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

Overview

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.

Listing Details MLS# 935563

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

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

Contract Information

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

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

More Information

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Source MLS Verified
Last Updated: January - 16 - 2025
Information deemed reliable but not guaranteed.