106 11TH Street, Out of Area, FL, 32080 | $1,198,000

Location, lifestyle, and income stream - this exceptional duplex on coveted Anastasia Island offers it all up in style. Ideally located just one block from the beach, and within walking distance to St Augustine Beach's array of cool restaurants, ice cream and coffee shops and the iconic fishing pier, this fully renovated, turnkey property is a gem in a prime coastal location. Commercial zoning permits nightly rentals and the Flood Zone X designation offer both flexibility and peace of mind. Whether
you're looking to enjoy as a holiday getaway in one or both apartments, or continue the current business model, this one checks all the boxes. Two fully remodeled units, the property is sold fully furnished and operating as successful vacation rentals. Unit A (1BR/1BA) features a bright living room, full kitchen with quartz countertops and stainless steel appliances, updated bath with shower/tub combo, and spacious bedroom with dual closets. The private backyard is enclosed with a white vinyl fence and includes a fire pit and outdoor shower, most welcome after a day at the beach. Unit B (3BR/2BA) offers a spacious open layout with a large living room, galley-style kitchen with dining area, two king bedrooms, a third guest bedroom, and two modern bathrooms with walk-in showers. The backyard is a tropical oasis complete with a firepit, outdoor shower, and putting green, all shaded by a majestic Sylvester palm and native coastal plants. Both units are finished with wood plank tile flooring, quartz countertops, modern lighting fixtures, and ceiling fans. The generous pavered driveway provides welcome off-street parking and vibrant tropical landscaping makes for an inviting first impression. Live in one unit and rent the other, or generate income by renting both. With active short-term rental licenses and a proven track record with excellent reviews, this property offers cash flow and long-term potential in one of Florida's hottest beach towns.

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Units: 2
  • Lot Size: 50 x 93
  • Year Built: 1975
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,560
  • Acreage: 0.11
  • Lot Size: 50 x 93
  • Est. Taxes: $11,245
  • Lot Desc: Few Trees
  • Appliances: Electric Range, Microwave, Refrigerator
  • MLS#: 2082824
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/2082824/10611thstreet_outofarea_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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106 11TH Street, Out of Area, FL, 32080

$1,198,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

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
Loan Amount $958,400 $958,400 $958,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.727% 6.540%
Monthly Tax Payment $937 $937 $937
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,823 $6,137 $8,283
Total Monthly Payment $6,885 $7,199 $9,345

* 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.