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59 Cuna Street

St Augustine, FL 32084

5 beds
3 baths
2,042 sqft
2,178 sqft lot
$661 per sqft
1900 build
– on site

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!

Listing courtesy of NEFMLS / SANDBAR REALTY LLC

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# 1249560 —

The Building

Year Built:

1900
New Construction:

false
Development Status:

None
Architectural Style:

None
Roof:

Shingle
Roof Shingle:

true
Stories Total:

2
Stories:

2
Basement:

None
Foundation Details:

None
Building Features:

None
Window Features:

None
Patio And Porch Features:

None
Building Name:

None
Building Area Total:

2042.0

Interior

Rooms Total:

None
Furnished:

Furnished
Interior Features:

None
Flooring:

Vinyl
Fireplace:

No

Room Dimensions

Living Area:

1628.0
Living Area Units:

None
Living Area Source:

Plans

Financial & Terms

Possession:

Negotiable

Location

Directions:

I-95 N,Take exit 318 toward St Augustine,Merge onto FL-16 E, Turn right onto US-1 S/N Ponce De Leon Blvd,Turn left onto Carrera St, left onto Cordova St, right onto Cuna St. Parking off Spanish
Cross Street:

None
Latitude:

29.895597
Longitude:

-81.31408

The Property

Parcel Number:

1982000000
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

None
Property Attached:

No
Zoning:

None
Lot Features:

Historic Area, Other
Lot Size Acres:

0.05
Lot Size SqFt:

2178.0
Lot Size Dimensions:

40x55
Lot Size Area:

0.05
Lot Size Units:

Acres
Current Use:

Commercial, Investment, Mixed Use, Multi-Family, Single Family, Other
Possible Use:

None
Topography:

None
Additional Parcels:

No
Additional Parcels Description:

None
Road Surface Type:

Asphalt
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Legal Description:

CITY OF ST AUG LOT 24 BLK 17 OR5297/250
Tax Annual Amount:

13208.0

Beds

Bedrooms Total:

5

Baths

Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Three Quarter Baths:

None
Half Baths:

1
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=TAsAv4mLnov&Brand=0

Heating & Cooling

Heating:

Central, Electric
Heating:

true
Cooling:

true
Cooling:

Central Air, Wall/Window Unit(s)

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dryer, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Washer

Schools

Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

City Of St Augustine
Pool Private:

No
Pool Features:

None
Waterfront:

false
Waterfront Features:

None
Water Body Name:

None
Pets Allowed:

None

Parking

Garage:

false
Attached Garage:

None
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/14/24 Oct 14, 2024	Price Changed	NEFMLS	$1,350,000	-8.5%
9/6/24 Sep 6, 2024	Price Changed	NEFMLS	$1,475,000	-4.8%
7/6/24 Jul 6, 2024	Price Changed	NEFMLS	$1,550,000	-6.0%

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This multifamily located in Flagler's Model Land, St. Augustine, FL 32084 is currently for sale for $1,350,000. 59 Cuna Street is a 2,042 square foot multifamily with 5 beds and 3 baths that has been on Estately for 426 days. 59 Cuna Street is in the Flagler's Model Land neighborhood of St. Augustine and has a WalkScore® of 90, making it a walker’s paradise.

Listing Courtesy of: NEFMLS and SANDBAR REALTY LLC.

Based on information from the NORTHEAST FLORIDA MLS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. NEFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. NEFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.