500 Seagate Ln, Saint Augustine, FL, 32084 | $2,400,000

Nestled at the end of the cul de sac of Seagate Lane South in North Beach, this oceanview two-story home offers a rare blend of comfort, style, and exceptional potential for redevelopment. Built in 2000 and set on an acre of land, the property boasts over 3, 690 square feet of finished living space perfect for multigenerational living or investment opportunity. In addition to the spacious interior, the home features open porches, a third floor roof deck, and an oversized three-car garage. A long private driveway winds past mature tree canopies and a fenced-in pool with a pavered patio surround, creating a private coastal retreat. The first floor unit has its own front entry and is set up as a separate apartment that welcomes you with 2 bedrooms, a full bathroom, and an open kitchen with dining and living area that open out to a back patio space and fenced yard. Inside the unit, you have access to the spacious garage, as well as interior stairs that can be opened up or locked off to the main house upstairs. The second floor has its own grand entry and the main home opens into a tiled main entrance with an open-concept living area, and stunning ocean views. The French doors, flanked by large windows, lead to a spacious open deck with a third floor walkup to the viewing tower for panoramic views of the shoreline and intracoastal waterway. This upper level features a split floor plan with 3 bedrooms and 2 bathrooms, an office, and an expansive kitchen space with an extended cabinet system into an eat-in kitchen with glass-front displays, and a breakfast nook. A dedicated separate dining area and a well-equipped laundry room with ample storage add everyday convenience. The owner’s suite is a peaceful haven with French doors opening onto the deck, a large bathroom with double vanities, a walk-in shower, and a soaking tub. Practical amenities include a gas fireplace, whole-house gas generator, electric & gas heater on pool, a roof replaced approx 4 years ago, newer windows, and a septic system that was pumped approx two years ago. The property falls under RG-1 zoning with a future land use designation of Residential Coastal (Res-C), allowing up to four units per acre. Neighboring parcels have capitalized on this potential with four townhomes each. This lot may be subdivided to accommodate an additional main dwelling or, without subdivision, an accessory family unit can be added—confirmed in writing by St. Johns County (attached in documents). Located just behind the oceanfront row of homes on a quiet street, this rare offering combines immediate coastal living with long-term development potential—ideal for a family retreat, an investment, or both.

Features

  • Bedrooms: 5
  • Baths: 3 full
  • Lot Size: 42689
  • Year Built: 2000
  • Approx Sq. Feet: 3,690
  • Acreage: 0.98
  • Lot Size: 42689
  • Est. Taxes: $5,066
  • HOA Fee: $60
  • Lot Desc: Ocean View
  • Elem. School: Ketterlinus
  • Middle School: Sebastian
  • High School: St. Augustine
  • MLS#: 253189
  • Days on Market: 234 days
  • Website: https://www.raveis.com
    /eprop/253189/500seagateln_saintaugustine_fl?source=qrflyer
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Listing courtesy of GREAT EXPECTATIONS REALTY

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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500 Seagate Ln, Saint Augustine, FL, 32084

$2,400,000

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 $1,920,000 $1,920,000 $1,920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.086% 5.972%
Monthly Tax Payment $422 $422 $422
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,902 $11,511 $15,944
Total Monthly Payment $11,449 $12,058 $16,491

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.