Experience waterfront living at its finest in this custom-designed
Intracoastal estate, thoughtfully crafted for both entertaining and
everyday enjoyment. Positioned to capture expansive water views and
protected preserve views of Moses Creek just across the waterway.
This exceptional property offers a rare combination of deep-water
dockage on the Intracoastal Waterway and an additional covered
canal-front dock, complete with a boat lift. Designed to seamlessly
blend indoor and outdoor living, the residence features a glass
enclosed pool and spa, spacious waterfront gathering areas, and
breathtaking sunset views. At the heart of the home, a distinctive
sunken bar with pass-through access to the outdoor pool area
creates an ideal setting for hosting family and friends.
Architectural details throughout the home include a striking
natural coral fireplace wall and handcrafted Mexican-imported
Cantera stone accent columns, adding warmth, character, and
timeless coastal appeal. The thoughtfully designed floor plan
offers multiple living and entertaining spaces with views of the
Intracoastal Waterway from every room! Notable highlights include
two separate, two-car garages, including one currently used as the
"Tackle Box," offering generous space for vehicles, boating and
fishing equipment, hobbies, and storage. With direct boating
access, exceptional outdoor amenities, unique architectural
elements, and a premier waterfront location, this property presents
a rare opportunity to enjoy the best of coastal living in St.
Augustine.
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.
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