29 & 27A FLORIDA Avenue

Rare development opportunity consisting of two adjacent RG-1 (Residential General - Medium Density) zoned parcels totaling approximately 0.55 acres in the City of St. Augustine. The site is cleared and development-ready with city water and sewer available, offering a strong foundation for a residential or boutique hospitality project in one of Florida's most supply-constrained historic markets. The RG-1 zoning district allows a range of residential and lodging-oriented uses including multi-family dwellings, bed and breakfast inns, rooming or boarding houses, housing for the elderly, and accessory apartments, providing developers flexibility to deliver housing or boutique accommodations near the historic core. Based on current zoning standards, the district allows up to 16 units per acre for multi-family development, subject to applicable development standards including lot coverage, height, and setbacks. The combined parcel size and zoning designation create meaningful potential for a thoughtfully designed residential or hospitality project. The property also benefits from views of the San Sebastián River, the Cathedral Basilica dome, and the iconic Great Cross, reinforcing its connection to the historic character that continues to drive strong tourism and housing demand in St. Augustine. Located near Flagler College, historic downtown St. Augustine, marinas, dining, and cultural attractions, the site sits within one of Northeast Florida's most desirable and historically significant coastal markets. With flexible medium-density zoning, available infrastructure, and a prime location near St. Augustine's historic core, this offering represents a compelling opportunity for developers, hospitality operators, and residential investors seeking to deliver a project in America's oldest city.