Mixed-Use Estate with Event
New
For Sale
$3,299,000
2900 JOE ASHTON Road, St Augustine, FL 32092
Commercial Sale, St. Augustine, FL
Property Size7,918 SF
Lot Size6.08 Acres
Price / SF$416.65
Days on Market2
Property Features for 2900 JOE ASHTON Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bathrooms
8
Full bathrooms
7
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 3, Bathroom 8
Parking features
Guest, Carport, Gated, Open, Covered
Security features
Security Lighting
Fencing
Fenced
Subdivision
Metes & Bounds
Lot features
Many Trees, Wooded
Directions
From I-95, Travel west on SR 16, turn left & travel west on CR 208, turn right & go north on Joe Ashton Road, property on right. OR, From CR 13, turn left onto Joe Ashton Road, property on left.
Standard status
Active
APN
0138900025/0138900120
Size
7,918 SF
Lot size
6.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3668
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Wall Unit(s), Electric, Multi Units
Water source
Well
Water front features
Lake Front
Water front
1
Amenities
screened swimming pool
pool house with gym
tennis courts
pickleball courts
basketball court
RV/boat garages
storage
Building Details
Year built
1987
Number of units
5
Flooring type
Concrete, Tile
Building materials
Brick, Composition Siding, Frame, Wood Siding
Roof type
Shingle
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
STACEY BURKINS
(904) 591-3638
Added: Oct 14
Last Checked: Oct 15 at 2:06AM
MLS# 2169252
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6.08-acre gated property in St. Johns County combines a renovated 4-bedroom, 3-bath main residence with three guest cottages and an event barn. The barn includes a kitchen, restrooms, and storage. A screened swimming pool, pool house with gym, tennis and pickleball courts, basketball court, two RV/boat garages, and additional storage round out the improvements. The property also includes lakefront grounds and outdoor gathering areas.
The combined offering consists of two parcels and is approximately 20 minutes from historic downtown St. Augustine. Well water and a septic tank serve the property. Its mix of overnight accommodations, event facilities, and recreation features supports consideration for hospitality and event-oriented uses.
The combined offering consists of two parcels and is approximately 20 minutes from historic downtown St. Augustine. Well water and a septic tank serve the property. Its mix of overnight accommodations, event facilities, and recreation features supports consideration for hospitality and event-oriented uses.
Key Highlights
- 6.08 acres across two parcels offered together
- Renovated 4‑bedroom, 3‑bath main residence plus three guest cottages
- Event barn equipped with kitchen, restrooms, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,955
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,019,100
$2.0M
Cap Rate 7%
$1,442,214
$1.4M
Cap Rate 9%
$1,121,722
$1.1M
Market Conditions
NOI Build-Up for 7,918 SF
Gross rent
$190.0K $24.00/SF
− Vacancy
−$28.5K −$3.60/SF
EGI
$161.5K $20.40/SF
− OpEx
−$60.6K −$7.65/SF
NOI
$101.0K $12.75/SF
Area
St. Johns County, FL
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,019,100
Cap Rate 7%
$1,442,214
Cap Rate 9%
$1,121,722
Alternative Uses
Best Use
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,955 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$884.1K
$773.6K – $1.03M
NOI $61,887 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,845 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 32092, FL
43,691
Population
18,403
Households
2.4
Avg Household Size
40
Median Age
49%
College-Educated
94%
High-School Grad
124.1 sq mi
ZIP Area
352
Density / Sq Mi
$122,655
Median Household Income
$58,855
Median Earnings
$2,087
Median Rent
$464,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple lodging buildings, recreation amenities, and event space support a range of hospitality uses.
Where is this mixed-use property located?
The property is located at 2900 JOE ASHTON Road St Augustine, FL.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: 6.08 acres across two parcels offered together; Renovated 4‑bedroom, 3‑bath main residence plus three guest cottages; Event barn equipped with kitchen, restrooms, and storage
