The heart of the home is the open great room, flowing seamlessly
into a spacious kitchen featuring a gas cooktop, double wall ovens,
a large island, and a sun-filled breakfast nook. Hosting is
effortless with an elegant formal dining room, while a private
office offers the perfect space for working from home. A true
in-law suite with its own full bath provides comfort and privacy
for guests or extended family. The primary suite offers a relaxing
retreat with a walk-in shower, and every bedroom features its own
walk-in closet. Step outside to your private oasis, where a
screened lanai, paver patio, and full outdoor kitchen create the
perfect setting for relaxing mornings and evenings spent
entertaining friends and family. Backing up to a beautiful
preserve, the backyard offers a peaceful, private setting that's
hard to find. Screen enclosure covers provide additional shade and
privacy, making the outdoor living space even more enjoyable. The
split 3-car garage accommodates two vehicles plus your golf cart.
Smart-home features, abundant storage, and a 2018 roof and AC add
everyday convenience and peace of mind. HOA fees are just $148 per
year, with CDD fees of $4,216.99 per year. THE PALENCIA
LIFESTYLE: Enjoy tree-lined biking trails, meet friends for
pickleball, and take in beautiful sunsets over the Intracoastal.
Palencia offers an exceptional array of amenities, including a
Mediterranean-style clubhouse with restaurant and bar, resort-style
pool, fitness center, tennis and pickleball courts, parks,
playgrounds, and a marina, along with optional membership to the
championship Arthur Hills golf course. Hop in your golf cart and
head to the village center for shopping, dining, and community
events. Conveniently located near St. Johns County schools, US-1,
I-95, the beaches, and historic downtown St. Augustine, this home
combines private preserve views, spacious living, and the best of
the Palencia lifestyle.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017