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6490 Nassau Street
St Augustine, FL 32080
$3,495,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3764
Property Description
This Luxurious Coastal Home Is A True Oasis,Offering Breathtaking Views Of The Intracoastal Waterway And An Array Of Outdoor Living Spaces. Nestled On A 2.28-acre Property,The Gated 5br/4.5ba Residence Boasts 150 Ft Of Prime Water Frontage And Private Deep Water Dock Access That Can Accommodate A 57' Boat. Newly Built,The Home Offers A Serene Retreat While Still Being A Stone's Throw Away From Local Shops,Eateries,And The Beach. The Home Boasts Three Levels Of Expansive Balconies,Taking Full Advantage Of The Picturesque Views And Refreshing Breezes. Surrounded By Mature Oak,Cedar And Palm Trees,The Property's Wide Front Porch,Complete With Rocking Chairs,Invites You To Slow Down And Soak In The Beauty Of Your Surroundings.,Inside,The Open Living Spaces Are Awash With Natural Light,Designed To Enhance The Stunning Views. The Office And Dining Room,Which Seamlessly Connect With The Living Room And Kitchen,Are Perfect For Both Daily Living And Entertaining. The Main Gathering Room Features A 20ft Clear-story Ceiling,A Cozy Gas Fireplace,Custom Built-ins And A Wall Of Sliding Doors That Open To A Covered Porch - Ideal For Dining Al Fresco. The Kitchen Is A Chef's Dream,With A Blend Of White And Wood Cabinets,Creamy Quartz Countertops And A Large Central Island With Seating. High-end Appliances Include An Electrolux Full Refrigerator/Full Freezer,A 6-burner Signature Kitchen Suite Range With Griddle And Double Oven,A Bosch Dishwasher,And A Sink With A View That Will Make Doing The Dishes A Pleasure. The Kitchen Also Includes A Walk-through Butler's Pantry With Custom Shelving And A Built-in Microwave. The First Floor Also Features A Half Bath For Guests,A Utility Room,And The Luxurious Master Suite. The Master Retreat Is Complete With A Vaulted Ceiling And Magnificent Views Of The Intracoastal Waterway,While The Master Bathroom Is A True Oasis With 24x48 Italian Porcelain Tiles,Split Vanities,An Oversized Shower With Dual Shower Heads,And Two Walk-in Closets. The Second Floor Boasts A Guest Bedroom With A Vaulted Ceiling And En-suite Bathroom,A Spacious 18x12 Loft-style Family Room With A Wet Bar And Beverage Fridge,And Two Additional Bedrooms With A Shared Bath. The Second-level Covered Porch,Measuring 33x10,Provides The Perfect Place To Enjoy Sunsets And Stars,And A Staircase Leads To A 3rd Floor 15x10 Bonus Room And Covered Balcony. The Outdoor Areas Of This Magnificent Property Offer Plenty Of Opportunities For Relaxation,Recreation,And Entertaining. With Room For Gardening,Games,A Bench Swing,Fire Pit,Cornhole,Dock Seating,And More,There's Something For Everyone. The Main House Features A Two-car Garage,And There Is An Additional Detached Garage With Two Parking Spots And An Apartment Above That Can Be Used As A Mother In Law Suite Or As You Please. A Circular Drive Connects The Two Structures,And There Is A Detached Shed For Extra Storage. An On-demand Site Generator Is Located Away From The Main Home And Out Of Site. The Gated Entry Ensures Privacy,And There Is A Nearby Public Beach Walkover,Inviting You To Enjoy The Sand And Surf…see You There.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
237301
Location
Address
6490 Nassau Street
City
St Augustine
State
FL
Zip Code
32080
County
SAINT JOHNS COUNTY
Listing
Provider
Atlantic Partners Realty St Augustine LLC, original listing
Name
Atlantic Partners Realty St Augustine LLC
Phone
(904) 797-7442
Office Name
Keller Williams St Augustine
Office Phone
(904) 797-7442
Agent Name
Noah Bailey

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.