7605 A1ASt. Augustine, FL 32080

Property Details for 7605 A1A

Year built

2002

Lot size

1.44 AC

Property size (Sq ft)

10,178 SF

Property type

Land

Property subtype

Hospitality properties

Description

This exceptional 10-room bed and breakfast, situated on 1.44 acres in St. Augustine, Florida, presents a unique investment opportunity. Boasting 10,178 square feet across three stories, this property underwent a complete renovation in 2022 and opened in May 2023. The meticulously renovated inn features 10 upscale en-suite guest rooms, a 3,500 square foot penthouse with a private rooftop deck offering panoramic views of Crescent Beach and the Matanzas River, a pool, outdoor jacuzzi, and an on-site breakfast restaurant. A two-level boathouse with two boat slips and a second-floor entertainment space adds to the property's appeal. The property benefits from 100 feet of Intracoastal Waterway frontage. The current owner has established a strong online presence, resulting in over 6,000 monthly website visitors and numerous 5-star reviews across various platforms. Advanced technology streamlines operations, including automated guest booking, room access, HVAC, and pool systems. The property's current average room rental rate exceeds the area median RevPAR. Significant growth potential exists by developing the five-bedroom penthouse suite and rooftop for additional rental income or event space, potentially generating $3,000-$5,000 per event. This turnkey operation includes experienced staff and established systems, ensuring a seamless transition for the new owner. The property is zoned CHT and has an APN of 1855500280. Asking price is $8,295,000.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Latitude

29.7501

Longitude

-81.2464

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