522 Arricola Ave + Guest House, Saint Augustine, FL, 32080 | $749,000

A two-residence property as unique as the city itself, this contemporary home was built to weather both the tides and time with its sturdy construction and high 9' elevation. The home sits high and dry with no history of water intrusion. The upstairs residence commands views of the Intracoastal Waterway from the second and third floor, and the exterior is notable for the Tigerwood & stucco exterior. The first floor main house, more traditional with three bedrooms and two baths, offers vaulted ceilings, eat-in kitchen, two car garage, gated boat parking, and private access to the fully fenced backyard with patio. The two story guest house was added in 2017, and boasts contemporary design, a full kitchen, two bedrooms (non-conforming), two full baths, porch space and stunning views. With two entrances and dedicated laundry for each residence, it's perfectly configured for a primary residence with multi-generational living or two separately permitted short-term rentals. Even better: Live in one and rent the other. Fully furnished and turn-key, move in and start enjoying the St. Augustine life. Opportunities abound here - the home is engineered for rooftop deck, and the access hatch is already installed. With the City of St. Augustine's Coquina Park across the street, the unobstructed view of sparkling water & sailboats is forever. There's plenty of room to grow the rental income. Only used as a vacation rental for a short time, the property grossed $7, 000 in rental income in March 2024. Each unit is currently bringing in $200 - $250/night for a total potential of $400 - $500/night. Davis Shores is perfectly situated at the base of the Bridge of Lions, and the neighborhood offers easy access to both downtown and all Anastasia Island activities. For the nature lovers, the nearby rookery and waterfront draws native birds such as herons, egrets, spoonbills, and wood storks. The main thoroughfare, Anastasia Boulevard, offers an array of bars and restaurants. Lifestyle is everything, and this location offers the farmer’s market, music venues, tennis, boating access, the skate park, a bike ride to the beach, and more all about a mile from your front door.

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