206 16TH Street #C
About This Property
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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 |
|---|---|---|---|
| Aug 20, 2025 | Relisted | $335,000 | |
| Relisted | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Price Decreased |
$335,000
↓ $20K
(5.6%) | |
| Price Decreased | |||
| Mar 28, 2025 | Price Decreased |
$355,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Feb 25, 2025 | Listed | $365,000 | |
| Listed | |||
| | |||
|
Ideally located just a short walk from Saint Augustine Beach, only 6 minutes by car from historic Downtown Saint Augustine, the condo is also close to the St. Johns County Ocean and Fishing Pier. Frequent festivals, markets, vibrant events, beach volleyball, playgrounds, and a splash park make this area a hub of activity. Numerous dining options are within walking distance, perfect for leisurely days out. The condo offers excellent investment potential with a one-month minimum rental policy. It boasts modern interior updates, including light fixtures and soft-close kitchen cabinets with quartz countertops. The bathrooms are refreshed with a walk-in shower in the guest bathroom and a new tub/shower combination in the primary bathroom. The HVAC system was replaced in October 2020 for optimal comfort. Community amenities include a monthly HOA fee of $446.58 covering pest control, sewer, trash, and water, with ample assigned and guest parking. Anastasia by the Sea, where this condo is located, is a well-managed community noted for its structural safety and strong financial standing, including a substantial reserve fund. This property represents a perfect blend of comfort, convenience, and investment potential, making it an exceptional opportunity for both homebuyers and investors.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/21/2023
|
2 Bed
|
2 Bath
|
1071 ft²
|
$379,000
2 Bed
2 Bath
1071 ft²
|
-
-
|
THOMAS SCHEIRER
SCHEIRER REALTY, INC.
| |
|
08/04/2020
|
2 Bed
|
2 Bath
|
1075 ft²
|
$195,000
2 Bed
2 Bath
1075 ft²
|
$235,000
+20.51%
12/23/2020
|
MARK FADER
| |
|
11/07/2019
|
2 Bed
|
2 Bath
|
1131 ft²
|
$234,900
2 Bed
2 Bath
1131 ft²
|
$232,500
-1.02%
12/18/2019
|
BELINDA RAVAN
ENDLESS SUMMER REALTY
| |
|
08/14/2019
|
2 Bed
|
2 Bath
|
1076 ft²
|
$198,500
2 Bed
2 Bath
1076 ft²
|
$180,000
-9.32%
10/09/2020
|
Elizabeth Kelly
ENDLESS SUMMER REALTY
| |
|
08/29/2014
|
2 Bed
|
2 Bath
|
1076 ft²
|
$149,900
2 Bed
2 Bath
1076 ft²
|
$148,900
-0.67%
10/31/2014
|
JOE HATIN
FIRST COAST SOTHEBYS INTERNATIONAL REALTY
| |
|
05/30/2012
|
2 Bed
|
2 Bath
|
1131 ft²
|
$115,000
2 Bed
2 Bath
1131 ft²
|
$111,500
-3.04%
11/30/2012
|
Carol H Perry
EXP Realty LLC
| |
|
11/13/2008
|
2 Bed
|
2 Bath
|
1075 ft²
|
$139,900
2 Bed
2 Bath
1075 ft²
|
$126,500
-9.58%
07/29/2011
|
DIANE KLINGE
WATSON REALTY CORP
| |
|
12/12/2005
|
2 Bed
|
2 Bath
|
1131 ft²
|
$259,900
2 Bed
2 Bath
1131 ft²
|
$258,000
-0.73%
01/24/2006
|
TARA PRESSER
EXP REALTY LLC
| |
|
07/18/2005
| |
2 Bed
|
2 Bath
|
1075 ft²
|
$244,900
2 Bed
2 Bath
1075 ft²
|
$235,000
-4.04%
11/14/2005
|
Stefanie Bernstein
Berkshire Hathaway Homeservices Florida Network Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017