$1,390,000
40 MAGNOLIA Avenue, St. Augustine, FL 32084, St. Augustine, FL 32084
Miramar On The Bay
- Price
- $1,390,000
- Beds / Baths
- 4 / 4
- Living area
- 2,413 sqft
- Year built
- 2023
- Type
- Residential
- Lot
- 0.11 ac
- Garage
- 2
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- St. Johns
- Days on market
- 69
$576/sqft asking, vs a $211/sqft median across 1,092 closed sales in 32084 over the last 12 months — 173% above the area's closed prices. Condition and lot vary; that's what a showing is for.
A rare opportunity for turn-key investment; top rated, Short Term Rental located near historic downtown St. Augustine cash flowing tens of thousands per year. Built in 2023, ''Magnolia View'' located on the picturesque tree-lined street of Magnolia Avenue features 4 bedrooms, 3.5 baths, 2413sqft of living space, heated saltwater pool, wood flooring throughout, stunning kitchen, and impressive master bath with glass enclosed shower, dual vanities, and deep freestanding tub. Walking distance to the shops and restaurants of the Uptown neighborhood, and less than 1 mile to the heart of historic downtown, 2 miles to the beach. No HOA or historic restrictions. This property delivers the perfect blend of luxury, location, and proven returns, making it an exceptional addition to any portfolio. Home next door is also available, same floor plan.
What to check on this one
- Verify short-term rental permit status and city compliance with St. Augustine regulations.
- Confirm flood zone designation and elevation certificate for insurance/financing purposes.
- Review builder warranty coverage remaining on 2023 construction and pool equipment.
- Obtain last 12 months actual rental income statements and occupancy records.
- Inspect pool permit, saltwater system maintenance history, and equipment warranties.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $1,112,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of LINWARD REALTY, LLC. Data via realMLS (Northeast Florida MLS), updated Sep 1, 2026, 2:02 AM.
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