40 TESLA Court
About This Property
Welcome to this beautifully maintained home in the sought-after Freedom at San Salito, a vibrant 55+ community in St. Augustine. Situated on the second largest lot in the neighborhood and backing up to a tranquil preserve, this home offers the ultimate in privacy, space, and peace of mind.
The seller's meticulous care and attention to detail are evident throughout. Inside, you'll find a range of thoughtful updates including:
A brand-new glass shower in the primary bath
New toilet and vanity in the guest bathroom
All-new lighting fixtures throughout the main living areas
Under-cabinet lighting in the kitchen
Upgraded door and cabinet hardware throughout the entire home
The home is equipped with two separate water meters-one for irrigation, ensuring you're not charged sewer fees on outdoor water use, and one for the home. Even better, lawn mowing, edging, and shrub trimming are all handled by the HOA! For added peace of mind, there's a dedicated, hard-wired emergency generator hookup on the exterior. Freedom at San Salito is an active, friendly 55+ community with lots of planned activities and events that many of the residents attend. Residents enjoy access to their own private pool exclusive to 55+ homeowners, as well as full use of the main San Salito community amenities. The actual property line goes way beyond the fence in the backyard.
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by DJ & LINDSEY REAL ESTATE | $439,900 | |
| Listed by DJ & LINDSEY REAL ESTATE | |||
| Aug 4, 2021 | Sold | ||
| Sold | |||
| Jun 25, 2021 | Listed by DJ & LINDSEY REAL ESTATE | $350,500 | |
| Listed by DJ & LINDSEY REAL ESTATE | |||
Property Highlights
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017