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    16/18/20 Inlet Pl St Augustine, FL 32080

    Sponsored
    For Sale
    $5,195,000

    Triplex - St Augustine, FL

    Type:Triplex
    Days on Market:
    2
    Last Refresh:
    Jan 21 at 7:06 am

    Property Features for 16/18/20 Inlet Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    RG-2
    APN
    218420-0050
    Pool private
    1
    Interior features
    Ceiling Fan, Dishwasher, Disposal, Garage, Laundry, Microwave, Parking, Range, Refrigerator
    Exterior features
    Pool

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2023
    Building materials
    Block, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Zachary Difilippo

    J&B Masters LLC (904) 471-3930 [email protected]

    Listing agent Zachary Difilippo (904) 471-3900

    Listing date Jan 20, 2026

    MLS# 260357 Listing URL

    Copyright © 2026 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Luxury Triplex Boutique Hotel Opportunity

    This exceptional investment opportunity is located in the heart of St. Augustine, Florida. The property consists of three newly built luxury homes, meticulously designed and sold collectively as an upscale boutique hotel, ideal for hosting multifamily vacations, reunions, corporate retreats, and group events. Constructed in 2023, these coastal properties offer a combined 16 bedrooms and 14 bathrooms. Each home features modern architecture, finishes, and open-concept layouts suitable for entertaining large groups. Two of the homes boast 1,500 sq ft rooftop decks accessible via stairs or private elevators, providing panoramic views. Every residence includes a private heated pool surrounded by secure fencing. The kitchens showcase industrial-sized appliances, extra-large refrigerators, custom cabinetry, and countertops crafted to cater to sizable gatherings and professional events. Constructed with hurricane-resilient materials including fortified concrete block construction, smooth stucco finishes, and impact windows, these properties combine coastal elegance with durability. The location is moments from St. Augustine’s vibrant downtown, iconic lighthouse, beaches, and boat ramps providing access to the Intracoastal Waterway. The property has no HOA restrictions, allowing flexibility for nightly rentals, which could generate revenue streams. Opportunities also exist for rentable boat slips nearby. The zoning is RG-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.293343
    Latitude
    29.890533

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    FAQs

    What type of property is this?
    Short term rental property - Upscale St. Augustine triplex, ideal for multifamily vacations and events.
    Where is this short term rental property located?
    The property is located at 16/18/20 Inlet Pl St Augustine, FL.
    What is the asking price?
    The asking price for this property is $5,195,000.
    What are key features of this property?
    This property features: - Three newly built (2023) luxury homes being sold collectively as an upscale boutique hotel, ideal for group events and multifamily vacations.; - Combined **16 bedrooms and 14 bathrooms**, with expansive, open-concept layouts and gourmet kitchens featuring industrial-sized appliances.; - Two homes feature **1,500 sq ft rooftop decks** accessible via stairs or private elevators, offering panoramic views.
    (904) 471-3900
    Request Owner's contact information
    16/18/20 Inlet Pl St Augustine, FL 32080
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    St Augustine, FL 32080
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16/18/20 Inlet Pl St Augustine, FL 32080
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    We can help!
    Listing Contact
    Zachary Difilippo
    (904) 471-3900
    Learn more
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