203 TESORO Terrace, Saint Augustine, FL, 32095 | $1,079,999

HUGE Community-wide Open House this Saturday, 4/18 from 12- 2pm!!
Why build when you can move into nearly $80, 000 in after market upgrades -- ready to enjoy from day one? 203 Tesoro Terrace is a rare lakefront estate in the exclusive Estate Section of Madeira, set on a premium 70-foot homesite with panoramic lake and distant lighthouse views -- a location that can't be replicated.
Step outside to your private resort: a heated saltwater pool with water features, an expanded paver sun deck, and a custom solid-roof screened pergola with motorized panoramic screens and designer puck lighting -- all enclosed with no-see-um screening for year-round comfort. The fully equipped Coyote outdoor kitchen makes entertaining effortless against a backdrop most homeowners only dream of.
Inside, this Mastercraft Lola model shines with 10-foot ceilings, 8-foot solid doors, and 12-foot sliders that blur the line between indoor and outdoor living. The chef's kitchen features a 36" gas cooktop, upgraded Electrolux suite, under-cabinet lighting, and a secondary prep kitchen -- a rare find that entertainers will love. Custom plantation shutters, whole-home soft water system, smart thermostat and door lock, and soft-close cabinetry throughout reflect the level of care that only comes from those who invested in doing it right. Unlike new construction, this home delivers a fully landscaped, fenced yard with Queen and Sylvester palms, sealed driveway pavers, low-voltage lighting, and a 230-foot artisan irrigation well -- upgrades that take months to complete and tens of thousands to install. And while builder incentives typically require using their preferred lender and title company -- with costs already built into the purchase price -- this seller is offering to pay for owner's title insurance, putting real savings in the buyer's pocket with no strings attached. Perfectly positioned just 3 miles from historic downtown St. Augustine and minutes from Vilano Beach. Community amenities include resort-style pool, fitness center, clubhouse, and a future Intracoastal pier with kayak launch. This is what move-in ready actually means.

Features

  • Amenities: Pool, Clubhouse, Fitness Center, Gated, Jogging Path, Maintenance Grounds, ParkSidewalks, Street Lights, Gated
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Laundry: In Unit, Lower Level
  • Style: Traditional
  • Year Built: 2024
  • Garage: 3-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,951
  • Acreage: 0.39
  • Est. Taxes: $15,561
  • HOA Fee: $426 Quarterly
  • Lot Desc: Sprinklers In Front, Sprinklers In Rear
  • View: Intracoastal, Lake, Pool, Water
  • Water Front: Yes
  • Elem. School: Ketterlinus
  • Middle School: Sebastian
  • High School: St. Augustine
  • Pool: In Ground, Heated, Salt Water
  • Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Water Softener Owned
  • MLS#: 2131100
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /eprop/2131100/203tesoroterrace_saintaugustine_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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Pedro.Delgadillo@raveis.com

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203 TESORO Terrace, Saint Augustine, FL, 32095

$1,079,999

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 $863,999 $863,999 $863,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.251% 6.110% 6.164%
Monthly Tax Payment $1,297 $1,297 $1,297
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,042 $5,180 $7,291
Total Monthly Payment $6,464 $6,602 $8,713

* 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.