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Step into a rare offering where timeless architecture, rich history, and modern opportunity converge. Nestled on a lush, maturely landscaped . 30-acre corner parcel with abundant parking, this extraordinary multi-unit estate has been lovingly held within the same family since 1951—an enduring testament to its character and charm. At the heart of the property stands the iconic 24 & 26 Saragossa duplex; a two-story Mediterranean Revival residence (circa 1910–1914), originally constructed by C. M. Milburn of St. Augustine. Each residence offers approximately 2, 152 square feet of conditioned living space, featuring 3 bedrooms, 1 full bath, and 1 half bath. From the moment you arrive, the double front staircases with ornate cast iron railings set the tone for the craftsmanship found throughout. Inside, a remarkable collection of preserved original details evokes a bygone era—wood floors, intricate moldings, solid wood doors adorned with crystal knobs, pocket doors, and carved staircase posts. Diamond-pane window muntin accents filter the natural light, while mosaic tile entries and a thoughtfully designed staff circulation floor plan with separate hallways and staircases reflect the home's historic functionality. The masonry construction is anchored by a poured concrete foundation and crowned with a classic tile roof and charming cupola, while the inviting open porch with decorative ironwork enhances its architectural presence. A daylit unfinished basement offers additional storage and utility. Complementing the historic duplex are thoughtfully integrated modern additions. The 18 Sevilla guest residence, built in 2016, features 2 bedrooms and 1 bath above a spacious two-car garage with additional storage. Its contemporary design offers a striking contrast, with a metal roof, abundant windows, LVP flooring, and a breezy balcony tucked among the branches of a majestic oak tree. Additionally, a detached studio building—also constructed in 2016—includes an additional one-car garage and an 11’ x 11’ conditioned space ideal for an artist’s studio, workshop, or creative retreat. Zoned RG-1, the property allows for nightly rentals, presenting an exceptional income-producing opportunity with projected short-term rental potential exceeding $125, 000 annually (see documentation). All of this is set in a quiet residential enclave inside historic downtown, a short walk to renowned restaurants, the marina, and St. Augustine’s most treasured attractions. Recent updates, including tile roof replacement (2006), electrical (2016), plumbing (2007 & 2016), water heaters (2007 & 2017), and HVAC systems (2004 & 2016), provide peace of mind while preserving the home’s historic integrity. A truly one-of-a-kind legacy property—where old-world elegance meets modern versatility in one of Florida’s most storied coastal cities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,963,000
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 | $1,570,400 | $1,570,400 | $1,570,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.203% |
| Monthly Tax Payment | $2,151 | $2,151 | $2,151 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,290 | $9,542 | $13,252 |
| Total Monthly Payment | $11,566 | $11,818 | $15,528 |
* 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.