This home is in Madeira, St. Augustine.

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Active

Active·103 days on market·Madeira

227 Tesoro Terrace

St. Augustine, FL 32095

$1,199,999$460/sqftEst. $6,387/moMLS# 2138407

Beds

Baths

2,611

Sq Ft

2024

Built

Garage

Yes

Pool

About this home

Madeira

Experience elevated coastal luxury in Madeira--a private, upscale community offering amazing amenities just minutes from Downtown St. Augustine and Vilano Beach (10 minutes). Built in 2024 by Dostie Homes, this meticulously customized residence showcases 3 large bedrooms, 2.5 bathrooms, PLUS a detached poolside casita featuring a full room and full bathroom--perfect for an in-law suite, guest quarters, game room or private office. Inside, dramatic soaring ceilings and an expansive open-concept design create a light-filled, luxurious atmosphere centered around a chef's kitchen with a massive waterfall quartz island and custom fireplace wall! The outdoor living space is equally impressive, highlighted by an amazing summer kitchen, heated saltwater pool and spa all within a fully screened enclosure for year-round enjoyment. Positioned on a wide, premium lot in an ideal location, this home offers a rare blend of modern elegance, functionality, and refined Florida living.

Cost to own

Mortgage calculator

Home Price

$1,199,999

Down Payment: 20%

$240,000

Interest Rate: 6.55%

Loan Term

Monthly Payment

$6,099

Principal & Interest: $6,099

Est. Taxes & Insurance: $1,525

Estimated Total Monthly

$7,624

*Estimates based on 30-year loan at 6.55% APR (avg 30-yr rate 2026-07-16, Freddie Mac PMMS via FRED). Actual payments 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 · 7.0% · 30yr$6,387

Property taxesest. at asking price, St. Johns County$1,597

HOAbilled monthly$142

Estimated total, before insurance$8,126/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, SilverLeaf, eTown…), bond assessments are collected on the property-tax bill — the tax estimate above reflects county averages, so confirm this home’s exact CDD with us.
• 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

Last sold: $984,800 in May 2023(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$855,295	$684,147	—
2024	$250,000	$250,000	—
2023	$135,000	$135,000	—

2025 property taxes (current owner): $16,468/yr

Estimated taxes if purchased at asking price: ~$19,200/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 — year not disclosed (home built 2024)

Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.

Solar potential: ~1,723 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

Informational only, based on FEMA National Flood Hazard Layer and Florida Division of Emergency Management data at this property’s coordinates. Zones change with map revisions — verify the parcel at msc.fema.gov and floridadisaster.org/knowyourzone before relying on this.

History