216 SPANISH MARSH Drive
About This Property
This stunning Mediterranean-style home offers 4 bedrooms plus a dedicated office and 3.5 baths, including a private upstairs bedroom or bonus room with full bath, ideal for teens, guests, or a theater/game room. Freshly painted interior, paver driveway, and barrel tile roof enhance timeless architecture. The open kitchen and family room flow seamlessly for entertaining and everyday living, featuring stainless appliances and a brand-new refrigerator, along with a formal dining room and private office. The spacious primary suite boasts tray ceilings, tranquil pool and golf views, dual walk-in closets, soaking tub, walk-in glass shower, and double vanities. Ideally located just minutes to pristine beaches, shopping, dining, and historic downtown 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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Relisted | $1,049,900 | |
| Relisted | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Price Decreased |
$1,089,900
↓ $10K
(0.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017