41 1/2 Madeore St, Saint Augustine, FL 32084

Exceptional Historic Multi-Family Estate on a Full Acre in the Heart of St. Augustine. Discover a rare opportunity to own a truly distinctive property in the nation's oldest city. A Massive magnolia, giant juniper, old growth palms and lovely live oak trees help frame a peaceful landscape while only being .6 miles from the center of downtown Saint Augustine. Set on a lush, tree-lined 1-acre parcel within the city limits of historic St. Augustine, this multi-family estate blends timeless charm with income-generating potential and exciting redevelopment possibilities. The property features two renovated, tenant-occupied apartment units, providing immediate rental income. The main house full of vintage character, awaits your vision whether that means restoring it into a romantic showpiece or replacing it to accommodate a larger development (subject to city approval). With multi-family zoning already in place, the options are abundant: expand the existing residences, add new units, create additional green spaces, or build a private family compound. Generous off-street parking, space for gardens or outdoor amenities, and an unbeatable location just minutes from downtown St. Augustine, Flagler College, and the beaches make this a truly valuable offering. Whether you’re an investor, developer, or someone dreaming of a one-of-a-kind generational estate, this property offers endless potential and historic significance. Properties of this size and flexibility rarely come to market in St. Augustine—don’t miss your chance to shape its next chapter.