For Sale
$599,900

688 Coral CirSt. Augustine, FL 32080

8-Bed Beachfront Vacation Rental, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $599,900 asking price for this St. Augustine Beach hospitality property.
  • 1,545 square feet, 8 bedrooms, 3 keys, with a 9.83% pro-forma cap rate and $58,995 pro-forma NOI.
  • New construction (2023) located in a prime St. Augustine Beach location, ideal for short-term rentals.
  • Convenient to beaches and historic St. Augustine.
  • Sleeps up to ten guests.

Property Details for 688 Coral Cir

Property type
Hospitality properties
Square Feet
1,545 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
7,841 SF

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.856167883903
Longitude
-81.283869755615
688 Coral Cir, St. Augustine, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
688 Coral Cir
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message