Discover a rare opportunity to own one of the last high and dry waterfront estates on Salt Run, located in the charming Light House Park neighborhood on Anastasia Island. This unique property at 65 Busam Street includes a dock and the only covered dock house within the city limits of St. Augustine, offering unparalleled waterfront living.
This estate boasts 4, 044 sq. ft. of living space on just under one acre, spread across two expansive parcels. Built in 1967, the timeless estate features four spacious bedrooms, each with en-suite bathrooms, ensuring privacy and comfort for family and guests. The large kitchen comes with an eat-in dining area, while the formal sunken living room and dining room feature vaulted ceilings and walls of windows, offering abundant natural light and stunning views of Salt Run.
The master suite includes direct water views, his and hers walk-in closets, and ample space for an office or "tackle room" for fishing gear. Additional living spaces include a family room and library, perfect for entertainment and family activities. The dock accommodates up to a 55+ ft vessel with a 6 ft depth at low tide and is equipped with power and water. A four-car garage provides additional space for a workshop or storage. The property also benefits from dual access points from Busam Street and a second lot at the northwest end for ease of entry and exit.
Perfect for boating, jet skiing, paddleboarding, and canoeing, this home is located approximately one mile south of the St. Augustine Inlet, providing quick access to the Intracoastal Waterway and the Atlantic Ocean. This sprawling home is a prime candidate for renovation. With its spacious layout and breathtaking views, you can update and personalize it to suit your tastes. Whether you choose to renovate, add a pool, or even build a guest house, the possibilities are endless.
Experience the best of waterfront living at 65 Busam Street, St. Augustine. This iconic property is waiting for you to make it your own. Don't miss out on this rare opportunity to own a piece of paradise.
**Owner is willing to demolish and remove existing house and garage, at owner's expense, with an acceptable offer. ***
Property is sold in AS-IS only
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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 | $3,160,000 | $3,160,000 | $3,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $2,350 | $2,350 | $2,350 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,496 | $20,234 | $27,745 |
Total Monthly Payment | $22,971 | $22,709 | $30,220 |
* 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.