Looking into investing a property in Saint Augustine, FL.

[Alexander Senesac]

Hello! I have a potential airbnb property I am eyeing on and it is located on West King Street. I am looking for some kind of insights from local investors who may be familiar in the area. Is it up and coming neighborhood? Anything I should consider before buy a property?

[Kevin Howard]

@Christian Ehlers Nocatee is an awesome planned community between Jacksonville and St.Augustine however they have restrictions against short term renting. For the most part, any neighborhood with a home owner's association is going to restrict short term rentals (not all but most). If you were wanting to invest in STR then I would highly recommend looking at properties close to downtown St.Augustine and the beaches...these are the two areas that bring tourist to the area and it's where they typically want to stay. Another hot spot with a lot of potential will be the west St.Augustine area (just west of downtown). Downtown is maxed out with the only way to expand being west...I'm buying in the area and fully expect it to boom within the next 5 years. Obviously we're in a "shifting market" so just make sure your numbers work and can handle a slight downturn. I'm always available to help if you need anything in the St.Augustine area.