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This Crescent Beach home offers a rare opportunity for multigenerational living, featuring two fully independent living spaces under one roof. Perfect for families with aging parents, adult children, or long-term guests, the layout provides comfort, privacy, and flexibility for everyone. Alternatively, continue leveraging it as a high-performing, fully furnished short-term rental—currently generating well over six figures annually. With a professional property manager in place and future bookings already secured, this is a seamless, income-producing asset in one of St. Augustine’s most desirable coastal communities. Just 200 feet from a public beach walkover and 700 feet from a boat ramp, this prime location provides easy access to both the ocean and the Intracoastal Waterway. The main house features an open-concept floor plan with four bedrooms, three full baths, and a chef’s kitchen designed for large gatherings. The separate two-bedroom apartment includes its own full kitchen, living room, private bath, laundry, driveway, and entrance—perfect for generating rental income, hosting guests, or providing a private retreat for extended family. You could significantly reduce your living expenses by living in one unit while renting out the other—an ideal way to enjoy beachside living while making a smart financial move. After a sun-soaked day at the beach, retreat to your private backyard, where a heated saltwater pool and spa offer the perfect place to unwind. Multiple covered outdoor areas provide the perfect setting for grilling, dining, or game-day gatherings. Sitting on 1/3 of an acre, the property includes two large driveways and an oversized two-car garage, offering plenty of space for boats, RVs, and extra storage. With its unbeatable location, built-in rental income, and endless possibilities, this property is packed with potential. The numbers speak for themselves—don’t miss this rare investment opportunity! Schedule your private showing today and see firsthand what makes this Crescent Beach duplex one of the most sought-after investment properties on the market.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $846 | $846 | $846 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,076 | $6,321 | $8,643 |
Total Monthly Payment | $7,047 | $7,292 | $9,614 |
* 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.