$1,295,000
Active208 S 3rd St, Flagler Beach, FL 32136
3,080 sq ft
Listing courtesy of PALM WAVE REALTY Β· MLS# FC316334
243 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
Just steps from the shoreline and the brand new pier in the heart of downtown Flagler Beach. This exceptional mixed-use property presents an incredible and rare opportunity in the highly desirable General Commercial zone which offers the most versatile zoning in our town. Positioned in a high-and-dry βXβ flood zone, this building offers peace of mind paired with an unbeatable coastal location. Just 1 block from the towns new hotel! The first floor is home to a thriving Pilates studio, creating immediate income potential from day one. Upstairs, a turnkey residential unit features 2 bedrooms, 1 bathroom, and a private deck with a charming peek-a-boo ocean view. Whether used as an ownerβs retreat, long-term rental, or short-term rental, the flexibility and income possibilities here are outstanding. Major improvements have already been completed, including a new roof installed in 2022, two HVAC systems replaced in 2019 and 2023, impact windows and doors, and a freshly painted exterior in 2025. The big-ticket items are done, allowing you to focus on maximizing the propertyβs potential. Just steps from the beach, the pier, coffee shops, restaurants, and everything vibrant downtown Flagler Beach has to offer, properties like this rarely come available. Flagler Beach also boasts the closest distance from I-95 to the ocean in all of Florida, making access incredibly convenient, and is ideally situated between St. Augustine to the north and Daytona Beach to the south. This prime location delivers true small-town coastal charm with easy access to two dynamic and historic destinations. Whether youβre looking to live, work, invest, or create a lifestyle business by the beach, this is a standout opportunity that checks every box: location, updates, flexibility, and strong income-producing potential. Bring all offers !
Facts
- Property type
- Mixed Use
- Year built
- 2005
- Exposure
- South
- Flood zone
- X
- Annual taxes
- $4,230/yr
- Listed
- Feb 25, 2026
- MLS #
- FC316334
Commercial details
Building & site
- Building size
- 3,080 SF
- Office / retail space
- 2,000 SF
- Lot size
- 0.12 acres (5,009 SF)
- Zoning
- GC
- Road frontage
- 50 ft Β· City Street
- Buildings
- 1
Investor metrics
- Price per SF (MLS)
- $420.45/SF
- Net operating income
- $49,690/yr
- Annual expenses
- $6,100/yr
- Units
- 2
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $1,350,000
- Price reduced to $1,295,000
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208 S 3rd St, Flagler Beach, FL 32136
Listing courtesy of PALM WAVE REALTY Β· MLS# FC316334 Β· Active
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.



