ST. AUGUSTINE, Fla. – A historic retail, commercial and residential property located on one of the most historic streets in St. Augustine sold via absolute auction Thursday by Fisher Auction Company.
The residential and commercial property, built circa 1850, was home to the last official resident on St. George Street. The property, which has frontage on both St. George Street and Spanish Street, includes a nearly 3,400-square-foot, six-bedroom home, as well as a 2,000-square-foot commercial building with courtyard currently operated by Local Heros Bar & Grill.
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The property, originally appraised at $2 million, sold for $2,497,000 via absolute auction. An absolute auction means there will be no minimum bid for the property.
The same family owned the property for nearly 80 years.
Purchased for $2,000 from the Manucy estate in 1938, the Parks family added on to the house in 1946 and again in 1963. The commercial space was converted in 2001 and has functioned as a bar and restaurant since 2011. The property has a breathtaking view of Fort Castillo de San Marcos and is situated in the center a bustling destination for visitors featuring restaurants, bars and shops. The official addresses for the property are 18 St. George Street and 11 Spanish Street.
The auction was held Thursday at 11 a.m.
Fisher Auction Company worked in cooperation with Great Expectations Auction Company, LLC.
"We are honored to have the opportunity to manage the sale of this high-profile property in America’s oldest city," president and CEO of Fisher Auction Company Lamar Fisher said. "Given the uniqueness of the location and its historical value, we feel this property will draw significant attention from prospective buyers around the country."
Fisher Auction Company has previously handled numerous high-profile auctions, including the former Versace Mansion, numerous private islands and multi-million dollar mansions of business executives, celebrities and professional athletes.