6460 OLD DIXIE Drive
About This Property
Built in 1972, the home blends timeless character with tasteful cosmetic updates, offering the perfect balance of historic charm and modern comfort. Start your mornings on the welcoming front porch with a cup of coffee and your favorite book, then unwind in the evening on the back porch while enjoying the peaceful surroundings and Florida breeze.
Need extra space? The property includes a storage shed, as well as an impressive 20x28 detached studio with electricity already in place. Whether you're looking for a workshop, hobby space, home gym, climate-controlled storage, or the potential to create a future mother-in-law suite, the possibilities are plentiful. Buyers are required to verify all zoning requirements, permitting requirements, restrictions, and intended uses with St. Johns County.
Conveniently located near US1, you'll enjoy easy access to both St. Augustine and Jacksonville. Publix, shopping, restaurants, and everyday conveniences in Palencia are just five minutes away, while Vilano Beach, Historic Downtown St. Augustine, and Uptown St. Augustine are all approximately 10 to 15 minutes from your front door. Outdoor enthusiasts will appreciate being just a street over from Stokes Landing Conservation Area, where miles of scenic walking trails and Intracoastal views await. It is rare to find a property that offers this much space and freedom while still being so close to shopping, dining, beaches, and everything that makes St. Augustine special.
Located within an A-rated school district and offering a combination of location, land, flexibility, and lifestyle that's increasingly difficult to find, this home is an excellent opportunity for first-time buyers, downsizers, investors, or anyone looking to enjoy the freedom that comes with owning property without HOA restrictions.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017