56 MARINE Street
About This Property
Step into the rich tapestry of history with this exquisite historic compound, nestled within a sprawling lot exuding privacy and tranquility. Encased by a stately concrete block with stucco wall, this property offers a sanctuary of seclusion. Completely renovated by A.D. Davis Construction in 1983, it was originally established in 1764, making it the second oldest home in St. Augustine. Enter through the gates to discover four distinct structures, each with its own unique charm. The centerpiece is a magnificent three-story home, complemented by a garage with a garage apartment, a charming ''School House'' cottage, and a laundry room cottage. Modern luxury meets historic charm with a total of five bedrooms, four and a half baths, and an array of upscale features. Indulge in culinary delights with a SubZero refrigerator and Wolf gas range, while two gas fireplaces add warmth and ambiance. Ample storage throughout ensures convenience and functionality.
Ascend to the third floor sitting room to behold breathtaking views of Matanzas Bay. A walk-in cedar closet and hidden panic room offer both practicality and peace of mind, reflecting thoughtful design and attention to detail. Protecting against the elements, a brand-new flood barrier system has been purchased for doors and gates, alongside inflatable sewer bulbs, offering comprehensive preparation for hurricane seasons. (System valued over $14,000)
Entertain in style with a grilling area featuring a gas grill under a charming pergola, creating the perfect setting for al fresco gatherings. Situated in the heart of St. Augustine, this historic compound offers a rare blend of heritage and convenience, providing easy access to local amenities, attractions, and the timeless beauty of Florida's coastline. Whether seeking a private retreat or a historic masterpiece, this extraordinary compound invites you to become part of its storied legacy.
Schedule your private tour today and seize the opportunity to own a piece of St. Augustine's history. Pre-approval or proof funds of funds required to show. 24 Hour Notice Required.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017