6287 Costanero Rd St. Augustine, FL 32080

This exceptional 2-story, 2,511 sq ft property in St. Augustine, FL, presents a lucrative investment opportunity. Boasting 20 beds across two units, this 2024-built home offers high-end finishes including LVP flooring, a gourmet kitchen with quartz countertops and custom backsplash, and hurricane-rated windows. The expansive property features a refreshing in-ground pool, a spacious pavered patio, and a private floating dock providing navigable access to the Intracoastal Waterway. Deeded beach access to Treasure Beach adds significant value. The property sits on a 0.28-acre lot with permitted RES-Mixed zoning and includes a 4-car garage. The pro-forma NOI is $76,718, with a 6.50% cap rate and an asking price of $1,179,900. The property is currently available for occupancy on April 30, 2024. This turnkey investment is ideal for short-term rentals (Airbnb, VRBO), a bed and breakfast, or a personal vacation retreat. The potential for expansion with other nearby properties to create a larger rental complex is also a significant advantage. This unique combination of luxury amenities, prime location, and strong investment potential makes this property a truly exceptional offering.