This home is in St. Augustine — a waterfront home in St. Johns County.
Pending·398 days on market
8515 Florence Cove Road
St. Augustine, FL 32092
About this home
St. Augustine
SEE VIDEO. The canvas to develop your riverfront dream home on a historic piece of Old Florida. Reside in a segment of William Bartram's 500 acre tract where Bartram attempted to operate a rice farm before abandoning the settlement in 1766. The area would later be part of a 1,000 acre land grant to Captain William Rainsford in 1768, becoming part of many settlements that would evolve along Six Mile Creek. Today, the area represents an example of pastoral Florida charm progressing into an expanding suburban corridor. This 1 acre parcel is your point of departure to the St. Johns River with 100' of SE waterfront exposure. Encompassing 31 lots, Florence Cove is an enclave canopied by live oaks & roaming with peacocks. The 400'+ deep lot offers an area to construct a residence that balances a natural & private location. No HOA. Only a mile away from the forthcoming First Coast Expressway. Building setbacks: 25' front; 8' side; 10' back. See MLS# 2097195 for possible home build.
Cost to own
Mortgage calculator
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
- • In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
- • Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be.
Cost to own
Taxes & assessment
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $280,000 | $242,000 | — |
| 2025 | $487,009 | $230,212 | — |
| 2024 | $234,330 | $234,330 | — |
| 2024 | $488,476 | $223,017 | ▼ $680 |
| 2023 | $234,330 | $234,330 | — |
| 2023 | $458,095 | $215,066 | — |
| 2022 | $210,617 | $205,451 | — |
| 2022 | $440,092 | $207,346 | — |
| 2021 | $186,774 | $186,774 | — |
| 2021 | $328,433 | $199,851 | — |
| 2020 | $189,538 | $189,538 | — |
| 2020 | $318,707 | $196,402 | ▲ $11,160 |
2023 property taxes (current owner): $3,228/yr
Estimated taxes if purchased at asking price: ~$9,200/yr
Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Estimate uses the median effective rate across 1,595 current St. Johns listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), NEFMLS.
Storms & insurance
Florida Reality Check
The storm-and-insurance facts every Florida buyer should know up front.
Zone AE — high-risk flood zone (Special Flood Hazard Area)
Lenders require flood insurance for financed purchases here.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Hurricane evacuation zone A
Zone A evacuates first in a storm — typically coastal and surge-prone areas.
Roof: material not specified
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Septic system (public record) · Private well (public record)
County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.
Source: Florida DOH Water Management Inventory (public record).
Solar potential: ~1,682 usable sun-hours per year
A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.
Krista can connect you with local insurance quotes before you make an offer.
Ask about this homeAs of July 2026, this Reality Check is informational only — it draws on FEMA/FDEM hazard layers, Florida DOH water records, and the listing’s own fields at this property’s coordinates. None of it is a determination, survey, or inspection, and public records can lag or conflict with on-site conditions. Independently verify anything you’ll rely on: the flood zone at msc.fema.gov and floridadisaster.org/knowyourzone (and confirm flood-insurance cost with your lender and a licensed insurance agent), and the sewer/septic, roof, and utilities with a professional inspection.
History
Price & status history
- Aug 4, 2026Pending$575,000
- Jul 1, 2025Listed$575,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
School Information
Community Information
Amenities
Exterior
Additional Information
Listing Courtesy of: WATSON REALTY CORP
Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).
Keep looking
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Your Local Realtor
Krista Fracke
Broker Associate
Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.
Text Krista about this home20+ years · 500+ closings · NE Florida
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Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines