38
Map
6680 A1A S
About This Property
The main living space, kitchen, two guest bedrooms, and a guest bathroom are upstairs. On the first floor, you'll find the master bedroom, another full bathroom, laundry, and a flex space that would make a great home office or an additional living area. The most important feature of this property is its RS-3 zoning, allowing for nightly rentals, which presents an exceptional opportunity for those seeking to offset the expense of a second home or invest in a vacation rental property. The home is within walking distance to local restaurants and has multiple boat ramps nearby. You'll have endless options for dining out and exploring the St. Augustine waterways. Additionally, the historic downtown district is just a short 15-minute drive away making this a great location for those desiring the beach lifestyle with close proximity to the attractions and festivities downtown.
Don't let this chance slip awayseize the opportunity to own your own slice of paradise in St. Augustine's most desirable area. Embrace the coastal lifestyle, create lasting memories, and relish the unmatched convenience and charm of this Crescent Beach cottage.
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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 |
|---|---|---|---|
| Sep 13, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | Listed by ENDLESS SUMMER REALTY | $499,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Aug 8, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by MOMENTUM REALTY | $400,000 | |
| Listed by MOMENTUM REALTY | |||
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Just steps away from this amazing home is a public beach walkover, making it super convenient for any family or guests who get to call this place home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017