Property profile

83 Cedar St Saint Augustine, FL 32084

OFF-MARKET
Bed & breakfasts
Property ID
US18-0129777
3,018 SF 0.18 ac lot Built 1890
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents the Penny Farthing Inn, a profitable 9-room Victorian bed and breakfast located at 83 Cedar St, St. Augustine, FL 32084. Priced at $2,250,000, this well-established hospitality business boasts a prime location in the heart of St. Augustine's historic district, just blocks from iconic sites, acclaimed restaurants, and popular attractions. Situated on a quiet street, the inn offers guests a peaceful retreat with on-site parking and beautifully appointed rooms. The inn's personalized hospitality has earned consistent high praise on TripAdvisor, reflecting its strong reputation and loyal clientele. The property combines timeless Victorian charm with modern comforts, creating an attractive destination for visitors. This turnkey operation presents a lucrative opportunity for an investor seeking a well-established and successful business in a highly desirable location. The inn's strong performance and positive online reviews demonstrate its potential for continued growth and profitability. Access is easily gained by turning from King Street onto Granada Street, then onto Cedar Street, where the property is located on the left. This is a rare chance to acquire a thriving hospitality business in one of Florida's most captivating historic cities. The property is classified as Hospitality and Land, with zero separate units.

Property profile

Verified
Property type Bed & breakfasts
Use group BED & BREAKFAST
Year built 1890
Construction WOOD
Total area 3,018 SF
Lot 0.18 ac (7,841 SF)
APN 203300 0000
UPID US18-0129777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bed & Breakfast Restaurant

Location

83 Cedar St Saint Augustine, FL 32084-4311
Saint Augustine metro Census 20400 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.64M

Owner & transaction history

since 2026
7 recorded transactions
2026
$1.9M
2019
$1.6M
2006
$955,182
2004
$864,745
2003
$560,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 83 Cedar St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message