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950 SALZEDO AVENUE
About This Property
This 2-bedroom, 2-bathroom home is full of upgrades, flexible living space, doors and windows were replaced in 2021, complemented by tinted vinyl windows (2022) in the Florida room with updated flooring (2021), while upgraded electrical and added insulation throughout the home, including the garage ceiling and insulated garage door.
Inside, the home features tile and luxury vinyl plank flooring (2021), the updated kitchen is paired with a full appliance package, with all appliances replaced within the last 3 years. The Florida room is fully finished with extra electric outlets, creating a versatile, light-filled space, currently being used as an office.
The garage has been transformed into a fully air conditioned flex space under heat and air, adding 300+ square feet. Ideal for a hobby room, entertaining, a study, studio, office or a workshop with limitless possibilities! Mini-split system (2022), and insulated garage door (2022). Both AC Units have transferable maintenance contracts. Gutters added in 2022, and irrigation is already in place.
St. Augustine Shores is a large, amenity-rich, Intracoastal Waterway, and Golf Club oriented community with low HOA fees, extensive parks, amenities and trails that encapsulates the true Florida lifestyle. With your experience is anchored by The Riverview Club, where, as an HOA member have access to: A ballroom, multi-purpose rooms, and conference room, 18,000 gallon pool overlooking the ICW, Fishing Pier where you can watch the fireworks on the fourth, Horseshoe Pits, Wildflower Garden, Volleyball courts, Multiple playing fields including tennis, pickleball courts, children's playground all with stunning ICW Views and incredible sunrises. Not to mention the 50+ miles of walking and biking paths, multiple parks, and over 100 miles of sidewalks.
The Shores Golf Club is an 18-hole, par-70 course located within the community, with membership available. About four miles south of historic downtown St. Augustine and convenient to US-1 for shopping, grocery, and services and minutes to the beach!
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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%.
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 |
|---|---|---|---|
| May 23, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by COASTAL REALTY PROS LLC | $339,900 | |
| Listed by COASTAL REALTY PROS LLC | |||
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Oct 18, 2021 | Listed by COASTAL REALTY PROS LLC | $280,000 | |
| Listed by COASTAL REALTY PROS LLC | |||
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About St. Augustine Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017