95 Morgans Treasure Rd
Saint Augustine, FL 32084
ALF Approved Site-18 Acres-200 Bed Facility · Land For Sale · 18.00 AC

Excellent opportunity to acquire a 100% fee simple interest in an approved 18 Acre ALF Site classified as special care housing (Per LDC Section 2.03.23) located off County Road 214 on Morgan's Treasure Road in St. Augustine, St. Johns County, Florida. This site allows for the proposed development, a combination of retirement apartments with assisted living and nursing facilities calculated as “beds” providing no individual kitchens are provided and cottage style individual “retirement apartments” calculated as individual residential units for density purposes along with associated facilities, not to exceed a gross density of 80 residential units or up to 200 beds per Ordinance Number 2012-6. The current zoning is PUD and commencement date expires on May 21, 2026. This vacant commercial land has entitlements for a 4 Story, 40 Ft. High, 100 Unit building on ALF Site 1 and a separate 4 Story, 40 Ft. High, 72 Unit Building and 1 Story, 28 Unit Building on ALF Site 2 per the Master Site Plan in the Morgan's Cove PUD documents. Adjacent to this development is a 266, single family residential subdivision known as Morgan's Cove, which is being built out and sold by DR Horton/LGI Homes. This property is conveniently located with a 10 minute drive to downtown St. Augustine, neighborhood shopping, medical facilities as well as recreational and tourist destinations.