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4221 MYRTLE Street
About This Property
Situated on a deep-water Intracoastal lot with direct ocean access, the property features a covered boathouse, two boat lifts (13,000 lb. and 7,500 lb.), a private dock, and breathtaking panoramic water views from nearly every room. Watch dolphins play, enjoy spectacular sunsets, and experience the boating lifestyle that makes St. Augustine one of Florida's most desirable waterfront destinations. The main residence offers 4 bedrooms, 3.5 bathrooms, a dedicated office, spacious bonus room, and an open-concept floor plan centered around a designer kitchen featuring premium appliances, custom cabinetry, an oversized island, walk-in pantry, and expansive water views. The first-floor owner's suite provides a private retreat with a spa-inspired bath, oversized walk-in closet, and direct access to the waterfront backyard.
Upstairs, guests will enjoy additional bedrooms, multiple gathering spaces, and expansive covered porches designed to capture the coastal breeze and endless Intracoastal views.
A detached oversized two-car garage includes a fully finished guest suite above with its own bedroom, bathroom, living area, and entertaining space, making it ideal for extended family, guests, a home office, or private retreat.
Additional highlights include metal roofing, impact-rated windows and doors, covered front and rear porches, beautifully maintained grounds, generous parking, and a rare combination of privacy, deep-water access, and modern construction.
Located just minutes from historic downtown St. Augustine, area beaches, dining, shopping, and world-class fishing, this is a rare opportunity to own a turnkey waterfront estate with room for family, guests, and all of your toys.
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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 17, 2026 | Price Decreased |
$3,950,000
↓ $200K
(4.8%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$4,150,000
↓ $100K
(2.4%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by PONTE VEDRA CLUB REALTY, INC. | $4,250,000 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017