71
Map
29 NELMAR Avenue
About This Property
Upstairs, you'll find bright, spacious bedrooms with ample closet space, while the thoughtful updates like the new roof over the Florida room add peace of mind and value.
The location is unbeatable: steps from North City's shops and restaurants, a short bike ride to the beach, and only minutes to the Vilano Bridge, a local favorite for scenic walks. You're also just a quick stroll or drive from St. Augustine's historic downtown attractions and dining.
Adding to its appeal, a two-story detached garage has been converted into a versatile guest suite with a full bathroom perfect for a studio, private office, in-law space, or overnight visitors.
This is a rare chance to own a piece of St. Augustine's history in one of its most walkable, charming neighborhoods where historic character meets modern livability.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 19, 2026 | Price Decreased |
$850,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| May 11, 2026 | Price Decreased |
$875,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$895,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
| Jan 5, 2026 | Price Decreased |
$899,500
↓ $51K
(5.3%) | |
| Price Decreased | |||
| Dec 27, 2025 | Price Decreased |
$950,000
↓ $15K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017