Deepwater Luxury Lot in Yachtsman Point – 165’ Waterfront + Dock Permit Approved. Listing is for the lot only, the rendering is from the conceptual plans. Welcome to 186 Pelican Reef Drive, a truly exceptional opportunity to build your waterfront dream estate in the prestigious Yachtsman Point at Pelican Reef. Boasting an impressive 165 feet of deepwater frontage, this rare homesite offers unmatched access to the Intracoastal Waterway, creating the ultimate setting for boaters, water lovers, and those seeking an elevated coastal lifestyle. This is more than just a lot — it's a ready-to-build waterfront estate site, with all of the heavy lifting already done. Over 120 loads of clean, compacted fill dirt have been brought in, and permits for a private dock and bulkhead have already been approved by the Army Corps of Engineers, DEP, and SJRWMD — an incredible value of time and peace of mind. You’ll also benefit from a comprehensive survey with topography and tree locations, along with a geotechnical report including all necessary soil borings. Plus, a striking set of architectural plans, designed by renowned Home Designer and Builder Jason N. Forrest and his team at Forrest Inc and The Build For Life Co, has been approved by the Pelican Reef Architectural Review Board and will convey to the buyer upon request. The home design is one of Forrest’s most exciting and inspired creations to date — a bold blend of form, function, and coastal sophistication — ready to be brought to life. Prefer your own vision? The lot’s size, shape, and water frontage offer the flexibility to design your own personal sanctuary. Located within St. Augustine’s exclusive gated community of Pelican Reef, just minutes from downtown and the beaches, this is one of the last remaining opportunities to secure deepwater access in such a prestigious enclave. Owner financing may be available, providing added flexibility for buyers.
309 days
|
98
|
2
|
Zillow last checked:
Listing updated:
Listed by:
Jason Forrest904-501-0443,
Forrest Realty Group, Inc
Source: St Augustine St Johns County BOR,MLS#: 255463
Facts & features
Property
Features
On waterfront: Yes
Waterfront features: Intracoastal, Navigable Water
Lot
Size: 0.61 Acres
Features: 1/2 to 1 Acre
Details
Parcel number: 1585730130
Zoning: SA
Community & HOA
Community
Subdivision: Pelican Reef
HOA
Has HOA: Yes
HOA fee: $450 quarterly
Location
Region: Saint Augustine
Financial & listing details
Annual tax amount: $25,272
Price range: $1.8M - $1.8M
Date on market: 9/25/2025
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
3/2/2026
Price change
$1,795,000+12.5%
Source: St Augustine St Johns County BOR #255463Report a problem
11/26/2025
Price change
$1,595,000-11.1%
Source: St Augustine St Johns County BOR #255463Report a problem
9/25/2025
Listed for sale
$1,795,000
Source: St Augustine St Johns County BOR #255463Report a problem
9/23/2025
Listing removed
$1,795,000
Source: St Augustine St Johns County BOR #251744Report a problem
3/22/2025
Listed for sale
$1,795,000
Source: St Augustine St Johns County BOR #251744Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: St Augustine St Johns County BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.