89 Cedar St, Saint Augustine, FL, 32084 | $1,999,999

This amazing property, aptly named At Journeys End, is a six unit contemporary-styled and designer-inspired bed and breakfast, perfectly located in the heart of Downtown St. Augustine’s Historic District. This unique property features four guest rooms in the main house and two guest suites in the detached carriage house. Below the two carriage house suites is a large storage area and owners office space. The property offers all the amenities that modern-day travelers enjoy in a fun Victorian fusion style, including a welcoming sitting room, a bright and cheerful dining room, easily-accessible kitchen and laundry room. Each suite is unique and is themed after an explorer. With multiple indoor and outdoor spaces to enjoy, guests can spread out and feel at home during their stay. Situated on a quiet tree-lined street in Lincolnville, guests are just steps away from fabulous restaurants, nightlife, museums, art galleries, shopping, and a picturesque stroll along the bay front. Additional features, such as 6 on-site designated parking spaces, cameras, smart locks and smart thermostats allow for convenience and peace of mind when welcoming guests. It is no wonder that At Journeys End has been consistently ranked as the number 2 St. Augustine Inn by TripAdvisor, with thousands of 5-star reviews. Whether you envision running a traditional bed and breakfast, or renting the home on a short-term vacation rental basis, this charming inn offers a turn-key business for the savvy investor. Or, bring your ideas and imagination for your own business model or St. Augustine residence. Do not wait - opportunities like these do not become available often. Listing Agents preferred lender will offer 1% of loan amount towards buyers closing cost assistance or rate buydown. To take advantage of offer, buyer must use Edward Carlton from Bayway Mortgage Group for financing.

Features

  • Current Use: Hotel,Motel,Special Purpose,Other-See Remarks
  • Parking: 6-car
  • Cooling: Central A/C,Electric
  • Zoning: RG-1
  • Lot Size: 63 x 142
  • Year Built: 1902
  • Acreage: 0.2
  • Est. Taxes: $32,218
  • MLS#: 243329
  • Days on Market: 126 days
  • Website: https://www.raveis.com
    /prop/243329/89cedarst_saintaugustine_fl?source=qrflyer
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Listing courtesy of COMPASS FLORIDA

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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89 Cedar St, Saint Augustine, FL, 32084

$1,999,999

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 $1,599,999 $1,599,999 $1,599,999
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $2,685 $2,685 $2,685
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,245 $10,245 $14,048
Total Monthly Payment $13,055 $13,055 $16,858

* 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.