County Road 214, St. Augustine, FL 32084

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. PUD parcels ALF-1 and ALF-2; 40 ft height, 25% FAR, 70% impervious max. Surrounded by the built-out Morgan's Cove single-family neighborhood. Minutes to I-95 via SR 207; 4.3 miles to Flagler Hospital. Buyers should confirm the current entitlement status and the reinstatement process with St. Johns County. About $8,745 per bed at $1,749,000.