This home is in Palencia, St. Augustine — a home near Allen D. Nease High School.
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Sold·Closed May 8, 2026·78 days on market·Recent sales in Palencia·Palencia
554 Market Street
St. Augustine, FL 32095
44 more homes for sale in Palencia →Search Palencia on the map
About this home
Palencia
Upscale townhome completely updated in 2021 with new hvac, floors, fixtures, etc. Resort like amenities (tennis, gym, classes, pools, sauna, steam room, etc) and located in the European Village Center by Private Golf Club. Enjoy events and sunsets from your two balconies. Experiential living in Florida at it's best. Great home to live in while you rent the office and apartment to offset your costs. HOA is well funded, organized and your HOA fee covers exterior, roof, water, termite bond and insurance so all you have to maintain is the interior. Currently fully occupied Three addresses: 550 MARKET ST - 1070sqft Office Space 554 MARKET ST - 2350sqft Townhome 359 MIDWAY ST - 550sqft Apartment
Next steps in Palencia
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 (that applies to the reference bill above too).
Storms & insurance
Florida Reality Check
The storm-and-insurance facts every Florida buyer should know up front.
Flood zone not yet determined
Check the exact parcel at msc.fema.gov or ask Krista to pull it.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Evacuation zone not yet determined
Check floridadisaster.org/knowyourzone.
Roof: Tile — year not disclosed (home built 2007)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Solar potential: ~1,824 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 homeThis 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.
Around this address
Nearby, from public data
The closest public beach, park, water access, league fields and grocery store from this home's location.
Closest beach parking
Guana Reserve dirt lot36 min drive · 60 parking spaces
Closest park or preserve
Stokes Landing Conservation Area10 min drive · 1.9 mi of trails
Closest public boat ramp
GTM Guana River Dam Recreation Area – River Access Rampabout 3 mi · Guana River
Closest kayak & paddleboard launch
Nocatee Landing Park – Paddlecraft Rampabout 3 mi · Tolomato River
Closest youth league fields
Palencia Park3 min drive · Baseball
Closest grocery store
Publix5 min drive · 7462 US Hwy 1 N, Saint Augustine
Not from the MLS. Places from FWC, FDEP, the water districts, the counties and the cities; stores from state food permits and each chain’s store list. Distances are straight-line from this home unless a drive time is shown. Fees, hours and access change, so check the agency’s page before you go.
Sun & Light
East-facing backyard — the morning-light lot
The listing reports the home facing west, which puts the backyard on the east side. Today at this address: sunrise 7:32 AM, sunset 6:48 PM.
- The rear takes the sunrise and the gentle morning sun, then goes shaded through the afternoon — the classic comfortable-summer-evening lanai in Florida.
- The front of the home carries the hot western afternoon instead of your living space.
Orientation per the MLS listing; sun paths are seasonal geometry for Northeast Florida, not a shade study — trees, screening, and neighboring structures change the picture on any specific lot.
Cost to own
Taxes & assessment
2025 property taxes (current owner): $10,770/yr
Estimated taxes if purchased at asking price: ~$13,400/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, NEFMLS.
Closed sales
What sold nearby
Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $225/sq ft; this home is listed at $219/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 153 Augustine Island Way, St. Augustine, FL 32095Listed by LPT REALTY LLC | May 2026 | $618,000 | $192 | 4/3.5 | 3,214 | 39 | 0.4 |
| 148 Augustine Is Way, St. Augustine, FL 32095Listed by REALTY ONE GROUP ELEVATE | Apr 2026 | $700,000 | $225 | 3/3.5 | 3,108 | 5 | 0.4 |
| 161 Augustine Island Way, St. Augustine, FL 32095Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | Apr 2026 | $1,175,000 | $360 | 3/3.5 | 3,265 | 64 | 0.4 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.
Features
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: EXIT MAGNOLIA POINT REALTY
Sold by: EXIT MAGNOLIA POINT REALTY (buyer's brokerage)
Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
The neighborhood
About Palencia
Palencia is a neighborhood in St. Johns County, FL (St. Johns County), ZIP 32095.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on May 8, 2026. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.
Text Krista about this saleHomes for sale nearby →20+ years · 500+ closings · NE Florida
Is this home priced right?
Ask Krista and she'll email you her read on how this price compares with recent sales nearby.
Northeast Florida living
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