33 Grove Avenue's 3 units and the two adjacent lots at 28 W Castillo encompass almost a half acre in the City of St Augustine. Too rare and valuable to separate, it is the last large parcel available, therefore creating the possibility of a large family compound or a myriad of multi uses as zoned by the HP5 designation. The 13 organic raised vegetable beds, 5 fig trees, orange, Meyer lemon, lime and tangerine tree are similar to having your own personal community garden and juice for life!
Currently occupied by the owners, the home has been divided into 3 separate residences, creating an in-law suite in one and a lucrative short term rental in the third. Reimagine this Victorian era home as a single residence by re-installing an interior stairway. (estimate available upon request). The overhead garage apartment could easily become an at home office space or remain a short term rental. Adjacent to the property is a beautiful organic garden that could remain or become a wonderful space for a pool and perhaps another guest house? With the extra two lots there is always a way to generate income in this property if you should so desire. An immediate source of revenue could be a parking lot as the location is in the historic district of St Augustine where there is always somewhere wonderful to stroll, something wonderful to see or eat, and endless entertainment possibilities. Another idea would be to build another multi family residence and add a pool between the original buildings and the new build. Entrepenuers will love the long list of allowed uses of offices, businesses, and more allowed at this location, and entrances on either street can allow an easy access and egress. What better spot to act on your dream than a few lots away from St Augustine's newest hotel? Please see attached docs that include multi-use lists, survey, and more.
|--||New Value: $1,195,000|
|2/18/2021 5:41:00 PM||New Value: $1,195,000|