Welcome to 5172 Medoras Ave, a 3-bedroom, 2-bath beachside home that offers coastal living with a unique multigenerational layout. With prime location just one block from the beach, this home is positioned for those seeking a relaxed lifestyle or a lucrative short-term rental property. The Biera Mar neighborhood has no HOA, high elevation (no flood insurance required), low county taxes, and convenient beach access every block. This property offers versatility in its layout, featuring two distinct living spaces on each floor. The ground floor is ideal for guests with two bedrooms, a full bath, comfortable living room, and a full kitchen. Whether you're looking for extra privacy or a great rental opportunity, this setup has you covered. Upstairs, the main living area welcomes you with an open-concept design, blending the kitchen, dining, and living spaces into one inviting area. The spacious master bedroom comes complete with an ensuite bath, making it the perfect retreat after a long day at the beach. Recent upgrades include a new roof (2024), a new AC unit (2022), and a fresh coat of exterior and interior paint. The concrete block construction on the ground floor ensures durability, while the inclusion of hurricane shutters means you're prepared for Florida's tropical weather. Location is everything, and this property delivers. You are just steps from the beach, a quick 5-minute drive to the nearest boat ramp, and only 10 minutes from historic downtown St. Augustine, where you can enjoy world-class dining, shopping, and nightlife. Whether you're looking for a primary residence, vacation getaway, or a profitable investment property, this home offers the best of St. Augustine living. Don't miss out on this incredible opportunity to embrace the quintessential Florida beach lifestyle in one of St. Augustine's finest neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $768 | $768 | $768 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,738 | $4,800 | $6,497 |
Total Monthly Payment | $5,598 | $5,660 | $7,357 |
* 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.