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5916 RIO ROYALLE Road
About This Property
Major waterfront improvements include a bulkhead replaced in 2023 and a dock and covered 12,000-pound boat lift completed in 2024. The dock features a roof-covered boat slip, upper deck, floating dock, lift wiring, fish-attracting light, floodlight, LED lighting, and GFCI-protected electrical receptacles.
LOCATION IS EVERYTHING! Situated near the canal entrance rather than deep within the neighborhood's canal system, this property provides convenient access to the main waterway leading to the Intracoastal Waterway and Matanzas River. Spend less time navigating canals and more time enjoying the water! A potential impact fee credit of up to $17,811 may be available, depending on future construction plans. Enjoy the best of boating and beach living! Treasure Beach features an upgraded community beach walkway, just a walk or bike ride away, with a pedestrian-activated crosswalk on A1A that stops traffic for safer access. The community allows boat and RV parking and short-term vacation rentals, subject to applicable regulations.
A voluntary Property Owners Association, approximately $100 annually, offers fishing tournaments, social gatherings, beach picnics, holiday celebrations, and more. An annual $661 canal dredging assessment is included in the property tax bill for the Army Corps of Engineers dredging project.
Conveniently located near beautiful beaches, local dining, shopping, and historic downtown St. Augustine, this property offers a lifestyle shaped by saltwater breezes, boating, and the charm of Florida's Historic Coast.
Some properties offer a place to live; this one offers a lifestyle worth building around!
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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 |
|---|---|---|---|
| Nov 2, 2026 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $649,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Feb 11, 2022 | Sold | ||
| Sold | |||
| Nov 2, 2021 | Listed by ENDLESS SUMMER REALTY | $349,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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Freshly cleared Water front lot with river views from multiple angles! $14,481 Impact Fee Credit, ready for the next buyer to build the home of their dreams! Beach and Intracoastal life in one! Rare opportunity to own in one of the few canal neighborhoods located on Anastasia Island. The canal has direct access to the Intracoastal/Matanzas River. Imagine building your own dock and boat lift, the convenience you desire to access the water anytime you wish without the hassle of navigating a busy boat ramp!! No restrictions for parking a boat or an RV and vacation rentals are allowed in this community. The Treasure Beach Neighborhood has a newly installed/upgraded beach walkway because... YES you can walk or ride your bike to the beach from this home! Membership is not required and the cost is a yearly payment of $50.00, the money goes back to the community. This property has tons of potential! Located on a large .28 acre lot with over 150ft on the waterfront.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 3, 2021 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $399,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017