249 PALACE Drive
About This Property
Built in 2018 and located in **Freedom at San Salito**, this beautifully designed single-story home offers **3 bedrooms, 2 full baths, and 1,604 square feet** of easy, functional living space.
The open layout keeps everyday life simple, with no stairs and a natural flow between the main living areas. The bedroom setup gives you room for guests, a home office, hobbies, fitness, or the extra space everyone says they'll keep perfectly organized. We all have dreams.
Out back, the screened lanai and open patio are ready for quiet Florida mornings, golden evenings, weekend grilling, or simply enjoying the slower pace that makes this community so appealing.
Set within the **active-adult lifestyle section of Freedom at San Salito**, this home offers a peaceful St. Augustine setting without sacrificing convenience. You're located in **Flood Zone X** and just minutes from historic downtown St. Augustine, beaches, shopping, dining, medical services, and I-95.
If you've been waiting for a newer, single-story home in St. Augustine with low-maintenance appeal, flexible space, and a strong location, 249 Palace Dr belongs at the top of your list.
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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 |
|---|---|---|---|
| Jun 21, 2026 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $399,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| Mar 13, 2023 | Sold | ||
| Sold | |||
| Feb 11, 2023 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $425,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| Apr 3, 2018 | Sold | ||
| Sold | |||
| Sep 19, 2017 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $265,990 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017