Property Description

Step into a rare offering where timeless architecture, rich history, and modern opportunity converge. Nestled on a lush, maturely landscaped.30-acre corner parcel with abundant parking, this extraordinary multi-unit estate has been lovingly held within the same family since 1951â??an enduring testament to its character and charm. At the heart of the property stands the iconic 24 & 26 Saragossa duplex; a two-story Mediterranean Revival residence (circa 1910â??1914), originally constructed by C. M. Milburn of St. Augustine. Each residence offers approximately 2,152 square feet of conditioned living space, featuring 3 bedrooms, 1 full bath, and 1 half bath. From the moment you arrive, the double front staircases with ornate cast iron railings set the tone for the craftsmanship found throughout. Inside, a remarkable collection of preserved original details evokes a bygone eraâ??wood floors, intricate moldings, solid wood doors adorned with crystal knobs, pocket doors, and carved staircase posts. Diamond-pane window muntin accents filter the natural light, while mosaic tile entries and a thoughtfully designed staff circulation floor plan with separate hallways and staircases reflect the homes historic functionality. The masonry construction is anchored by a poured concrete foundation and crowned with a classic tile roof and charming cupola, while the inviting open porch with decorative ironwork enhances its architectural presence. A daylit unfinished basement offers additional storage and utility. Complementing the historic duplex are thoughtfully integrated modern additions. The 18 Sevilla guest residence, built in 2016, features 2 bedrooms and 1 bath above a spacious two-car garage with additional storage. Its contemporary design offers a striking contrast, with a metal roof, abundant windows, LVP flooring, and a breezy balcony tucked among the branches of a majestic oak tree. Additionally, a detached studio buildingâ??also constructed in 2016â??includes an additional one-car garage and an 11â?? x 11â?? conditioned space ideal for an artistâ??s studio, workshop, or creative retreat. Zoned RG-1, the property allows for nightly rentals, presenting an exceptional income-producing opportunity with projected short-term rental potential exceeding $125,000 annually (see documentation). All of this is set in a quiet residential enclave inside historic downtown, a short walk to renowned restaurants, the marina, and St. Augustineâ??s most treasured attractions. Recent updates, including tile roof replacement (2006), electrical (2016), plumbing (2007 & 2016), water heaters (2007 & 2017), and HVAC systems (2004 & 2016), provide peace of mind while preserving the homeâ??s historic integrity. A truly one-of-a-kind legacy propertyâ??where old-world elegance meets modern versatility in one of Floridaâ??s most storied coastal cities.