Home for Sale at 408 Redbay, St Augustine, FL 32092

408 Redbay
St Augustine, FL 32092

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Property Details

List Price:	$1,050,000
Beds:	5
Baths:	4
Status:	Active
SqFt:	3616
Agency:	Keller Williams - St. Augustine

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	Nestled within the tranquil Royal Pines community at World Golf Village, this custom home boasts unparalleled luxury and meticulous craftsmanship on a sprawling estate lot tucked away in a serene cul-de-sac adjacent to a lush wooded preserve. Offering 5 bedrooms, 4 baths, and a 3-car garage, this residence epitomizes refined living. Spanning a generous 3,616 square feet, this home features a luxurious primary suite and 2 well appointed secondary bedrooms on the main floor, with a private bonus suite upstairs. A spacious kitchen adorned with custom cabinetry featuring under & over cabinet lighting is truly the heart of the home. A generous working island with a Wolfe induction cooktop and a 48-bottle wine cooler will soon be a favorite gathering spot. Stainless GE Cafe appliances, Scotsman Ice Maker and plenty of granite counter space for preparing a quick bite or gourmet meal will cater to all culinary enthusiasts.The breakfast nook is both light filled and practical, while the stunning family room seamlessly connects to the gourmet kitchen and screened lanai, perfect for entertaining. Renovations and upgrades include a newer roof (2018), replacement of (3) A/C units (2021 & 2023), pool demarcate (2022), and new pool equipment (2021). French doors lead to the screened lanai and covered patio, extending the living space outdoors. Your resort style pool is a captivating oasis that beckons with its shimmering waters, waterfall and promises of relaxation and enjoyment. Outdoor entertaining is further complemented by a Summer Kitchen with gas grill (replaced 2022), and Travertine tile pool deck. The primary suite is a welcome retreat with a lighted decorative niche, double trey ceiling and sitting area overlooking the serene natural area behind the home. Ensuite primary bath offers expansive dual walk-in closets with closet organizers, walk-in Tile shower, jetted Garden soaking tub and his/ her vanities. Additional features of the home include a downstairs guest suite/office, 2 secondary bedrooms w/ Jack n Jill bath, a private upstairs bedroom with attached bath that could easily be used as a flex space to fit your needs. With fabulous curb appeal and a courtyard entry garage, the property is located on a quiet cul-de-sac surrounded by preserve on the side and back of the home. Residents of Royal Pines enjoy access to King & Bear resort-style amenities and are zoned to the highly-rated St. Johns County schools. Amenities include a Clubhouse, Pool, Fitness Center, 2 championship Golf Courses, The First Tee Golf Academy, Tennis, Pickleball, Playground & Jogging Path. Ideally located just a short drive to fun & relaxation in historic St Augustine or at one of the beautiful white sand beaches of St Augustine and Ponte Vedra. Nearby medical facilities include a new Baptist / Wolfson Emergency & Imaging Center, St Vincents Hospital & Flagler Urgency Care center. Shopping and dining options abound all within 10-15 mins including both a newly built Publix and Costco. This special home offers a coveted blend of luxury and convenience in a one-of-a-kind picturesque setting, don't wait book your tour today!
MlsNumber:	2020110

Listing Provided By:	Keller Williams - St. Augustine, original listing
Name:	Keller Williams - St. Augustine
Phone:	(904) 797-7442
Office Name:	Keller Williams - St. Augustine
Office Phone:	(904) 797-7442
Agent Name:	Christina Welch
Disclaimer:	Copyright Â© 2024 Keller Williams Realty, 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing