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203 TESORO TERRACE
About This Property
The open floor plan is centered around a spacious kitchen featuring Electrolux appliances, a gas range, under-cabinet lighting, a large center island, a butler's pantry, and a separate walk-in pantry. Ten-foot ceilings, 8-foot doors, and a 12-foot sliding glass door create an open, airy feel and bring in plenty of natural light.
The split-bedroom layout provides privacy, with the primary suite tucked away at the back of the home overlooking the pool and pond. The primary bathroom features dual vanities, a large walk-in shower, and an oversized walk-in closet. Plantation shutters throughout the home add a clean, timeless look, while practical features like two tankless water heaters, a whole-home water softener, and a versatile upstairs flex room give you plenty of options for a home office, media room, game room, or workout space.
The backyard is where this home really shines. The screened lanai includes a motorized screen system and a fully equipped outdoor kitchen, making it easy to enjoy the space year-round. The pool overlooks the pond and is surrounded by an extended paver deck, upgraded landscaping, palm trees, and custom outdoor lighting. The fully fenced backyard offers plenty of space to enjoy, and the artesian well for irrigation helps keep the lawn looking great while saving money on water bills. Additional exterior upgrades include a sealed paver driveway, front porch and walkway, along with an oversized 3-car garage with bays large enough for full-size SUVs.
Madeira offers residents a community pool, fitness center, and clubhouse, along with access to top-rated St. Johns County schools. If you've been looking for a home with quality finishes, a great outdoor living space, and a convenient St. Augustine location, 203 Tesoro Terrace is one you won't want to miss.
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist
recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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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 |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Price Decreased |
$974,999
↓ $25K
(2.5%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by DJ & LINDSEY REAL ESTATE | $999,999 | |
| Listed by DJ & LINDSEY REAL ESTATE | |||
| Jun 15, 2026 | Price Decreased |
$1,024,999
↓ $25K
(2.4%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$1,049,999
↓ $30K
(2.8%) | |
| Price Decreased | |||
Property Highlights
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About St. Augustine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017