NOT LISTED FOR SALE

Estimated Value: $461,000 - $504,864

2 Beds
1 Bath
770 Sq Ft
$622/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $420,000 $545 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,901/month

24 Days on Market

Highlights

  • Beach Access
  • Wood Flooring
  • Cottage
  • W. Douglas Hartley Elementary School Rated A
  • Corner Lot
  • Complete Panel Shutters or Awnings

About This Home

As of May 2024

Discover the charm and history of this unique beach cottage, perfectly nestled steps from the ocean in the tranquil community of Summer Haven, east of A1A. This inviting home, filled with natural light, is perfect for someone seeking a primary beach house or an investment treasure allowing nightly rentals. This property stands out with no HOA restrictions and incredible potential on an oversized lot. Rich in history, this cottage once served as the Cove Tavern Hotel, later becoming a cherished guest cottage for visitors of the Mellon family. It has since been lovingly maintained by only two families, preserving its character and historical value. Set on a large corner lot, this cottage presents unlimited potential for customization. The expansive outdoor space has ample boat and RV parking. Being sold AS IS, bring your own visions to life creating a private oasis with room for a pool. Key updates include the metal roof installed in 2020, modern tankless water heater in 2023, and new electrical breakers in 2023. There is a large retractable awning on the back porch that can cover most of the area. The electrical and plumbing were updated in 2013 and there is a convenient ramp leading to the deck. Please be sure to see the 360 virtual tour. Don't miss the chance to own this piece of paradise and turn your dreams into reality. Imagine the possibilities awaiting in this coastal gem.

Last Agent to Sell the Property

Jennifer Holbrook

One Sotheby's Int (A1A Beach) Listed on: 04/10/2024

One Sotheby's Int (A1A Beach)

Last Buyer's Agent

Keto Burns

Southern Realty of St Augustine & Crescent Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,805

Year Built

  • Built in 1924

Lot Details

  • Corner Lot
  • Property is zoned RS-3

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 770 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Complete Panel Shutters or Awnings
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Shed

Schools

  • W. D. Hartley Elementary School
  • Gamble Rogers Middle School
  • Pedro Menendez High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 188750-0010

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,805

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Acreage: 1/4 To 1/2 Acre
  • Class: Residential
  • Closing Price Per Sq Ft: 545.45
  • Construction: Frame
  • Entry Level2: Ground Level
  • Green Features Exterior: Awnings/Shade Shutters
  • Green Features Interior: Tankless Water Heater-Ele
  • Heat: Central, Electric
  • Legal Description: 4-62 Matanzas Inlet Beach Lots A & B (Ex Tri Pt To State) & Lot 18 (Ex E20ft) (Ex Fdot Prcl 104 In Or3152/432) & W5ft Lot C Blk5 Or3666/205
  • Location: East Of A1a
  • Lot Land Type: Corner
  • Lvt Date: 04/10/2024
  • Minimum Lease Term Source: zoning
  • Personal Property: Ceiling Fans, Dryer, Microwave, Refrigerator, Shed, Washer
  • Style: Cottage
  • Type Of Property: Single Family Residence
  • Waste: Septic
  • Year Built: 1924
  • Addnl Marketing Remarks: Key updates include the metal roof installed in 2020, modern tankless water heater in 2023, and new electrical breakers in 2023. There is a large retractable awning on the back porch that can cover most of the area. The electrical and plumbing were updated in 2013 and there is a convenient ramp leading to the deck. Please be sure to see the 360 virtual tour. Don't miss the chance to own this piece of paradise and turn your dreams into reality. Imagine the possibilities awaiting in this coastal gem.
  • Marketing For Public Vw: Discover the charm and history of this unique beach cottage, perfectly nestled steps from the ocean in the tranquil community of Summer Haven, east of A1A. This inviting home, filled with natural light, is perfect for someone seeking a primary beach house or an investment treasure allowing nightly rentals. This property stands out with no HOA restrictions and incredible potential on an oversized lot. Rich in history, this cottage once served as the Cove Tavern Hotel, later becoming a cherished guest cottage for visitors of the Mellon family. It has since been lovingly maintained by only two families, preserving its character and historical value. Set on a large corner lot, this cottage presents unlimited potential for customization. The expansive outdoor space has ample boat and RV parking. Being sold AS IS, bring your own visions to life creating a private oasis with room for a pool.
  • Subdivision Condo: Matanzas Inlet Bch
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Primary Bathroom: Tub/Shower Separate
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 11x12
  • Bedrooms: 2
  • Entry Level: Ground Level
  • Flooring: Wood
  • Kitchen: Dimensions: 15x12
  • Living Room: Dimensions: 15x12
  • Living Sq Ft: 770
  • Master Bedroom: Dimensions: 11x12, On Level: 1
  • Price Per Sq Ft: 545.45

Exterior Features

  • Roof: Metal
  • Stories: 1

Garage/Parking

  • Parking Facilities: Off Street

Utilities

  • Air Conditioner: Central, Electric
  • Water: County

Condo/Co-op/Association

  • Community Features: Beach Access

Schools

  • Elementary School: W. D. Hartley
  • High School: Pedro Menendez
  • Middle School: Gamble Rogers

Lot Info

  • Lot Size: 10,890
  • Zoning: RS-3
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 188750-0010
  • Taxes: 4805.3
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2024
Sold by
Palmetto Cottage Llc
Bought by
Green Palmetto Llc
Current Estimated Value
$478,716

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 8, 2024
Sold by
Mayo Melanie
Bought by
Palmetto Cottage Llc
Seller's Agent
Jennifer Holbrook
One Sotheby's Int (A1A Beach)
Buyer's Agent
Keto Burns
Southern Realty of St Augustine & Crescent Beach
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%

Purchase Details

Listed on
Jul 2, 2012
Closed on
Dec 31, 2012
Sold by
Welch Maureen M and Welch Robert J
Bought by
Mayo David Griffin and Mayo Melanie
Seller's Agent
Patrick Hamilton
Southern Realty of St Augustine & Crescent Beach
Buyer's Agent
Patrick Hamilton
Southern Realty of St Augustine & Crescent Beach
List Price
$205,000
Sold Price
$180,000
Premium/Discount to List
-$25,000
-12.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$130,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2008
Sold by
Welch Maureen M
Bought by
Welch Maureen M and Welch Robert J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Green Palmetto Llc $100 None Listed On Document
Green Palmetto Llc $100 None Listed On Document
Palmetto Cottage Llc $420,000 Action Title Services
Palmetto Cottage Llc $420,000 Action Title Services
Mayo David Griffin $180,000 Paradise Title Of St Augusti
Welch Maureen M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mayo David Griffin $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2024 05/08/24 Sold $420,000 -6.7% $545 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $450,000 +150.0% $584 / Sq Ft
12/31/2012 12/31/12 Sold $180,000 -12.2% $275 / Sq Ft View Prior Sale
10/29/2012 10/29/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $205,000 -- $313 / Sq Ft
Source: St. Augustine and St. Johns County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $4,805 $400,621 $278,460 $122,161
2024 $4,805 $532,788 $400,000 $132,788
2023 $4,805 $531,773 $400,000 $131,773
2022 $3,685 $350,194 $238,000 $112,194
2021 $2,788 $200,030 $0 $0
2020 $2,521 $171,312 $0 $0
2019 $2,521 $163,439 $0 $0
2018 $2,514 $161,569 $0 $0
2017 $2,503 $157,738 $112,500 $45,238
2016 $2,569 $157,295 $0 $0
2015 $2,703 $163,307 $0 $0
2014 $2,548 $151,084 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: St. Augustine and St. Johns County Board of REALTORS®

MLS Number: 240554

St. Augustine and St. Johns County Board of REALTORS®

APN: 188750-0010