$375,000
St. Augustine, FL 32084
MLS# 2117511
1 / 43
Property Description
Rare development opportunity consisting of two adjacent RG-1 -- Residential General, Medium Density -- zoned parcels totaling approximately 0.55 acres in the City of St. Augustine. The site is cleared and development-ready, with city water and sewer available, offering a strong foundation for a thoughtfully designed residential or boutique hospitality project in one of Florida's most supply-constrained historic coastal markets. The RG-1 zoning district allows a range of residential and lodging-oriented uses, including multi-family dwellings, bed and breakfast inns, rooming or boarding houses, housing for the elderly, and accessory apartments. This provides developers with flexibility to deliver much-needed housing or boutique accommodations near the historic core.
Details
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Documents
Contract Information
Current Price: $375,000
Property Sub Type: Unimproved Land
Status: Active
List Price: $375,000
Listing Contract Date: 2025-11-12
Location Tax and Legal
Street Number: 29 & 27A
Street Name: FLORIDA
Street Suffix: Avenue
County: St. Johns
State: FL
Postal Code: 32084
MLS Area Major: 336-Ravenswood/West Augustine
Subdivision Name: Ravenswood
General Property Information
Number Of Lots: 2
Lot Size Acres: 0.57
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Senior Community YN: No
Directions: Turn onto W King St ,Turn right on Palmer Street (heading north) until you reach Florida Avenue.
Turn left onto Florida Avenue property on right.
Public Remarks: Rare development opportunity consisting of two adjacent RG-1 -- Residential General, Medium Density -- zoned parcels totaling approximately 0.55 acres in the City of St. Augustine. The site is cleared and development-ready, with city water and sewer available, offering a strong foundation for a thoughtfully designed residential or boutique hospitality project in one of Florida's most supply-constrained historic coastal markets. The RG-1 zoning district allows a range of residential and lodging-oriented uses, including multi-family dwellings, bed and breakfast inns, rooming or boarding houses, housing for the elderly, and accessory apartments. This provides developers with flexibility to deliver much-needed housing or boutique accommodations near the historic core.
List Price/Acre: 657894.74
Status Change Information
Major Change Timestamp: 2026-02-18T14:23:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-18T14:23:43Z
Property Features
Current Use: Multi-Family; Residential
Lot Features: Cleared; Historic Area
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
View: River
Waterfront Features: Marsh; River Front
Road Surface Type: Asphalt
Road Frontage Type: City Street
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Supplements
Based on current zoning standards, the district allows up to 16 units per acre for multi-family development, subject to applicable development standards including lot coverage, height, setbacks, and all required municipal approvals. This location is further strengthened by continued investment and improvement in the surrounding area. The City of St. Augustine has moved forward with a major public-private parking garage project with local businessman Barry Broudy near West King Street, a reported $100 million initiative designed to help address parking and mobility needs serving the historic district and surrounding neighborhoods. Nearby, the newly identified Ravenswood Park area along the San Sebastián Riverfront adds to the neighborhood's long-term appeal, with public open-space investment and walking-trail potential enhancing the connection between the riverfront, downtown, and the west side of the city. The property also benefits from views of the San Sebastián River, the Cathedral Basilica dome, and the iconic Great Cross, reinforcing its connection to the historic character that continues to drive strong tourism, housing demand, and investment interest in St. Augustine. Located near Flagler College, historic downtown St. Augustine, marinas, dining, cultural attractions, and the growing West King corridor, the site sits within one of Northeast Florida's most desirable and historically significant coastal markets. With flexible medium-density zoning, available infrastructure, proximity to major public and private investment, and a prime location near St. Augustine's historic core, this offering represents a compelling opportunity for developers, hospitality operators, and residential investors seeking to deliver a distinctive project in America's oldest city.
Vacant Land Seller Disclosure 
Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
Last Updated: June - 15 - 2026
Information deemed reliable but not guaranteed.