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This home is in Palencia, St. Augustine.

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Active

Active·45 days on market·Palencia

16 Derecho Lane

St. Augustine, FL 32095

$640,000$242/sqftEst. $3,300/moMLS# 2151819

Beds

Baths

2,648

Sq Ft

2018

Built

Garage

Pool

About this home

Palencia

WOW! Won't last long. Magnificent Luxury one-story home in the sought-after Palencia community featuring 4 bedrooms, 3 bathrooms, and a 3-car garage. Located in highly desirable St Johns School District, this Executive Collection Jasmine floor plan showcases 10-foot ceilings, crown molding, skylights, upgraded ceiling fans, and smart-home features. The split-bedroom layout provides flexibility for multi-generational living, guest accommodations, or a home office. The gourmet kitchen includes quartz countertops, 42-inch wood cabinetry with pull-out drawers, a Wolf gas cooktop, and Frigidaire double ovens. Enjoy a fully fenced backyard and access to Palencia's exceptional amenities, including pools, splash park, fitness center, tennis courts, golf, pickle ball, bocce ball, and miles of nature trails. Conveniently located near shopping, dining , beaches, boating, fishing, Jacksonville, and historic St. Augustine.

Cost to own

Mortgage calculator

Home Price

$640,000

Down Payment: 20%

$128,000

Interest Rate: 6.69%

Loan Term

Monthly Payment

$3,300

Principal & Interest: $3,300

Property taxes (est.): $852

Insurance (est.): $427

Estimated Total Monthly

$4,579

*30-year loan at 6.69% APR (avg 30-yr rate 2026-08-06, 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 · 6.69% · 30yr$3,300

Property taxesest. at asking price, St. Johns County$852

HOAbilled annually$12

Estimated total, before insurance$4,164/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.

Cost to own

Taxes & assessment

Last sold: $625,000 in November 2022(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$539,029	$488,307	—
2024	$525,101	$475,101	—
2023	$565,517	$515,517	—
2022	$490,846	$269,088	—
2021	$339,368	$259,794	—
2020	$329,086	$255,517	—

Estimated taxes if purchased at asking price: ~$10,200/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.

Hurricane evacuation zone D

Zone D evacuates after zones A, B, C in an approaching storm.

Roof: material not specified — year not disclosed (home built 2018)

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

Solar potential: ~1,781 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