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8580 Palmo Fish Camp Rd - Spooner St Johns Riverfront Investment Income 2,104 SF Specialty Building Offered at $963,979 CAD at a 9.48% Cap Rate in Saint Augustine, FL 32092
INVESTMENT HIGHLIGHTS
- Beautifully Renovated
- Great for Fishing Adventurers or Vacationing
- Spectacular River Front Views
EXECUTIVE SUMMARY
Enjoy the beauty & tranquility of this lovely waterfront retreat! This amazing property has 2 houses that front on the famous St Johns River at entry of Six Mile Creek. Makes a great 2-unit short-term rental, AIRBNB, VRBO, winter home, or permanent homestead. The 2-bedroom, 2-bath main house features front & back porches, metal roof, 2-car carport, gated entry, fantastic interior/exterior renovations w/luxury vinyl plank flooring, gourmet kitchen with new cabinets, countertops, & appliances, completely updated baths (both with bidets), fine window treatments, new washer/dryer, & more. The separate studio style guest house was completely redone a year ago (raised above flood zone) & has a convenience kitchen, bath w/shower, a TV area with a smart TV. Private updated dock w/boat lift, new bulkhead/sea wall, & public boat ramp 200' from property make this a riverfront dream location. You simply can't find properties like this on the river for less than $1,000,000. Partially furnished.
This is a beautiful property and will do well as long term or short term rental. See proforma Cap and ROI projections in documents. Buyer should verify own use and revenue/expense projections. These are just for illustration purposes.
Meticulously updated & maintained. New bulkhead/seawall inspected & awaiting backfill. Septic system pumped/inspected 5/2025. Some furnishings included & all are negotiable. Electric Vehicle Charger was recently added. Guest house was raised and rebuilt/renovated. 24 notice required for showings.
From I-95 take the Intl Golf Pkwy Exit & turn east. Continue on Intl Gold Pkwy to FL-16. Turn Right. Turn left onto FL-16 W go 1.7 mi then turn left onto County Rd 13 N. Go 1.2 mi & Turn right onto Palmo Fish Camp Rd. Go to end of Rd. Tuen right just before Public Boat Ramp. Property is 150' on left.
This is a beautiful property and will do well as long term or short term rental. See proforma Cap and ROI projections in documents. Buyer should verify own use and revenue/expense projections. These are just for illustration purposes.
Meticulously updated & maintained. New bulkhead/seawall inspected & awaiting backfill. Septic system pumped/inspected 5/2025. Some furnishings included & all are negotiable. Electric Vehicle Charger was recently added. Guest house was raised and rebuilt/renovated. 24 notice required for showings.
From I-95 take the Intl Golf Pkwy Exit & turn east. Continue on Intl Gold Pkwy to FL-16. Turn Right. Turn left onto FL-16 W go 1.7 mi then turn left onto County Rd 13 N. Go 1.2 mi & Turn right onto Palmo Fish Camp Rd. Go to end of Rd. Tuen right just before Public Boat Ramp. Property is 150' on left.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$264,820
|
$125.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$80,197
|
$38.12
|
| Effective Gross Income |
$184,623
|
$87.75
|
| Taxes |
$14,958
|
$7.11
|
| Operating Expenses |
$78,256
|
$37.19
|
| Total Expenses |
$93,214
|
$44.30
|
| Net Operating Income |
$91,409
|
$43.45
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $264,820 |
| Annual Per SF | $125.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $80,197 |
| Annual Per SF | $38.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $184,623 |
| Annual Per SF | $87.75 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,958 |
| Annual Per SF | $7.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,256 |
| Annual Per SF | $37.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $93,214 |
| Annual Per SF | $44.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,409 |
| Annual Per SF | $43.45 |
PROPERTY FACTS
| Price | $963,979 CAD | Building Class | B |
| Price Per SF | $458.17 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment or Owner User | Building Size | 2,104 SF |
| Cap Rate | 9.48% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1984/2022 |
| Property Subtype | Residential Income | Parking Ratio | 4.28/1,000 SF |
| Zoning | RS - Residential | ||
| Price | $963,979 CAD |
| Price Per SF | $458.17 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.48% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 2,104 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 4.28/1,000 SF |
| Zoning | RS - Residential |
AMENITIES
- Waterfront
- Car Charging Station
- Air Conditioning
- Smoke Detector
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8580 Palmo Fish Camp Rd - Spooner St Johns Riverfront Investment Income
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