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Wake up to ocean views and let the coastal breeze set the tone for your day in this fully furnished, income-producing condo located in the gated oceanfront community of Spanish Trace. This two-story unit is designed to maximize both comfort and views, with tile flooring and an open-concept main living area where the pool and ocean take center stage. Upstairs, the oversized primary suite offers ocean views. The large second bedroom features its own private entrance, making it ideal for hosting multiple guests or accommodating two families at once—a rare and valuable layout for both personal use and short-term rental potential. This unit also stands out as one of the few in the community with an in-unit washer and dryer, adding everyday convenience and increasing rental appeal. Spanish Trace is a boutique community with just 48 units, offering a quieter, more private setting while still providing excellent amenities, including a beachfront pool, tennis and pickleball courts, elevators, ample parking, and well-maintained green space. The monthly condo fee simplifies ownership by covering water, cable, exterior insurance, pest control, landscaping, and pool maintenance. Currently used as an income-producing property generating approximately $50, 000 annually, this condo presents a strong opportunity for someone looking to enjoy St. Augustine while offsetting expenses through rental income. Whether you're searching for a personal coastal getaway or a proven investment, this property offers a compelling blend of lifestyle and performance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $439,200 | $439,200 | $439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.873% |
| Monthly Tax Payment | $474 | $474 | $474 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,598 | $2,704 | $3,586 |
| Total Monthly Payment | $3,164 | $3,270 | $4,152 |
* 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.