18.1 acres inside the Morgan's Cove PUD at County Road 214 and I-95, west of St. Augustine, previously entitled for up to 200 beds of independent or assisted living, or up to 80 cottage-style retirement units. The senior living use was approved in a 2012 major modification to the PUD (O.R. 3544/1032) and carried forward in 2018 (O.R. 4562/1050). That approval has expired. Reinstatement is expected to be a straightforward process rather than a new rezoning, and a buyer should plan to complete it during due diligence. Buyers should confirm the current entitlement status and the reinstatement process with St. Johns County. The site consists of PUD parcels ALF-1 and ALF-2 (parcel 1009200062), surrounded by the built-out Morgan's Cove neighborhood, with quick access to I-95 via SR 207 and about 4.3 miles to Flagler Hospital. Offered at $1,749,000, roughly $8,745 per bed at the full 200-bed program. Offering memorandum, survey, PUD ordinances and 2012 market study available.