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Located along the quiet, increasingly sought-after stretch of Riberia Street just north of Lincolnville, 251 Riberia offers a rare investment opportunity in the heart of historic St. Augustine. This fully furnished, income-producing property includes three distinct rental units, two garages, private outdoor areas, and ample parking—all just minutes from the waterfront and downtown. Zoned for nightly rentals, it's ready to generate strong returns from day one. The largest unit, “Family Tides, ” is a spacious three-bedroom, two-bath home perched above the garages, with a balcony that looks out over the marina. Inside, a refined coastal palette sets the tone—white cabinetry, granite countertops, stainless appliances, and soft blue hues create a light, breezy feel. The primary bedroom features an en suite bath and generous closet space, while two additional bedrooms share a beautifully updated hall bath. Below, a large, air-conditioned utility space provides room for laundry, storage, or future customization. One of the garages also includes a private entrance, offering potential for conversion into a studio space. Unit B, “The Lookout, ” is a bright one-bedroom apartment with a relaxed, boho-inspired aesthetic. Green walls and coral accents bring a sense of warmth and connection to the natural surroundings. A new GE washer and dryer are included. Beneath it, Unit C—“Déjà Blue”—is a well-designed studio that leans into a more modern, moody style. Deep navy and slate tones, rustic textures, and layered finishes create an inviting atmosphere, with the added bonus of a private, fenced backyard surrounded by tropical landscaping and a spacious seating area. Each unit is fully equipped and styled with a curated mix of comfort and function—stocked kitchens, Smart TVs, bicycles, beach chairs, and more are all included. New AC systems have been installed throughout for year-round ease. Set just a short stroll or bike ride from downtown’s shops, galleries, and waterfront parks—and only a quick drive to the white-sand beaches—251 Riberia offers a rare blend of location, flexibility, and design-forward living. Whether you're building a short-term rental portfolio or seeking a unique multi-unit property to live in and lease, this one stands apart with both substance and style.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $879,200 | $879,200 | $879,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | $1,615 | $1,615 | $1,615 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,061 | $5,271 | $7,360 |
| Total Monthly Payment | $6,801 | $7,011 | $9,100 |
* 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.