5 Things to Know Before Relocating to St. Augustine
This blog outlines five key considerations for relocating to St. Augustine with tips to ensure a seamless transition.
Exploring The Hidden Gems of St. Augustine, FL
Nestled in the heart of Northeast Florida, St. Augustine isn't just a trove of history and culture; it's a mosaic of hidden wonders waiting to be explored. Beyond its well-known attractions like the Castillo de San Marcos, St. Augustine Lighthouse, and Fountain of Youth, lies a world of lesser-known treasures, each with its own unique story. Join us as we delve into six of St. Augustine's most captivating hidden gems. 1. The Lightner Museum's Secret Gardens Beyond the grandeur of the Lightner Museum lies a secret oasis rarely mentioned in guidebooks. The gardens here are a tranquil haven, where time seems to stand still among the whispering fountains and lush greenery. It's a perfect spot for contemplation or a quiet break, surrounded by the beauty of nature and the echoes of history. 2. Fort Mose Historic State Park Fort Mose Historic State Park is not just a park; it's a testament to the resilience of the human spirit. As the first free African American settlement in the U.S., it offers a poignant and powerful narrative of struggle and triumph. In 1738, the Spanish governor of Florida chartered the settlement of Gracia Real de Santa Teresa de Mose, or Fort Mose for short, as a settlement for those fleeing slavery from the English colonies in the Carolinas. The interactive museum and scenic boardwalk provide a profound educational experience, connecting visitors with a pivotal chapter in American history. 3. The Peña-Peck House Step into the Peña-Peck House, and you step into a storybook of the past. This house, once a residence for Spanish and British royalty, now serves as a window into colonial life. Its antique furnishings, art, and artifacts are not just displays; they are narrators of a bygone era, each with a tale to tell. 4. St. Augustine Distillery The St. Augustine Distillery is a fusion of tradition and innovation. Housed in a restored ice plant, this distillery is not only about tasting exquisite spirits but also about understanding the craft behind them. The tour offers an immersive experience, showcasing the meticulous process of distilling and the passion of the artisans who create these local libations. After the tour, you can grab a bite to eat at the on-site restaurant that’s inspired by the historical period of the early 20th century. The Ice Plant Restaurant + Bar’s craft cocktails feature fresh, house-pressed juices, a wide variety of bitters, specially crafted syrups, and attention to detail down to the ice used. They focus on the art and craft of mixing exceptional local ingredients in precise measurements to create perfect and unique flavor profiles. The farm-to-table restaurant is open for lunch and dinner serving grass-fed beef and burgers, local seafood, with vegetarian options and daily specials. My favorite drink is the Florida Mule and my favorite dish is the fried chicken and hoe cakes! 5. The Colonial Quarter The Colonial Quarter is like a time machine, transporting you back to the days when St. Augustine was a burgeoning colonial outpost. Here, history comes alive through interactive exhibits, skilled artisans practicing centuries-old crafts, and reenactors who bring the colonial era to life. It's an educational and entertaining journey through time, ideal for families and history buffs alike. 6. Anastasia State Park Anastasia State Park is a natural paradise, a world away from the hustle and bustle of city life. With its unspoiled vehicle-free beaches, diverse wildlife, and a plethora of outdoor activities, the park is a haven for nature enthusiasts. It ranks #6 as one of the best state parks in the United States and is known for an assortment of exciting recreational activities, such as kayaking, fishing, paddle boarding, sailing, bird-watching, and simply enjoying the pristine beaches. Sixteen hundred acres of land and four miles of dazzling oceanfront views continue to invite travelers from near and afar. Its inland estuarine tidal marshes, hiking trails, and campsites, along with stores for watercraft rentals and camping supplies, also promise a family-friendly experience. St. Augustine's charm lies not only in its famous landmarks. From tranquil gardens to historic sites and natural wonders, these six hidden gems invite you to explore the lesser-known yet equally enchanting side of St. Augustine. As you wander off the beaten path, you'll discover that the true essence of this historic city lies in these unassuming yet remarkable places. Looking for more local insights? Feel free to reach out. I’m a St. Augustine native and love sharing what makes our city so special.
The Essential Blueprint for Analyzing Real Estate Assets
In the dynamic world of real estate, understanding the nuts and bolts of asset analysis is crucial. Here's a simplified breakdown that can be applied to all property types whether you are an aspiring or seasoned investor. Total Cost Analysis: More Than Just Purchase Price It's not just about the purchase price. Total Cost Analysis is a comprehensive breakdown of all the expenses associated with your investment in addition to what you paid for the asset. You'll have to factor in financing costs (if it wasn't an all cash transaction), construction or renovation expenses (aka "hard costs"), design-related costs and permit fees (aka "soft costs"), and ongoing expenses incurred before the property starts generating revenue, such as property taxes, insurance, etc. (aka "holding costs"). Consider the following steps for a thorough cost assessment: Financing and Soft Costs: Estimating financing and soft costs is pretty straightforward, because you can consult with banks and architects for initial evaluations. The combined total of both types of expenses is typically 15% to 20% of your hard costs. Hard Costs: This can be a little more tricky. It is best to engage an experienced general contractor (GC) with a track record in similar projects (i.e., similar dimensions, quality, materials, etc.) and compare those using a cost per square foot metric for rough estimates. You can then provide architectural plans to your GC for more precision. By following these steps, you can confidently navigate the cost estimation process, whether you're an experienced or first-time real estate investor. Valuation in Today's Market With fluctuating interest rates and the ongoing impact of remote work trends, property valuation has become more sensitive to economic conditions. Property valuation is a pivotal step in the analysis process. There are several approaches you can take and the choice depends on the property type and its intended use. The main approaches include: Sales Comparison Approach: Helps determine a property's value based on market trends by comparing it to similar properties that have recently sold in the area. Income Approach: Considers a property's rental income and it's cap rate,* which is especially useful for rental units or commercial buildings. Cost Approach: Estimates the cost to replace the property with a similar one in the current market. This is the most conservative approach. Most investors use the first two approaches, with cap rate being crucial. There are other advanced models out there, but they are typically reserved for in-depth financial analysis and may not be necessary for an initial assessment. To gauge potential profit, simply subtract the total cost (including any broker fees) from the property valuation. *The capitalization rate (aka cap rate) indicates the rate of return that is expected to be generated on an investment property. It's calculated by dividing the property's net operating income by its current market value. Sensitivity Analysis: Preparing for Variability Why It Matters: Real estate costs and valuations are rarely exact. Sensitivity analysis helps you understand how changes in key variables like cap rate and net operating income* can impact your investment. By adjusting cap rates, sale prices, costs, and NOI, among others, it offers a holistic view of potential risks and rewards associated with your new venture. Sensitivity analysis is an invaluable tool as it prepares you for varying market conditions and ultimately bolsters your investment strategy. To conduct a sensitivity analysis, use 5% intervals for hard costs, soft costs and exit prices to examine five distinct scenarios, including a range of -10%, -5%, 0%, 5%, and 10% deviations in both hard and soft costs. Doing this provides a thorough exploration of multiple investment scenarios and their potential implications. *Net Operating Income (NOI) is a calculation used to analyze the profitability of income generating real estate assets. NOI is gross operating income (total rent plus any other related income) minus operating expenses (i.e., property taxes, insurance, maintenance, utilities, etc.). Final Thoughts Real estate analysis does not have to be complex. You can simplify the process by focusing on total costs and valuation. These fundamental aspects form the foundation of sound decision-making when purchasing a real estate asset. By understanding these factors well, you can navigate the market with confidence, make informed investment decisions, and ensure the financial success of your endeavors. So, prioritize costs and valuation, as sometimes simplicity is the path to success in real estate. And as always, retain an experienced real estate professional to guide you every step of the way.
Top 8 Family-Friendly Activities in St. Augustine, FL
St. Augustine, Florida, is more than a historical gem; it's a family paradise bursting with fun and educational experiences for all ages. This city's unique combination of cultural heritage and family-centric activities makes it a perfect destination for a memorable family vacation or even a place to call home. Let's dive into some of the top family-friendly activities in St. Augustine and explore why this city is a wonderful choice for families. 1. Marineland Dolphin Adventure Marineland Dolphin Adventure, one of Florida’s first marine mammal parks, offers interactive programs with Atlantic bottlenose dolphins and other oceanic wildlife. Visitors can engage in various activities, including swimming with dolphins and learning about marine life, in a facility accredited by several marine conservation organizations. Marineland not only has unforgettable dolphin encounters, but also educates guests about marine conservation and animal welfare. General admission includes access to the Sea to Shore Aquarium, which showcases native and tropical fish species; Ambassador Park, which houses sharks, tortoises, and sea turtles; and Whitney Park, which offers dolphin views from above and under the water. Marineland is located on scenic A1A at the southern end of St. Augustine. 2. Colonial Quarter The Colonial Quarter in the Historic Downtown District provides a captivating journey through four historical periods, showcasing the city's rich heritage. Visitors can immerse themselves in interactive experiences, from exploring a replica 16th-century Spanish ship to climbing a 17th-century watchtower, all while enjoying living history demonstrations and themed exhibits. This two-acre attraction provides a unique blend of education and entertainment, complete with period restaurants and hands-on activities that vividly bring the past to life. 3. St. Augustine Alligator Farm Zoological Park The St. Augustine Alligator Farm, located on Anastasia Island, offers a unique experience as the only place in the world where visitors can see all 24 species of crocodilians. In addition to these reptiles, the park features a diverse range of animals including lemurs, Komodo dragons, toucans, and a sloth exhibit. For adventure seekers, the farm has wildlife shows, live alligator feedings and an aerial adventure course, which includes a thrilling 40-foot controlled free fall known as the “Python Challenge.” 4. Pirate & Treasure Museum Step back in time at the St. Augustine Pirate & Treasure Museum, an immersive 5,000-square-foot experience that brings to life the Golden Age of Piracy in Port Royal, Jamaica. After thriving for five years in Key West, the museum was moved to St. Augustine by Pat Croce, highlighting the city's historical connections to pirates like Sir Francis Drake and Robert Searles. These notorious figures, linked to the city's Spanish fortress, Castillo de San Marcos, played a significant role in the history of piracy and Colonial America. If your family enjoyed this museum, then you should take a short stroll to the St. Augustine Shipwreck Museum afterwards where you can see an exclusive variety of exhibits that uncover some of the world’s most famous and interesting shipwrecks, including the R.M.S. Titanic, the Nuestra Señora de Atocha, the S.S. Central America, the 1715 Spanish Fleet, maritime treasures from China, the Mediterranean, and more. You can also immerse yourself in hands-on activities like the "St. Augustine Treasure Hunt," which offers a fun and adventurous way to explore the history of shipwrecks and their lost treasures. 5. St. Augustine Lighthouse & Museum Discover the enthralling maritime history of Florida's Historic Coast at St. Augustine Lighthouse, where tales of explorers, cultural clashes, and strategic sea routes unfold over 6,000 years. Witness the dramatic founding of St. Augustine amidst fierce battles and the rise of the iconic lighthouse, a beacon of history and navigation. Step into a world where every wave whispers secrets of the past, inviting you to explore more at this historic landmark. Climb the 219 steps to the top of the lighthouse and enjoy 360 degree views of St. Augustine’s incredible landscape. 6. St. Augustine Aquarium The St. Augustine Aquarium, located near I-95 on State Road 16, offers a captivating experience with both indoor and open-air exhibits, including a snorkel adventure in an 80,000-gallon tank full of Florida reef fish. Visitors can engage in interactive activities like touching starfish and feeding sharks at Stingray Cove, and learn about marine conservation through various educational programs. The aquarium has other unique experiences such as snorkeling adventures, nature trails, and educational mazes. 7. Fiesta Falls Mini Golf Fiesta Falls Mini Golf is a unique 18-hole beachside course complete with eight waterfalls and a 65-foot ship, providing an engaging and scenic golfing experience. Perched atop the course, a gazebo offers stunning views of the Atlantic Ocean. The course, open seven days a week, caters to all ages with varying ticket prices and features night games on a lighted course, along with private areas for special occasions. 8. Florida Water Tours Florida Water Tours offers a range of exciting boating excursions, including dolphin tours, sunset cruises, and private charters for special events. Located at Camachee Cove Yacht Harbor near the Vilano Bridge, they have a lot of family-friendly options with free parking. Their tours, such as the Dolphin and Wildlife Adventure, showcase the natural and historic beauty of St. Augustine's waterways, making them a must-visit for both locals and tourists. Why St. Augustine is Perfect For Families 1. A Welcoming Family Environment St. Augustine isn't just a city; it's a community that embraces families with open arms. Here, every street corner, park, and beach seems designed with family fun in mind. Whether you're looking for a vacation spot or considering a more permanent move, St. Augustine's family-centric atmosphere will make you feel right at home. 2. A Journey Through History and Culture Imagine a city where every cobblestone tells a story. St. Augustine, rich in history and cultural heritage, is a living museum that fascinates people of all ages. Explore ancient forts, wander through charming old streets, and discover tales of pirates and explorers that will captivate the entire family. St. Augustine is where history comes alive, igniting curiosity and wonder in children and adults alike. 3. The Schools The public school system in St. Johns County is ranked #1 in the entire state of Florida and within the top 100 in the country. This is truly a county dedicated to creating and securing a productive and fulfilling future for every generation. We take public education seriously, putting children first and allowing them to learn in a way that makes sense. St. Johns County schools offer nationally recognized extra-curricular activities, advanced placement options, and connections to popular universities around the country. If you choose to make St. Augustine your home, you can rest assured that your children will receive the highest quality education a public school system can offer. 4. The Great Outdoors Imagine a place where natural beauty meets adventure. St. Augustine's stunning beaches, lush state parks, scenic trails and vast waterways offer endless outdoor activities. Whether it's a family beach day, a wildlife exploration, a paddle along Moses Creek or a stroll through botanical gardens, there's something here for everyone to enjoy the great outdoors year round. In conclusion, St. Augustine is not just a hub of adventure and history, but also a prime spot for family life. Whether you're considering a vacation or thinking about making this charming city your forever home, the endless opportunities for fun, education, and adventure make St. Augustine an ideal choice. As a managing broker at Endless Summer Realty, I am here to help you find the perfect property that suits your family's needs. Feel free to reach out to me for any real estate inquiries or guidance. We look forward to welcoming you to our wonderful community, where history, culture, and family happiness converge.
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