Estimated payment $11,689/month
About This Home
Mixed-use property in a prime downtown location in Florida's premier historic destination. This extensively upgraded property is made up of two buildings. One building, circa 1920, consists of a ground-floor commercial space currently used as a restaurant, with two residential apartments upstairs. The upstairs units have separate entrances and parking and are currently occupied with long-term tenants. The Highest and Best Use to maximize rental income could be a conversion to one or two short-term rentals. The proximity and walkability to the Historic area of St. Augustine make this a highly desirable option. The commercial tenant is in a long-term lease and has a reputation as one of the finest restaurants in North Florida! In addition, there is a separate, stand-alone cottage circa 1917, with a long-term tenant. The buildings have strong demand due to the excellent location and on-site parking. Tremendous opportunity to generate stable rental income.
Property Details
Home Type
- Multi-Family
Lot Details
- Lot Dimensions are 50 x 255
Parking
- Private Parking
Home Design
- Frame Construction
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 194110-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,754 | $1,117,340 | $427,000 | $690,340 |
| 2024 | $18,754 | $1,104,952 | $427,000 | $677,952 |
| 2023 | $18,754 | $964,635 | $427,000 | $537,635 |
| 2022 | $6,413 | $340,600 | $183,000 | $157,600 |
| 2021 | $6,096 | $328,596 | $0 | $0 |
| 2020 | $5,814 | $329,090 | $0 | $0 |
| 2019 | $5,592 | $319,107 | $0 | $0 |
| 2017 | $4,676 | $210,792 | $74,725 | $136,067 |
| 2016 | $4,741 | $210,792 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | For Sale | $1,950,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,100,000 | None Listed On Document | |
| Warranty Deed | $457,500 | Estate Title & Guaranty Inc | |
| Warranty Deed | $225,000 | Anastasia Title Services Inc | |
| Warranty Deed | $165,000 | Associated Land Title Group | |
| Warranty Deed | $89,500 | Associated Land Title Group |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,012,500 | New Conventional | |
| Previous Owner | $411,750 | Commercial | |
| Previous Owner | $123,750 | Commercial | |
| Previous Owner | $77,500 | Seller Take Back |
Source: St. Augustine and St. Johns County Board of REALTORS®
MLS Number: 255873
APN: 194110-0000
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