$385,000
●
Land -
Off Market
735 PROMENADE POINTE Drive
St Augustine, FL 32095
Studio
0 Bath
$388,936
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
*Ready to build* This Promenade Point lot with ~74 ft of frontage
is situated in a private and quiet cul-de-sac in one of Northeast
Florida's most desirable and naturally breathtaking communities,
Palencia. The lot is high and dry with pond views surrounded by
beautiful million dollar Spanish architectural homes. Palencia
offers world-class amenities including 3 pools, a fitness center,
lighted clay tennis courts, pickleball courts, sports fields &
fitness trails. The privately owned Palencia Club is within the
grounds of Palencia offering members access to an Arthur
Hill's-designed-golf course as well as upscale and casual dining.
The Tolomato River Boardwalk within Palencia is ~ 1/2 mile to the
picnic areas and 7/10 of a mile to the fishing pier. 20 minutes
from Historic St Augustine, 30 minutes from the beaches, 15 minutes
to I-95 and 11 minutes to the St Augustine Airport. Zoned for
A-rated schools & surrounded by every convenience (grocery store,
restaurants, retail, healthcare, gas station)
Unit Size
-
Days on Market
-
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$17
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #1229864)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2023 | Sold | ||
| Sold | |||
| May 31, 2023 | Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | $390,000 | |
| Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | |||
| Jul 1, 2022 | Listed by TEAM 100 REALTY | $1,057,900 | |
| Listed by TEAM 100 REALTY | |||
| | |||
|
THIS STUNNING NEW BUILD COULD BE YOURS! New Construction Spanish Style Home by Pinnacle Homes to be built on this beautiful lakefront in Palencia's Promenade Pointe. One story 4 bedroom, 3 bath home with a 2-car garage. You get to pick your flooring & finishes! Features include; Quartz countertops, 42'' kitchen cabinets & Engineered wood flooring throughout. Home offers covered lanai, home office/study & more!
| |||
| Jan 4, 2022 | Listed by TEAM 100 REALTY | $450,000 | |
| Listed by TEAM 100 REALTY | |||
| | |||
|
Build your dream home on this gorgeous lot located on a cul-de-sac with golf course and pond views. This 74' frontage lot offers endless possibilities. There's no time frame to build and you can use the builder of your choice -- what's not to love? Take advantage of the benefits of the top rated St. John's County school system and all the amenities the Palencia community has to offer. Take a swim, play tennis, golf, relax and enjoy nature at its best. Come see this lot, it can be yours today!
| |||
| Aug 13, 2020 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About St. Johns
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Listed by: MARCELLUS HEATH, ONE SOTHEBY'S INTERNATIONAL REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1229864
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1229864
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