Address: Co Rd 214, St. Augustine, FL 32084, USA
- Up to 200 IL/AL beds or 80 retirement units (previously approved)
- PUD approval expired – reinstatement expected during DD
- 18.1 acres – PUD parcels ALF-1 and ALF-2
- 40 ft height, 25% FAR, 70% impervious max
- 2012 market study: 100 IL + 100 AL units
- Minutes to I-95 via SR 207; 4.3 mi to Flagler Hospital
- About $8,745 per bed at $1,749,000
Property Description
18.1 acres inside the Morgan's Cove PUD at County Road 214 and I-95, west of St. Augustine, previously entitled for up to 200 beds of independent or assisted living, or up to 80 cottage-style retirement units. The senior living use was approved in a 2012 major modification to the PUD and carried forward in 2018. That approval has expired; reinstatement is expected to be a straightforward process rather than a new rezoning, and a buyer should plan to complete it during due diligence. Surrounded by the built-out Morgan's Cove neighborhood. Buyers should confirm the current entitlement status and the reinstatement process with St. Johns County.