This home is in Morgans Cove, St. Augustine.

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Active·45 days on market·Morgans Cove

113 Shallow Bay Court

St. Augustine, FL 32084

$389,000$244/sqftEst. $1,977/moMLS# 2148082

Beds

Baths

1,596

Sq Ft

2023

Built

Garage

Pool

About this home

Morgans Cove

BETTER THAN NEW! Easy living with split-bedroom single story plan. Featuring 3 bedrooms, 2 baths, and a 2-car garage, this house is the perfect place to call home. Meticulously lived in, it still smells new! What a great find for a home that feel new but without the build-time or builder cost premiums! Neutral colors, LVP throughout the living space, white kitchen with 42-inch cabinets, stainless appliances, and quartz counters. One of the largest lots in Morgan's Cove and positioned at the top of a cul-de-sac with no neighbors behind you! Located within 10 miles of the St. Augustine Amphitheater and Farmers Market, 7 miles to historical Old St. Augustine, 8 miles to St. Augustine Beaches, only 7 miles to the Aquarium and 9 miles to the outlets! Location is key on this amazing find! Schedule your showing today!

Cost to own

Mortgage calculator

Home Price

$389,000

Down Payment: 20%

$77,800

Interest Rate: 6.55%

Loan Term

Monthly Payment

$1,977

Principal & Interest: $1,977

Est. Taxes & Insurance: $494

Estimated Total Monthly

$2,472

*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 · 6.55% · 30yr$1,977

Property taxesest. at asking price, St. Johns County$518

HOAbilled annually$31

Estimated total, before insurance$2,526/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: $387,900 in December 2023(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$300,757	$248,339	—
2024	$290,633	$240,633	—
2023	$60,750	$60,750	—
2022	$67,200	$67,200	—

2025 property taxes (current owner): $3,854/yr

Estimated taxes if purchased at asking price: ~$6,200/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 X — minimal flood hazard

Flood insurance is typically not required by lenders (always optional).

Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.

Outside all hurricane evacuation zones

This location is not in a designated storm-surge evacuation zone.

Roof: material not specified — year not disclosed (home built 2023)

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

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