustine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017