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$1,899,000

Beds
4
Baths
4.5
sq ft
2,386

5330 Pelican Way, Saint Augustine, FL 32080

5330 Pelican Way

St Augustine, FL 32080

  • 389 days on market
    • Price drop $50,000↓
SEE VIDEO under 'Facts & Features' & 'Virtual Tour'. Castillo del Sol'- A Unique Duplex being sold with the adjacent 4,800 sq ft Vacant Lot. With two fully renovated units, each offering 2 master bedrooms, a living room, and a well-appointed kitchen, this property invites you to embrace beachside living. It's being sold fully furnished, making it a turnkey solution for those seeking a dreamy getaway or a lucrative investment opportunity. Take your lifestyle to new heights as you step onto the sprawling rooftop deck, which spans over 1,000 sq ft, and immerse yourself in the awe-inspiring beauty of the ocean. Equipped with a pergola and a bathroom, this space is designed for unforgettable sunsets and elegant entertaining. ''Castillo del Sol'' is brimming with modern amenities , including a newer roof, HVAC system, plumbing, and hurricane windows and sliders. The property's outdoor space is a haven for relaxation and recreation, featuring a putting green and lush landscaping. New patio lighting and improved staircase lighting enhance the ambiance. With dehumidification units on each floor, comfort is paramount. This duplex boasts a projected income potential of $110,000 to $130,000 per year, making it an attractive investment opportunity. The adjacent lot expands your earning potential. Create your beachside compound with stunning ocean views, or design an adult playground with an infinity pool, outdoor fireplace, and kitchen. Whether you seek an income-generating gem or a private beachside haven, this duplex offers the perfect canvas for your dreams. Don't miss your chance to experience coastal living at its finest! Duplex is available without the lot, see MLS #1253168

Details

Property type

Single Family Residence

Est. home value

$1,964,313

Lot size

Unknown

Price per sq ft

$796

Year built

1979

Price History

07/23/2024
RealMLS

RealMLS #1253167

Price change
$1,899,000
-2.57%
03/04/2024
RealMLS

RealMLS #1253167

Price change
$1,949,000
-2.5%
10/17/2023
RealMLS

RealMLS #1253167

Listed
$1,999,000

Schools & Community

Elementary school: 

W. D. Hartley

Middle school: 

Gamble Rogers

High school: 

Pedro Menendez

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United States Small Business Admin

Loan start date

March 2017

Original loan amount

$166,400

Est. remaining balance

Not provided

Interest rate

4.09%

Loan type

SBA Participation Trust Deed, 29 year

Seller

Mark Matrazzo and Janice Matrazzo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/09/2024 at 11:20 AM

Listing updated: 10/07/2024 at 4:15 PM

Listed by: JENNY BURNETT, EXP REALTY, LLC Phone #: (904) 501-2019

MLS: RealMLS #1253167

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