688 Coral Cir St. Augustine, FL 32080
- Commercial real estate
- 1,545 SF
- 0.18 lot acres
Current Use by Public Records
- Smart ProWash / Pressure Washing Service
Property Details for 688 Coral Cir
- Year built
- 2023
- Lot size
- 0.18 lot acres
- Property size
- 1,545 SF
- Property type
- Commercial real estate
- APN
- 162912-0500
Description
This exceptional 1,545 square foot, single-story villa in St. Augustine, Florida, presents a lucrative investment opportunity. Built in 2023, this property boasts eight bedrooms and three keys, ideal for short-term rentals like Airbnb or VRBO. Located on a 0.18-acre lot in the R-1 zoned Sea Ranch community, it offers a prime location near St. Augustine Beach, shopping, and restaurants, with easy access to historic downtown St. Augustine. The property features a tastefully designed open floor plan with abundant natural light, a modern kitchen with white shaker cabinets, stainless steel appliances, and quartz countertops. Upstairs, you'll find three spacious bedrooms, two bathrooms, and convenient upstairs laundry, plus a balcony. Durable LVP flooring is throughout. The home is elevated for flood protection and includes hurricane-rated windows. The property's strong financial performance is highlighted by a pro-forma NOI of $58,995 and a pro-forma cap rate of 9.83%, with an asking price of $599,900. The property is zoned R-1 and has an APN of 162912-0500. This turnkey operation offers a high return on investment with no HOA or minimum rental restrictions. The property's location and features make it perfect for a primary residence, vacation home, or a high-yield rental investment. The property is ready for immediate occupancy and income generation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.283869755615
- Latitude
- 29.856167883903
