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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.

Highlights

  • Land
  • 0.61 Acre Lot
  • 415 days on Market


  • Acres
    0.61
  • Lot Features
    Waterfront

  • Area
    06
  • County
    Saint Johns
  • City
    Saint Augustine
  • Neighborhood
    Pelican Reef
  • Zip Code
    32080
  • High School
    St. Augustine
  • Middle School
    Sebastian
  • Elementary School
    R.B. Hunt

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Frequently Asked Questions

How do I schedule a tour of 186 Pelican Reef Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 186 Pelican Reef Dr.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 186 Pelican Reef Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,795,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Saint Augustine, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 186 Pelican Reef Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 186 Pelican Reef Dr at around $12,321. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 186 Pelican Reef Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Saint Johns County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 186 Pelican Reef Dr?

In most cases, yes. Whether 186 Pelican Reef Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Saint Augustine's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 186 Pelican Reef Dr?

We can handle that for you. Our preferred local agent specializes in lands in Saint Augustine and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

186 Pelican Reef Dr was listed on September 25, 2025, which means it's been on the market for 415 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

186 Pelican Reef Dr sits on a 0.61-acre lot, which is 26,572 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: R.B. Hunt
  • Middle: Sebastian
  • High: St. Augustine

Want to see how these schools compare? Check out our Saint Johns County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 186 Pelican Reef Dr?

The most recent public record shows annual property taxes for 186 Pelican Reef Dr were approximately $25,272. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 186 Pelican Reef Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, St Augustine and St Johns County BOR. All rights reserved.

Last Updated: November 14, 2026 at 05:07PM | Source: St Augustine and St Johns County BOR | MLS#: 255463

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