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429 ALTARA Drive
About This Property
Inside, you'll find a thoughtfully updated interior featuring tile flooring throughout for easy maintenance and a clean, cohesive look. The home has been well cared for with major system updates already completed, offering peace of mind for years to come.
Step outside to your spacious 20x14 screened porch--an ideal spot to relax, entertain, or simply take in the tranquil water views and abundant wildlife. An additional open patio provides even more space for outdoor living and enjoying Florida's beautiful weather.
This home is packed with practical upgrades, including newer windows with hurricane shutters, full home repiping, new ductwork, and a whole-house water filtration system. Stay prepared year-round with a generator (included) that powers the entire home except the A/C, plus a 30-amp outlet ready for your camper or trailer.
Located just minutes from shopping, dining, beautiful beaches, and historic downtown St. Augustine, this home offers the perfect blend of comfort, convenience, and Florida lifestyle living.
Key updates include: Roof (2017). HVAC (2014). Water Heater (2024)
An irrigation well is also installed (not warranted), adding extra value for maintaining the lush lawn.
Most furniture is negotiable, making this a fantastic opportunity for a move-in-ready or partially furnished home.
Don't miss your chance to own a peaceful lakeside retreat in one of the area's most established communities!
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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.
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About St. Augustine Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017