2223 ASTOR Street, Orange Park, FL 32073
$10,550,000
Property Type:
Residential Income
Bedrooms:
99
Baths:
162
Square Footage:
100,339
Status:
Closed
Current Price:
$10,550,000
List Date:
8/29/2018
Last Modified:
1/16/2025
Description
Extraordinary opportunity on the St Johns River next to Club Continental. Consists of 60 of the 76 condominiums at Villas Continental and Yacht Club plus two 12 unit waterfront apartment buildings. The property is nestled among century old oak trees with stunning views of the St Johns River. Approximately 7.5 acres of land with 720 feet of waterfront. Current amenities include private boat ramp and fitness center plus the option for residents to join Club Continental with easy access to pool, tennis, restaurant and bar. Turn-key income producer with stable current tenant base, below market rents allowing for immediate upside, city water and sewer service and onsite sales/leasing office. The development possibilities of this property are endless. Actual bedroom count is 197.
Supplements: With only 16 individually owned condos, it affords the new owner a realistic opportunity to acquire the whole development. Thus, allowing maximum flexibility and significantly increasing the value of the asset. Property previously had a 30-slip marina in the protected yacht basin that new owners may be able to rebuild.
More Information MLS# 935563
Contract Information
Current Price: $10,550,000
Sold Price: $10,550,000
Status: Closed
Listing Contract Date: 2018-05-08
Location Tax and Legal
Street Number: 2223
Street Name: ASTOR
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32073
Subdivision Name: Villas Continental
MLS Area Major: 137-Doctor's Lake
General Property Information
Number Of Units Total: 84
Bedrooms Total: 99
Bathrooms Total: 162
Bathrooms Full: 162
Living Area: 100339
Living Area Source: Public Records
Year Built: 1968
Pool Private YN: No
Water Body Access YN: No
Water Frontage Feet: 720
Waterfront YN: Yes
Stories Total: 3
Stories: 3
Directions: Take 295 to Hwy 17 South (Roosevelt). Left on Milwaukee Avenue. Go to end of the street and entrance will be towards right.
Public Remarks: Extraordinary opportunity on the St Johns River next to Club Continental. Consists of 60 of the 76 condominiums at Villas Continental and Yacht Club plus two 12 unit waterfront apartment buildings. The property is nestled among century old oak trees with stunning views of the St Johns River. Approximately 7.5 acres of land with 720 feet of waterfront. Current amenities include private boat ramp and fitness center plus the option for residents to join Club Continental with easy access to pool, tennis, restaurant and bar. Turn-key income producer with stable current tenant base, below market rents allowing for immediate upside, city water and sewer service and onsite sales/leasing office. The development possibilities of this property are endless. Actual bedroom count is 197.
List Price/SqFt: 127.46
Sold Price/SqFt: 105.14
Status Change Information
Major Change Timestamp: 2018-09-27T20:58:38Z
Major Change Type: Status Change
Purchase Contract Date: 2018-08-29
Close Date: 2018-09-27
Close Price: 10550000
Historical Information
Public Historical Remarks 1: Number of Units-50 - 100 Units: Y, # 3 Bedroom Units: 35, # 1 Bedroom Units: 6, Utilities-Common Water: Y, Type-Sngl Family-Attached: Y, Type-Multi Units: Y, Condominium: Y, Lot Location-Suburban: Y, Waterfront Description- Access to Ocean: Y, Waterfront Description-2'-6'Depth: Y, Number of Buildings: 4+ Buildings, Present Rental Terms: Year, Two Bedroom Rentals: $1001 to $1500/Month, One Bedroom Rentals: Over $600/Month
Public Historical Remarks 2: Lot Description-Bulkhead: Y, # 2 Bedroom Units: 43, Utilities-Common Sewer: Y, Type-Garden Apartment: Y, Lot Description-Water Access: Y, Three Bedroom Rental: $1001 to $1500/Month,Over $1500/Month
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Refrigerator; Washer
Cooling: Central Air
Heating: Central
Lot Features: Other
Parking Features: Covered; Detached; Guest
Pool Features: None
Possession: Other
Road Surface Type: Asphalt
Roof: Shingle; Tile
Sewer: Public Sewer
Utilities: Separate Electric Meters
View: River; Water
Water Source: Public
Waterfront Features: Creek; Navigable Water; Ocean Access; Ocean Front; River Front
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Last Updated: January - 16 - 2025
Information deemed reliable but not guaranteed.