288 Las Olas Rd, Saint Augustine
Saint Augustine is the oldest continually-inhabited city established by a European in the United States, St. Augustine was founded in 1565 by Spaniard Pedro Menendez de Aviles. Now a national monument managed by the National Parks Service, the Castillo de San Marcos was completed in 1695 and guarded Spanish shipping lanes for almost a century. St. Augustine served as the capital of East Florida until the United States took possession, which moved it to Tallahassee in 1824.
In the 1880s, Henry Flagler, who built his fortune with Standard Oil, arrived in St. Augustine and began purchasing and organizing the railroads, founding the Florida East Coast Railway. In St. Augustine he built two luxury hotels for those railroad passengers to stay at and enjoy the city and its weather.
St. Augustine is the seat of St. Johns County, one of the original counties organized in Florida. The city is home to over 12,000 and the area is inhabited by more than 60,000. Tourism and healthcare drive St. Augustine's economy. St. Augustine is a popular destination because of its history, beaches, and abundance of nearby golf courses.
St. Augustine's higher education facilities include Flagler College, which occupies one of the luxury hotels built by Henry Flagler, the Ponce de Leon. The newest campus of St. Johns River State College is located just outside of the city. Also in the city is the Florida School for the Deaf and Blind, which provides secondary and post-secondary educations.
Saint Augustine is in North Eastern Florida. It's population as recorded in the 2010 Census was 12,975. Saint Augustine is approximately 36 miles from Jacksonville (population 821,784) and around 22 miles from Palm Coast (population 75,180).
The median age for residents of Saint Augustine is 42.6. Around 17.3% of Saint Augustine households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 84.1% of the Saint Augustine population are White, 11.6% are Black or African American, .4% American Indian, 1.2% Asian and 1.6% are Two or more Races.
There are 6,978 housing units in Saint Augustine. 1,235 (17.6%) of these were reported as vacant in the 2010 Census. Saint Augustine is a tourist destination, 27.7% (343) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,955 residential rental units in Saint Augustine. 2,613 of them were occupied in 2010 providing a residential rental vacancy rate of 10.6%.
Saint Augustine links:
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St. Johns County
St. Johns County is in the northeastern Florida region along with Baker, Clay, Duval, Nassau, Putnam, and Flagler counties. It is one of the original counties that was organized when Florida became part of the United States. It is home to about 60,000.
The county seat is St. Augustine, the oldest city in the United States that was founded by Europeans and is still inhabited. It was established by the Spanish in 1565, who also built a fort, the Castillo de San Marcos, which became operational in 1695. The city was the capital of colonial Florida until the United States established the territorial government at Tallahassee in 1824. The arrival of Henry Morrison Flagler in the 1880s, accompanied by the construction of two luxury resort hotels, signaled the establishment of St. Augustine?s tourist economy.
The county is a major tourist destination. Visitors patronize the many beaches and golf courses throughout the county. In addition, the historical and cultural activities draw many visitors.
The region also includes higher education facilities, including Flagler College and St. Johns River College. The Florida School for the Deaf and Blind, which has a secondary school and a college, is in St. Augustine.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 290 Las Olas Rd | Single Family | 1,239 | B |
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| 286 Sunrise Blvd | Single Family | 1,167 | B |
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| 292 Las Olas Rd | Single Family | 1,588 | B |
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| 289 Las Olas Rd | Single Family | 1,370 | B |
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| 190 E Thrasher Dr | Office building, non-professional service building, one story | 1,648 | B |
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| 291 Sunrise Blvd | Single Family | 1,412 | B |
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| 290 Sunrise Blvd | Single Family | 1,430 | B |
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| 305 Las Olas Rd | Single Family | 1,723 | B |
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| 303 Las Olas Rd | Single Family | 988 | B |
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| 287 Chapel Rd | Single Family | 1,417 | B |
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| 296 Las Olas Rd | Single Family | 2,022 | B |
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| 289 Chapel Rd | Single Family | 1,172 | B |
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| 298 Las Olas Rd | Single Family | 1,654 | B |
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| 52 Sunrise Blvd | Multi-family - 10 units or more | 43,241 | B |
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| 291 Chapel Rd | Single Family | 1,539 | B |
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| 1715 Lakeside Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 15,768 | B |
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| 293 Chapel Rd | Single Family | 1,195 | B |
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| 5150 Ne 151 Ave | Mobile Home | 1,296 | B |
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| 300 Las Olas Rd | Single Family | 1,911 | B |
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| Las Olas Rd | Vacant Residential | 0 | L | |
| 1711 Lakeside Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 18,875 | B |
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Local Household Income
The median household income in this part of Florida is $81,844. The bottom 10% of the population earn less than $27,405 per year. The top 10% earn more than $260,946 per year. The top 1% earn more than $670,788 per year. Most renters earn between $33,720 (20th percentile) and $65,256 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $163,688 and $204,610.
The tax assessed value of this property places it in percentile 20 of all properties in this area. This suggests it would appeal to someone earning around $41,573 per year who should qualify for a mortgage between $83,146 and $103,933.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,068. Most renters earn between $2,810 and $5,438 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $786 (20th percentile) to $1,456 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 20 of all properties in this area. This corresponds to a rent of $786 per month and a monthly household income of $2,810 ($33,720 per year)
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