58 Saragossa Street, St Augustine, FL

About 58 Saragossa Street

Best investment opportunity in the Historic City. Once the Memorial Lutheran Church, this awe-inspiring property with RG-1 Zoning (nightly rentals allowed) is currently a single family home that is divided into two distinct areas: The Church and The Annex. Built between 1918 and 1930, the redesign of this architecturally significant structure maintains its original context and character. With distinctive pointed windows and a flat steeple, the open living concept is taken to the next level. The entryway leads to a great room with soaring cathedral ceilings, original woodwork details and gracefully-aged hardwood floors. The loft bedroom was once the gallery housing the church bells and music. The annex building, a separate concrete block suite, feels like an urban pied-à-terre with courtyard and beautifully designed new landscape. The home is nestled in the Model Land Company's well-defined neighborhood immediately west of the St. Augustine National Historic Landmark District. This area represents the finest collection of nineteenth and twentieth century Flagler-era buildings in St. Augustine. Recently updated in 2022 with brand new metal roof, upgraded plumbing and electric and more, this income-producing property is operating as a successful nightly short term rental. Don't miss the opportunity to become the new custodian of this notable historic treasure in Historic St. Augustine, FL. The possibilities are endless for this Landmark Historic Church, with the flexibility to convert into two separate highly successful short-term rentals or reconfigure for multigenerational living. Nothing compares.

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