Purchasing Condo Units
Several decisions should be considered before even looking at condo units to purchasing. One of the first things is do you own a pet and do you plan on having your pet with you when you come to your condo. Condo complexes never allow renters to bring pets, some condo complexes allow owners to have pets, however sometimes there is a limit on the number of pets or size/weight restrictions. I have compiled a list that is complete as of June 24, 2014. You may check the list by clicking on Pet Policies. A word of caution, always before deciding on a condo complex, have your realtor check on the current pet restrictions. They sometimes change.
The next decision will be to decide if you want to sometimes rent out your unit for a short term. Short Term is defined as less than six months. You should also note that if you decide to purchase a condo that allows short term rentals, the State of Florida collects sales taxes on the rents. Most management companies will take care of this for an owner. Different condo complexes allow vacation rentals, long term rentals and some of them allow both. You will be given the opportunity to read the condo documents prior to purchasing a condo. It is important that you read, check and understand these condo documents and agree with them because you will have to abide by these rules. Some units have garages, some have boat slips, some have clubhouses, swimming pools and exercise rooms and some have direct beach access. Once you have decided on a long or short term condo complex, click on Condo that allow short term rentals, condo that allow long term rental and condo that allow both. You can then look at them. I have also listed the various items that the complexes provide.
If you decide on a condo complex that allows short term rentals, most of them have management companies in place. Generally speaking short term is located at the beach and if a unit is on the rental program year around, you can expect to potentially earn from $15000 to $20000 gross per year. If you are looking at short term rentals you can ask for a rental history of each unit you are looking at. Happy Hunting.
St. Augustine offers a wide variety of condominiums on and near the beautiful sandy beaches of the Atlantic Ocean. Located on Anastasia Island, these condominiums are just a short distance from the historic downtown area in the “Nation’s Oldest City”. If you desire a relaxing environment just steps from the beach, these condos are fit for you!
Search all currently listed mainland St. Augustine condos for sale - includes Casa Bella, Las Palmas, Vista Cove, and many more!
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©2017 Northeast Florida Multiple Listing Service, Inc. All rights reserved. Data last updated: 11/18/2017 5:43 AM PST. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Florida Network Realty are marked with the listing brokerís name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumersí personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.