21 AVILES Drive
About This Property
Conveniently located within walking distance to historical downtown St. Augustine, this property offers a blend of vintage charm and modern comfort. With its prime location and active Airbnb rental history with stellar reviews, this cottage presents a fantastic investment opportunity for those seeking both a peaceful retreat and steady flow of income. This home is being offered furnished and turnkey for a quick start up as a short term rental.
A complete renovation was done in 2008 including new plumbing, siding, insulation, electric and windows. Septic was replaced in 2008 and has been pumped in late 2021. New metal roof was installed in 2019. Replaced HVAC in 2022. The washer/dryer were replaced in 2020 and dishwasher was replaced in 2019. Located less than a mile from historical downtown St. Augustine, which provides unlimited dining, shopping & sightseeing options. Property is in flood zone X, so no flood insurance is required. Termite bond in place. Zoning allows 1 rental per 7 days with the City of 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%.
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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.
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 |
|---|---|---|---|
| Mar 18, 2024 | Sold | ||
| Sold | |||
| Jan 27, 2024 | Listed by ENDLESS SUMMER REALTY | $405,300 | |
| Listed by ENDLESS SUMMER REALTY | |||
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Welcome to a piece of history in the heart of St. Augustine! This enchanting 1928 cottage, with 2 bedrooms and 1 bath, is a timeless gem that seamlessly blends vintage charm with modern comforts. As you step inside, be greeted by the warmth of original hardwood floors, a testament to the character that has withstood the test of time.
The heart of the home is the generously sized kitchen, a chef's dream with ample space and storage. Whether you're preparing a gourmet meal or a quick snack, this kitchen is both functional and inviting.
Located on a quiet street, this cottage offers a peaceful escape while being less than 1 mile from historic downtown St. Augustine. Immerse yourself in the rich history, charming boutiques, and delectable dining options that the area has to offer. Plus, with the beach just under 5 miles away, you're never far from the sun, sea, and sand. For those seeking a turnkey vacation rental property, your search ends here. This cottage is being sold fully furnished, making it a hassle-free investment opportunity. Whether you're yearning for a permanent residence with character or a savvy investment in the vacation rental market, this 1928 cottage is your gateway to a timeless lifestyle in St. Augustine. Don't miss the chance to make it yours!
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| Aug 5, 2023 | Listed by ENDLESS SUMMER REALTY | $407,800 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Oct 28, 2022 | Sold | ||
| Sold | |||
| Sep 8, 2022 | Listed by ENDLESS SUMMER REALTY | $410,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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About St. Augustine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017