Just steps from the ocean, this fully furnished, turn-key property offers a rare opportunity to own an income-producing vacation rental in one of St. Augustine's most sought-after neighborhoods, Anastasia Hills. Whether you're looking for a proven investment, second home, or primary residence, 5483 Pelican Way has endless possibilities. The layout features three stories in total with four bedrooms plus a large den space. On the first level, you'll find a private guest/in-law suite with its own bedroom, bathroom, living room and kitchenette, plus an oversized two garage and large storage room space. The main living level includes a remodeled kitchen, open living area with vaulted ceilings, two bedrooms, and a large den currently used as a bunk room for guests. Upstairs, the primary suite offers sweeping ocean views, a large walk-in closet, and an additional flex room ideal for a nursery, office, yoga room, or extra closet space. Outside, choose between two spacious balconies, a hot tub, fire pit, and a backyard with plenty of room to add a pool. Improvements include a new roof (2022), HVAC systems (2020 & 2021), impact windows and French doors (2018), fiber cement siding (2018), epoxy garage floors (2023), and more. Located at one of the highest elevations of Anastasia Island, no flood insurance is required. It also benefits from county zoning, meaning lower taxes and fewer restrictions. Call today to schedule a tour!