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From the moment you arrive at 1551 Masters Drive, a circular front driveway sets the tone for this truly exceptional property. A rear entrance from Spring Street provides additional convenience with parking for several vehicles, all set on a sprawling 0. 8-acre lot. Built in 1928, this home's rare Coquina block construction -- a signature material of St. Augustine's storied architectural heritage -- offers the kind of durability and timeless character that simply cannot be replicated in modern construction. A durable metal roof adds lasting peace of mind. The main residence offers 3 bedrooms and 2 full bathrooms, where original hardwood floors flow throughout and a wood-burning fireplace anchors the living room, flanked by custom built-ins that add warmth and charm. The updated kitchen is as functional as it is inviting, featuring granite counters, stainless steel appliances, an overhead hood, farmhouse sink, center island, breakfast bar and charming built-in buffet with display cabinet An enclosed rear porch with laundry facilities rounds out the main living space with added flexibility. The primary suite offers a peaceful retreat complete with a large walk-in closet and a spa-inspired bath with separate soaking tub and shower. The secondary bath features a shower. Outdoor living is where this property truly distinguishes itself. A large covered rear deck with a separate spa, and an expansive paver patio with fire pit create an entertainer's paradise -- perfectly suited for enjoying Florida evenings year-round. A detached oversized one-car block garage with metal roof, a garden shed, and ample additional parking provides exceptional utility and storage. County water service plus a separate dedicated irrigation well keeps the lush 0. 8-acre grounds pristine. For those seeking income potential or multi-generational living, the property delivers two outstanding guest accommodations. A detached guest cottage features a bedroom, kitchenette, half bath, and covered outdoor shower with vanity -- currently operating as an excellent short-term rental. An Airstream RV with a large private deck, covered outdoor shower, and carport offers a second lucrative income stream or a one-of-a-kind guest experience -- also currently operating as a successful short-term rental. Rarely does a property combine 1928 historic Coquina construction, nearly an acre of land, expansive outdoor living, and proven income-producing potential in one remarkable package. This is a true piece of Florida history -- and an opportunity not to be missed.
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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 | $411,920 | $411,920 | $411,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $209 | $209 | $209 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,467 | $2,570 | $3,364 |
| Total Monthly Payment | $2,768 | $2,871 | $3,665 |
* 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.