59 Cuna Street, St Augustine, FL

$1,350,000

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5

Beds

3

Baths

1,628

Square feet

0.05

Acres

Summary of 59 Cuna Street, St Augustine - MLS# 1249560

59 Cuna Street (zip: 32084), MLS# 1249560 is located in the City Of St Augustine neighborhood of St Augustine, FL. This Residential Income home is 1,628 sq. ft., with 5 bedrooms and 3 bathrooms.
This property was constructed in 1900 and has been on the market for 382 days.
The property is currently listed at $1,350,000 and recently experienced a price decrease of $125,000 on October 21, 2024.

Description of 59 Cuna Street, St Augustine - MLS# 1249560

Attention All AVID Airbnb Investors! Come and DOUBLE UP your earnings!! Currently average bookings around 50%-60% and room to hit 75%-100% bookings! Numbers below are after booking & Management Fees. -Just getting started in Sept. 2022 to Dec. 2022 earnings = $24k. -Jan. 2023 to Dec. 2023 earnings = $70k. (3 times more than what was earned in 2022.) -Jan. 2024 to Aug. 2024, earnings = $60k, with bookings through Dec. 2024 estimating an additional $23k. Putting 2024 currently at roughly $83k with more bookings happening daily. (This is 1.185 times more earned than 2023.) -Based on averages we anticipate an additional $7k-$10k of income booked through the end of this year. Putting the annual income close to $95k-$100k.(about 1.428 times more than 2023.) -Future bookings for 2025 are sitting at roughly 11k with about 39 days booked. Increase your bookings to 75% projects $149k annually, and 100% booked at $199k. (Based on averages ran) *Ask for updated numbers. This pre-1900's (1860s) fully furnished turnkey property is located in the heart of our Nation's First and Oldest cities, St. Augustine's historic district and is truly one of a kind! Spending close to half a million dollars, the owner meticulously, lovingly and carefully restored this property, while maintaining its historic charm. You can own this piece of history with peace of mind that as much attention went into the aesthetic as went into the underlying structural integrity. You aren't just getting a property with some minor updates, you are getting a true internally completed restoration & renovation. The renovation includes all new plumbing, all new electrical, all new appliances, new on demand water heaters, a total scrape, repair and exterior paint job , new interior paint, structural inspection and rejuvenation where needed, no cost was spared, owner had intended on owning for the foreseeable future. The total restoration costs for this historical gem were upwards of half a million dollars. (Check out the docs tab for arch plans and more.) The area of Cuna and Spanish Streets just underwent a lengthy beautification process where we are now just next door to the most lovely walking district in all of downtown, quiet, beautiful and still in the middle of it all. The installation not only focused on the aesthetic but greatly improved the infrastructure with new sewer and water lines, a greatly improved drainage system and beautiful streetings and red brick streets. A great area to own downtown, safe and inviting. Currently an active airbnb with prime access to all of what downtown St. Augustine has to offer! Leave it as an airbnb, perfect for large groups of up to twelve, convert to a long term rental, student housing, pad split, commercial retail business or more! With commercial zoning, your possibilities are only limited by your imagination! This property and its amazing history will live on for years to come, with the recent renovations it will stand for another 170 plus years! Owning such a beautiful relic in your portfolio is certainly something to be proud of and one piece of real estate you will NOT regret owning! Schedule your private tour now!

Features of 59 Cuna Street

MLS® # 1249560
Price $1,350,000
Bedrooms 5
Bathrooms 3.00
Full Baths 2
Half Baths 1
Square Footage 1,628
Acres 0.05
Year Built 1900
Type Residential Income
Sub-Type Duplex
Status Active

Community Information : St Augustine

Address 59 Cuna Street
Area 322-Downtown St Augustine
Subdivision City Of St Augustine
City St Augustine
County St. Johns
State FL
Zip Code 32084

Amenities of 59 Cuna Street

Utilities Cable Connected
Is Waterfront No
Has Pool No
Pool None

Interior of 59 Cuna Street

Appliances Dryer, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Washer
Heating Central, Electric
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
# of Stories 2

Exterior of 59 Cuna Street

Lot Description Historic Area, Other
Roof Shingle

Additional Information On 59 Cuna Street

Date Listed September 25th, 2023
Days on Market 446
Foreclosure No
Short Sale No
RE / Bank Owned No
Age Restriction No
New Construction No

Listing Details of 59 Cuna Street

OfficeSANDBAR REALTY LLC

Listing Map of 59 Cuna Street

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59 Cuna Street St Augustine FL 32084 - MLS# 1249560

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