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Located in the heart of Davis Shores, 9 Menendez Rd offers a rare opportunity to own one of the largest parcels in this sought-after neighborhood. Spanning 0. 54 acres, this property provides endless possibilities, including the potential to subdivide the back parcel into a separate building lot (with City approval) or create additional spaces like a detached garage, ADU, or pool house. With NO HOA restrictions, this home is ideal for those with RVs, boats, or other outdoor equipment. The nearby Lighthouse Park Boat ramp is just half a mile away, making it a perfect location for those seeking easy water access. The home's unique duplex layout offers flexibility for multigenerational living or the chance to offset expenses by living in one unit and renting the other. The main floor spans approximately 1, 800 square feet and features three bedrooms, two bathrooms, hardwood floors, a fireplace, and an updated kitchen. Upstairs, a private efficiency apartment includes a large bedroom, full bath, and kitchenette, perfect for guests or additional rental income. Currently operated as "The Lighthouse Retreat, " this property is being sold as a turnkey vacation rental, complete with furnishings, linens, and future bookings. Outside you’ll find expansive decks in both the front and back, a fully fenced backyard, and a small pool for those warm summer days. The high elevation and lack of flood history offer peace of mind, while the proximity to historic downtown, local restaurants, St. Augustine Amphitheater, and the beaches ensures easy access to everything the area has to offer. If you're looking for a spacious family home, an income-generating property, or the possibility to expand, 9 Menendez Rd needs to be on your radar!
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $973 | $973 | $973 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,040 | $4,199 | $5,351 |
Total Monthly Payment | $5,105 | $5,264 | $6,416 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.