$839,500
St. Augustine, FL 32095
MLS# 2106657
Status: Closed
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Property Description
Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants. Currently a 7 Cap. If managed well, at current pace then one should be able to project 3-4% yearly increase in revenue and long-term leases are positioned as such. Short-term rental option for one of three units. Three addresses: 550 MARKET ST - 1070sqft Office 554 MARKET ST - 2350sqft Townhome 359 MIDWAY ST - 550sqft Apartment
Details
Maps
Contract Information
Current Price: $839,500
Sold Price: $839,500
Status: Closed
Listing Contract Date: 2025-09-01
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 554
Street Name: MARKET
Street Suffix: Street
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
General Property Information
Building Area Total: 3916
Building Area Source: Builder
Year Built: 2007
Building Name: Crosswinds at Palencia Live/Work Townhomes
Lot Size Acres: 1
Waterfront YN: No
Stories Total: 3
Directions: Interstate 95 to International Golf Parkway East to US 1 to Palencia Drive to Market Street
Public Remarks: Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants.
Currently a 7 Cap. If managed well, at current pace then one should be
able to project 3-4% yearly increase in revenue and long-term leases are positioned as such. Short-term rental option for one of three units.
Three addresses:
550 MARKET ST - 1070sqft Office
554 MARKET ST - 2350sqft Townhome
359 MIDWAY ST - 550sqft Apartment
List Price/SqFt: 219.36
Sold Price/SqFt: 214.38
Status Change Information
Major Change Timestamp: 2026-05-11T18:14:35Z
Major Change Type: Status Change
Price Change Timestamp: 2025-11-18T01:57:11Z
Purchase Contract Date: 2026-02-03
Close Date: 2026-05-08
Close Price: 839500
Property Features
Lot Features: On Golf Course
Parking Features: Garage
Sale Includes: Building & Land
Listing Office: EXIT MAGNOLIA POINT REALTY
Last Updated: May - 11 - 2026
Information deemed reliable but not guaranteed.