$1,525,000
●
House -
Off Market
2696 PALENCIA Street
St Augustine, FL 32084
4 Beds
4 Baths,
2
Half Baths
2,400 Ft²
$8,674
Est. Monthly
1.38%
Cap Rate
About This Property
Live everyday like a vacation... Located just a few steps from the
beach, this stunning home offers unparalleled views of the ocean,
inlet and downtown St Augustine! Step inside and be greeted by a
meticulously maintained and move-in-ready interior that exudes
coastal charm. With 360 degree views, the main living area is truly
spectacular. Surrounded by expansive windows, the sunlit waters of
the Atlantic Ocean can be viewed from every angle and the chef
issure to love the views from the gorgeous open kitchen. Enjoy
morning sunrises and a moonlit beach from the private balconies off
of the bedrooms or stargazing from the roof top deck. Not only a
tranquil haven for beach lovers, this property is also a savvy
investment as one of the few homes in the area that allows for
vacation rentals. Solidly built, poured concrete 1st floor with an
elevator that goes to all three levels. Another plus, highly
elevated and located within flood zone x.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$656
Property Type
House
Property Taxes
$940
HOA Dues
-
Year Built
2010
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #2002916)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
| Mar 8, 2024 | Relisted | $1,575,000 | |
| Relisted | |||
| Mar 7, 2024 | No longer available | - | |
| No longer available | |||
| Feb 23, 2024 | Listed by Engel & Völkers St. Augustine | $1,575,000 | |
| Listed by Engel & Völkers St. Augustine | |||
| | |||
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Live everyday like a vacation... Located just a few steps from the beach, this stunning home offers unparalleled views of the ocean, inlet and downtown St Augustine! Step inside and be greeted by a meticulously maintained and move-in-ready interior that exudes coastal charm. With 360 degree views, the main living area is truly spectacular. Surrounded by expansive windows, the sunlit waters of the Atlantic Ocean can be viewed from every angle and the chef issure to love the views from the gorgeous open kitchen. Enjoy morning sunrises and a moonlit beach from the private balconies off of the bedrooms or stargazing from the roof top deck. Not only a tranquil haven for beach lovers, this property is also a savvy investment as one of the few homes in the area that allows for vacation rentals. Solidly built, poured concrete 1st floor with an elevator that goes to all three levels. Another plus, highly elevated and located within flood zone x. The manager has listed the unit size as 2400 square feet.
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Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Villano Beach
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Listed by: JENNIFER BRYNDAL PA, ENGEL & VOLKERS ST AUGUSTINE
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2002916
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2002916
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