$959,000
585 MARKET Street, St. Augustine, FL 32095, St. Augustine, FL 32095
Palencia
- Price
- $959,000
- Beds / Baths
- 4 / 5
- Living area
- 3,916 sqft
- Year built
- 2007
- Type
- Townhouse
- Lot
- 0.05 ac
- Garage
- 2
- HOA
- $499/mo
- CDD
- Yes
- Flood zone
- Unknown
- County
- St. Johns
- Days on market
- 19
- Elementary
- Palencia
- Middle
- Mill Creek Academy
- High school
- Allen D. Nease
$245/sqft asking, vs a $213/sqft median across 153 closed sales in 32095 over the last 12 months — 15% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Fully renovated upscale mixed-use (residential & commercial) townhome performing as a solid 7 Cap with long-term tenants. Excellent investment in a community that's very central and growing fast in demand due to it's location and prime amenities (tennis, gym, pools, sauna, steam room, community center). With it being surrounded by a Hines designed private golf course it serves up stable value and growth potential. Association is very well managed/funded and property insurance, maintenance, annual fire inspections and water are included in association dues.
What to check on this one
- Confirm exact flood zone designation and obtain elevation certificate if AE/VE.
- Review 19-year roof inspection report; verify insurer will cover at current age.
- Get CDD bond payoff amount and remaining term from county.
- Obtain full HOA financials, reserves study, rental-use policy for investment operation.
- Verify commercial lease terms, tenant stability, and lease expiration dates.
- Confirm property insurance is truly included in $499/mo HOA; get written proof.
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 $767,200 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 EXIT MAGNOLIA POINT REALTY. Data via realMLS (Northeast Florida MLS), updated Aug 23, 2026, 6:56 AM.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.