Ideally located on one of St. Augustine’s grandest streets stands this downtown Victorian beauty. She’s steeped in St. Augustine’s rich history; an elaborate story to be told, and the next chapter ready to be written. Saragossa Street proudly showcases some of St. Augustine’s most notable homes in the coveted Historic District, and 16 Saragossa Street stands out among them maintaining an original air of elegance and its post turn-of-the-century grandeur. Built in 1923 with the gorgeous woodwork, two fireplaces and ornate details, this stately home currently operates with coveted RG1 zoning as three successful, nightly vacation rentals. Divided into separate, furnished units, each with its own entrance, full kitchen, parking spots, electric meter and rental history, this income-producing property delivers an excellent return on investment with a total average gross annual income of $120,000+ for three consecutive years. The main house is separated into an upstairs and downstairs unit. Upstairs: two bedrooms, one bath with gorgeous Florida room. Downstairs: two bedrooms, two and a half baths, sun room, and inviting back porch. Carriage House over the two car garage: a one bedroom apartment with a deck overlooking tree tops of gorgeous towering oak trees. The back deck and patio of the main house are privately situated for backyard entertaining, surrounded by lush native gardens that accentuate the rich history and age-old beauty of this timeless St. Augustine estate. The highly-coveted RG1 Zoning allows nightly rentals and a variety of uses-continue with the three vacation rentals, convert the property to a Bed & Breakfast, renovate to its original splendor as a single family estate, transform into a wedding venue or office space. Offered as a turn-key business complete with future bookings, over 1027 rave reviews on rental sites, and a housekeeping/host team that’s perfected the turnover process. This is a rare opportunity.