58 SARAGOSSA Street, St Augustine, FL 32084

$950,000 Asking Price

2 beds
3 baths
2,536  sqft
Built in 1918

Best investment opportunity in the Historic City. Once the Memorial Lutheran Church, this awe-inspiring property with RG-1 Zoning (nightly rentals allowed) is currently a single family home that is divided into two distinct areas: The Church and The Annex. Built between 1918 and 1930, the redesign of this architecturally significant structure maintains its original context and character. With distinctive pointed windows and a flat steeple, the open living concept is taken to the next level. The entryway leads to a great room with soaring cathedral ceilings, original woodwork details and gracefully-aged hardwood floors. The loft bedroom was once the gallery housing the church bells and music. The annex building, a separate concrete block suite, feels like an urban pied-à-terre with courtyard and beautifully designed new landscape. The home is nestled in the Model Land Company's well-defined neighborhood immediately west of the St. Augustine National Historic Landmark District. This area represents the finest collection of nineteenth and twentieth century Flagler-era buildings in St. Augustine. Recently updated in 2022 with brand new metal roof, upgraded plumbing and electric and more, this income-producing property is operating as a successful nightly short term rental. Don't miss the opportunity to become the new custodian of this notable historic treasure in Historic St. Augustine, FL. The possibilities are endless for this Landmark Historic Church, with the flexibility to convert into two separate highly successful short-term rentals or reconfigure for multigenerational living. Nothing compares.

Features & Amenities

Interior

General:
Vaulted Ceiling(s)
Appliances:
Refrigerator
A/C:
true, Central Air
Heating:
true, Central

Exterior

Style:
Traditional
Pool:
None
Parking:
On Street

Construction

Roofing:
Shingle
General:
Concrete, Frame, 2

Location

Originating MLS:
realMLS (Northeast Florida Multiple Listing Service)
County:
St. Johns

Lot

Zoning:
2-44 MODEL LAND CO SUB CITY LOT 11 BLK A (EX N68FT, 2036700000
Current Use:
Residential

Utilities

Utilities:
Electricity Connected, Sewer Connected, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
realMLS (Northeast Florida Multiple Listing Service)

This listing courtesy of:
ONE SOTHEBY'S INTERNATIONAL REALTY, ELIZABETH JENNINGS

About Saint Augustine, FL

Housing

Number of Units
80,197
Median Home Value
$302,211
Median Rent
$1,096

19.81% of housing units are renter occupied.

13.61% are vacant.

Commute

Car
64.99%
Public Transportation
0.30%
Walk to Work
1.02%
Work from Home
31.92%
Other
0.90%

The median travel time to work is 19 minutes.

People

Population
160,921
Median Age
45.00
Median Household Size
2.75

Education

High School
25.22%
Associate’s Degree
8.84%
Bachelor’s Degree
23.32%
Graduate Degree
15.35%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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