27
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27 DOLPHIN Drive
About This Property
This prime parcel features stunning, direct views across the water toward the historic downtown skyline, offering a front-row seat to spectacular sunsets framed by this iconic city and its historic landmarks. A legacy property of this significance rarely hits the open market.
Imagine having a sweeping and unobstructed front-row seat to downtown St. Augustine from your own backyard, where you can relax, take in the views, and watch dolphins play in the water just beyond your doorstep. Even better, you can walk to downtown St. Augustine and enjoy the city's historic charm, acclaimed dining, shopping, entertainment, and vibrant waterfront all within minutes from this highly coveted location. This is a" build-ready" property as the Seller has already completed survey's, soil testing and engineering, and has obtained an approved and active permit for a brand new dock with both boat and jet ski platform lifts providing the future owner a 6-8 month headstart on construction of their new home. As an added bonus, the Seller will also convey a full set of permit-ready plans for a 7000+ sq ft modern style home that includes both landscape/drainage plans as well as a spectacular outdoor oasis and resort styled champagne pool/spa, sunken firepit, and outdoor kitchen/entertainment area like no other. The groundwork has already been thoughtfully addressed, allowing a future owner to move forward with greater speed, confidence, and clarity.
Bring your vision to life on this exceptional waterfront property with an impressive head start on the design and permitting process. Whether you are looking to build a custom waterfront retreat, primary residence, or exceptional investment property, this property offers a rare and unusually strong foundation for turning your dreams into reality.
This is a once-in-a-generation chance to build on Davis Shores' most coveted waterfront. Rarely available and impossible to replicate. Act fast to secure this premium waterfront canvas before it's gone forever.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Listed by PONTE VEDRA CLUB REALTY, INC. | $3,129,000 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Nov 28, 2023 | Price Decreased |
$3,579,999
↓ $10K
(0.3%) | |
| Price Decreased | |||
| Nov 2, 2023 | Relisted | $3,589,999 | |
| Relisted | |||
| Nov 1, 2023 | No longer available | - | |
| No longer available | |||
Property Highlights
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About St. Augustine
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Last Updated: 28 days ago
Data Source: Real MLS, MLS# 2162675
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