What is the rental yield in Las Palmas Luxury Condominiums, Saint Augustine, Florida?

The gross yield in Las Palmas Luxury Condominiums, Saint Augustine, Florida is 6.0. That sits alongside prices in line with the Florida median at -1%, a Red Flag score of 73, and a 7.6% rise over the past year.

How have home prices changed in Las Palmas Luxury Condominiums, Saint Augustine, Florida?

Home prices in Las Palmas Luxury Condominiums, Saint Augustine, Florida are up 7.6% over the past year. The market is priced in line with the Florida median at -1%, gross yield is 6.0, and the Red Flag score is 73.

How does Las Palmas Luxury Condominiums, Saint Augustine, Florida compare with Saint Augustine?

Las Palmas Luxury Condominiums, Saint Augustine, Florida is priced in line with the Florida median at -1% and has gross yield of 6.0. The Red Flag score is 73, walkability is 48, and education is in the 93rd percentile, so it pairs a midrange price position with a higher risk score.

Neighborhood

Las Palmas Luxury Condominiums

Saint Augustine, Florida US

Las Palmas Luxury Condominiums, Saint Augustine, Florida offers a yield-oriented profile with gross yield of 6.0 and prices in line with the Florida median at -1%. Prices have risen 7.6% over the past year, while the Red Flag score of 73 signals a higher risk backdrop. Walkability is 48 and education is in the 93rd percentile.

AI Summary•Updated May 2026

Area

2.87 mi²

ZIP Code

32084

County

Saint Johns County

State

Florida

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$365,891

YoY+7.6%

Gross Rental Yield

6.0%

Listed rent · ZORI annualized

Red Flag Index

High

73 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

93 / 100

Excellent · better than 93% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Las Palmas Luxury Condominiums Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Las Palmas Luxury Condominiums, Saint Augustine.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$365,891	+7.6%
Price / Sq Ft (Verified)	$230/sqft	+5.2%
Asking Rent (Median)	$1,813/mo	-1.8%
Gross Rental Yield	6.0%	—
Liquidity Score	52 / 100	Moderate
Homes Sold (Period)	258	-6.2%

Is Las Palmas Luxury Condominiums Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Florida crime context.

Red Flag Breakdown

73 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Wildfire100Very High

Hurricane100Very High

Tornado60High

Earthquake40Moderate

Heat40Moderate

Strong Wind40Moderate

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Florida averaged 16.9 crimes and 2.7 violent per 1,000 residents (-4.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 6.0%

Appreciating market — +7.6% sale-price YoY

Liquid resale market — liquidity 52/100

Active transaction volume — 258 homes sold last period

Flood risk is Very High (100/100)

Wildfire risk is Very High (100/100)

Insights are generated from Las Palmas Luxury Condominiums's live DistrictScore metrics.

Las Palmas Luxury Condominiums Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Florida-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

5.5 µg/m³ Meets EPA, above WHO guideline+9.1% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Las Palmas Luxury Condominiums centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 36% of U.S. neighborhoods.

Florida Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	2.7	-4.5%
2023	18.0	2.9	-2.3%
2022	19.0	2.9	+4.4%
2021	18.6	3.4	-13.5%
2020	21.5	3.8	-13.7%
2019	25.2	3.8	—

Reported at the state level — the finest official US crime aggregation; Las Palmas Luxury Condominiums inherits the Florida figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Las Palmas Luxury Condominiums

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor4 nearbyHigh

Aviation noise45 dBVery Low

Point-source screening near Las Palmas Luxury Condominiums: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Las Palmas Luxury Condominiums

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

48

Car-Dependent

Walkability Score

2

Grocery

35

Dining

3

Schools

1

Universities

0

Hospitals

2

Pharmacies

9

Parks

2

Rail Transit

0

Coworking

POI counts are amenities within Las Palmas Luxury Condominiums's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Las Palmas Luxury Condominiums vs Saint Augustine vs Florida

How Las Palmas Luxury Condominiums benchmarks against its city and state medians.

Benchmark vs City & State

Across Las Palmas Luxury Condominiums, the median sale price sits in line with the statewide median. Gross rental yield is 6.0%, against 6.2% statewide. Over the past 12 months, prices rose 7.6%. Transaction liquidity sits above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Las Palmas Luxury Condominiums	$230/sqft	6.0%	52
Florida	$232/sqft	6.2%	36

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Buying Property in the US as a Foreigner

Federal & Florida tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: documentary stamp $0.70 per $100 ($0.60 in Miami-Dade).

Assessment Cap

Save Our Homes caps homestead assessment growth at 3%/CPI; reassessed to market value on sale.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: up to $50,000 off taxable value, plus unlimited protection from most creditors.

Senior & Veteran Exemptions

Extra $50,000 senior exemption plus property-tax discounts for veterans.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 264 restricts buyers from 7 countries of concern (incl. China) from residential property near sensitive sites. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Florida property-tax guidance for foreign buyers

Latest Saint Augustine Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Las Palmas Luxury Condominiums Real Estate FAQ

Las Palmas Luxury Condominiums, Saint Augustine, Florida has gross yield of 6.0 and prices in line with the Florida median at -1%. Prices are up 7.6% over the past year, but the Red Flag score is 73, so the profile combines solid yield with a higher risk reading.

Neighborhoods near Las Palmas Luxury Condominiums

Compare Las Palmas Luxury Condominiums with nearby neighborhoods in Saint Augustine.

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