256 FAIRLAKE Circle
About This Property
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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 9, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Dec 21, 2025 | Listed by FLORIDA HOMES REALTY & MTG LLC | $345,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
| Nov 28, 2023 | Listed by NEXTHOME FIRST COAST | $389,990 | |
| Listed by NEXTHOME FIRST COAST | |||
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Price improvement!! Don't miss this price for an amazing lake view property!! Come and see this beautiful move-in ready fully upgraded BRAND NEW/NEVER LIVED IN home for yourself!! Welcome to 256 Fairlake Circle, a stunning residence nestled in the heart of the picturesque World Golf Village in Saint Augustine, FL. This exceptional home offers a perfect blend of luxurious living and the charm of one of Florida's most historic and vibrant cities, all inside of the gated 55+ community Summer Bay at Grand Oaks. Built with love for a family member who then had a change of needs, this home has hand-selected premium upgrades and has never been lived in. Own a new home without the hassle of building! Walk in through your stunning glass front door and enjoy upgrades such as a white gourmet kitchen, granite countertops, enclosed study, extended paver patio overlooking the lake and water fountain, and a whole-house water softener added for move-in ready comfort. More in docs! Welcome to 256 Fairlake Circle, a stunning residence nestled in the heart of the picturesque World Golf Village in Saint Augustine, FL. This exceptional home offers a perfect blend of luxurious living and the charm of one of Florida's most historic and vibrant cities, all inside of a gated 55+ community Summer Bay at Grand Oaks.
Property Features:
1. Spacious, Secure Living Spaces: Step into a home that seamlessly combines elegance with functionality. The open floor plan creates a welcoming atmosphere, perfect for entertaining family and friends. Enclosed study area is perfect for a home office or hobby room. Fully upgraded house features energy efficiency and smoke detection. Pre-wired for security systems hook up. House installed with brand new water softener system will facilitate quick move-in.
2. Gourmet Kitchen: The well-appointed upgraded gourmet kitchen boasts modern appliances, granite countertops, and ample storage space. Whether you're a culinary enthusiast or simply love to gather in the kitchen, this space is sure to delight.
3. Tranquil Master Suite: Retreat to the master suite, a sanctuary of comfort featuring a spa-like ensuite bathroom and walk-in closet. Relax and rejuvenate in style.
4. Private Outdoor Oasis: Enjoy the Florida sunshine in your private outdoor space. The property overlooks the community lake and water fountain. The patio features an extended covered lanai, ideal for al fresco dining or simply unwinding after a busy day.
5. Community Amenities: Residents of Summer Bay at Grand Oaks enjoy access to world-class amenities, including nearby golf courses, two beautiful club houses, fitness center, two swimming pools and resort-style amenities including illuminated pickle ball courts, cookout areas, croquet courts, and more. There are weekly events and programs organized for residents. It's a lifestyle that caters to both relaxation and an active pursuit of well-being.
Local Area Highlights:
1. Historic St. Augustine: Immerse yourself in the rich history of St. Augustine, the nation's oldest city. Explore cobblestone streets, historic landmarks, and vibrant art galleries that give this city its unique character.
2. World-Class Golfing: As a resident of World Golf Village, you're surrounded by championship golf courses designed by legends such as Jack Nicklaus and Arnold Palmer. Indulge in your passion for golf with easy access to these top-tier courses.
3. Cultural Attractions: Discover the cultural treasures of the area, including the Castillo de San Marcos National Monument and the Lightner Museum. From art exhibits to interactive displays, there's always something enriching to experience.
4. Beach Access: For those seeking sun and surf, pristine beaches are just a short drive away. Sink your toes into the warm sands of St. Augustine Beach or Anastasia State Park, offering a perfect escape for relaxation and water activities.
5. Shopping: Convenient access to I-95 means an easy commute to major wholesale stores like Costco and modern chain stores such as Home Depot and Walmart along with a plethora of restaurants and retail outlets to the north or south of this WGV community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017