6287 Costanero RdSt. Augustine, FL 32080

Property Details for 6287 Costanero Rd

Year built

2024

Lot size

0.28 AC

Property size (Sq ft)

2,511 SF

Property type

Hospitality properties

Description

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.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Latitude

29.778

Longitude

-81.258

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