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Active

Active·121 days on market

223 Pelican Reef Drive

St. Augustine, FL 32080

$479,000Est. $2,442/moMLS# 2137137

Beds

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Sq Ft

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Built

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Garage

Pool

About this home

St. Augustine

Impressive Marsh front lot in Yachtman's Point in Pelican Reef. This exclusive street is the final phase of Pelican Reef and is comprised of beautiful new multi-million dollar homes on spacious lots, all with conservation views. Lot 4 has an expansive marsh view to the rear and 100' of conservation between you and your neighbor to the west. Spread out with well thought out engineered plans that were custom designed for the extra wide lot and will be provided with the purchase.This is your opportunity to save nearly a year of design, engineering, clearing permits and ARB approval as so much of the pre build process and expense has already been completed. Site prep, tree clearing, fill dirt, paid impact fees and paid utility connection fees and ARB approval are complete. According to initial boring by Universal Engineering, the lot can support conventional foundation systems, with reccomended site prep. The tidal creek to the rear leads to the intracoastal waterway.

Cost to own

Mortgage calculator

Home Price

$479,000

Down Payment: 20%

$95,800

Interest Rate: 6.58%

Loan Term

Monthly Payment

$2,442

Principal & Interest: $2,442

Property taxes (est.): $637

Insurance (est.): $319

Estimated Total Monthly

$3,399

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, Freddie Mac PMMS via FRED). Taxes use the county effective rate; insurance is a rough estimate — Florida premiums swing with roof age and flood zone (see the Reality Check). Actual costs may vary.

Cost to own

True monthly cost

What this home actually costs per month at the asking price — not just the mortgage.

Principal & interest20% down · 6.58% · 30yr$2,442

Property taxesest. at asking price, St. Johns County$637

HOAbilled quarterly$140

Estimated total, before insurance$3,220/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$5,867/yr · $489/mo

• 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).

Cost to own

Taxes & assessment

Year	Market value	Taxable value	Change
2025	$300,000	$300,000	—
2024	$275,000	$275,000	—
2023	$315,000	$315,000	—
2022	$313,600	$313,600	—

2025 property taxes (current owner): $5,867/yr

Estimated taxes if purchased at asking price: ~$7,600/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.

Solar potential: ~1,801 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 home

As 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