56 WATER Street
About This Property
-bottom renovation in 2019. To your right, a formal sitting room opens to a sunlit dining area, both overlooking the open
-concept chef's kitchen, complete with modern finishes and thoughtful design. On the left, the family room flows easily into the
main dining and kitchen spaces. A half bath, storage room, and mudroom entrance complete the first floor. Step outside to
your private retreat: a fully fenced backyard designed for both entertaining and leisure. Completed in 2020, the space features
low-maintenance artificial turf, a bocce ball court, stone seating areas and a deliciously inviting pool. Practice your short game
on the custom putting green, or simply unwind under the Florida sky. Upstairs, two guest bedrooms share a full bath, while a
spacious junior suite includes its own private bathroom with a walk-in shower. At the east end, the primary suite offers a
tranquil sanctuary with two balconies, a private sitting area, peeks of the Matanzas River, and a generous bathroom featuring
a modern clawfoot tub, walk-in shower, double vanity, and walk-in closet. This is more than a home - it's a legacy, a lifestyle,
and a chance to live in one of St Augustine's most treasured neighborhoods.
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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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 5, 2025 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $1,776,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Jul 18, 2023 | Sold | ||
| Sold | |||
| Mar 2, 2023 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $1,700,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
Property Highlights
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About Uptown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017