Home for Sale at 115 INLET Drive, St Augustine, FL 32080

115 Inlet Drive
St Augustine, FL 32080

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Property Details

List Price:	$3,999,000
Beds:	5
Baths:	8
Status:	Active
SqFt:	6986
Agency:	Atlantic Partners Realty St Augustine LLC

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1982
Notes:	Introducing 115 Inlet Dr. an Iconic Davis Shores Waterfront Estate- Perfectly situated with deep water access on Salt Run just off the St. Augustine Inlet and Intracoastal waterway. Breathtaking and upfront water views from almost every room of this 6,980sf residence boasting a total of 5 bedrooms, 8 full baths, a movie theater room, a conditioned gym, a separate workshop, an elevator, gorgeous pool and dock with room for a 65' vessel, plus garages for 4 cars! Currently paused on a full and major renovation for its next owners to complete writing their story with this home. Building plans with features already purchased and onsite with an estimate of cost the purchaser would need to finish this home while adding your touches. Work to date includes but not limited to all electrical and plumbing to pre-drywall condition, updated floor plan framed out with reengineering to an open plan, roof and siding, doors and windows, smart house wiring throughout, front door and garage doors. The 2nd floor deck is over 1,100sf and offers unparalleled views of Salt Run, Anastasia State park and the Atlantic Ocean. Don't miss the opportunity to have a one of a kind waterfront compound in Davis Shores! Location is key, and this home is just a short walk or bike ride away from all the wonderful things St. Augustine has to offer! Conch House Marina is a stones throw away, take a bike ride or walk to Historic St. Augustine, peruse the farmers market at the Amphitheater, stroll through Anastasia State Park, or walk to many great restaurants. We can't wait to see you there!
MlsNumber:	2017706

Listing Provided By:	Atlantic Partners Realty St Augustine LLC, original listing
Name:	Atlantic Partners Realty St Augustine LLC
Phone:	(904) 797-7442
Office Name:	KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST.
Office Phone:	(904) 797-7442
Agent Name:	NOAH BAILEY
Disclaimer:	Copyright Â© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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