Surfside Redevelopment Opportunity in Vilano Beach

3125 Coastal Highway, St. Augustine, FL 32084

  • For Sale $1,800,000
  • Property Type Multi-Family
  • Property Size 2,800 SF
  • Units 10
  • Lot Size 0.82 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1925
  • Date Updated Dec 11, 2024
Prime location in Vilano Beach, steps from the ocean, near historic downtown St. Augustine.3125 Coastal Highway represents a rare and versatile investment opportunity in Vilano Beach, a prime coastal market in Northeast Florida. This 0.82-acre property combines a steady income-generating triplex with significant redevelopment potential under its RG-1 zoning and Residential-C Coastal land use designation. Situated just steps from the beach and minutes from historic downtown St. Augustine, the property benefits from proximity to high-demand tourist destinations, making it an attractive option for both short-term and long-term residential development. Following recent feedback from St. Johns County, redevelopment of this parcel is limited to single-family housing. Investors can explore subdividing the property into three lots, converting the existing triplex into a single-family home, and developing two additional single-family lots. Alternatively, the property can remain a mobile home park with specific conditions to retain its grandfathered rights. These scenarios align with the county's density cap of three total units and leverage the area’s strong appreciation in property values and vibrant real estate market. The property’s location within the North Coastal Overlay District ensures that future development will harmonize with the area's coastal charm while adhering to design and infrastructure requirements. With robust income potential from its current setup and strategic redevelopment options, 3125 Coastal Highway offers investors a chance to capitalize on the thriving Vilano Beach market while navigating clear regulatory pathways.
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Highlights

  • Prime Coastal Location: Situated steps from Vilano Beach and minutes from historic downtown St. Augustine, offering unparalleled access to Florida’s coastal charm.
  • Income-Generating Property: Features a triplex and seven trailer pads, generating over $172,000 in gross annual rental income.
  • Versatile Zoning: Zoned RG-1, allowing for single-family homes, multifamily dwellings, or short-term vacation rentals, with redevelopment opportunities.
  • Redevelopment Potential: Options include subdividing into multiple single-family lots, upgrading existing units, or modernizing the trailer pads for increased income potential.
  • Spacious Lot: 0.82-acre fenced property with 300 feet of road frontage along Coastal Highway (A1A), offering excellent visibility and accessibility.
  • Flexible Investment Opportunities: Ideal for long-term cash flow or redevelopment into a premium residential or vacation rental community.
  • Existing Triplex Setup:
  • 2-bedroom Airbnb generating $46,891 annually.
  • Efficiency Airbnb generating $21,547 annually.
  • 1-bedroom long-term rental generating $18,000 annually.
  • Strong Market Demand: Located in a high-demand area with thriving tourism and residential growth, making it a prime choice for investors.
  • Close to Amenities: Conveniently near parks, pickleball courts, grocery stores, Flagler College, and local dining and shopping.
  • Future Value Growth: Positioned in Vilano Beach, a rapidly appreciating real estate market with nearby single-family homes selling for up to $4.2 million.

Contacts

broker
Matthew Adams

Florida Network Realty

Location

Getting Around

  • Walk Score ®

    18/100 Car-Dependent

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City St. Augustine, FL
  • Neighborhood Vilano Beach
  • Zip Code 32084
  • Market Jacksonville

Points of Interest

  • BP

    0.38 miles

  • Shell

    1.85 miles

  • Sunoco

    1.89 miles

  • Tesla Supercharger

    2.36 miles

  • Freedom Oil

    3.49 miles

  • Mobil

    3.54 miles

  • Citgo

    3.68 miles

  • Gate

    4.45 miles

  • ChargePoint

    6.99 miles

  • eVgo

    6.99 miles

  • Public Parking

    0.12 miles

  • Old Town Overflow Lot

    1.82 miles

  • Mission of Nombre de Dios Parking

    1.92 miles

  • Historic Downtown Parking Facility

    2.24 miles

  • NPS Lot 1

    2.26 miles

  • NPS Lot 5

    2.26 miles

  • Oldest House Parking Lot

    2.72 miles

  • Flagler College Parking Garage

    2.77 miles

  • Magic Beach Motel

    0.62 miles

  • The Saint Augustine Beach House

    0.63 miles

  • Hampton Inn & Suites Saint Augustine-Vilano Beach

    0.66 miles

  • Ocean Sands Beach Inn

    0.68 miles

  • OceanView Lodge

    0.71 miles

  • Florida Motel

    1.72 miles

  • Country Inn & Suites

    1.74 miles

  • Travelodge Suites Saint Augustine

    1.75 miles

  • Southern Oaks Inn

    1.80 miles

  • The Cozy Inn

    1.82 miles

  • Vilano Grill 180

    0.59 miles

  • Fire Wok

    0.59 miles

  • Puccini's Pizzeria

    0.60 miles

  • Beaches at VIlano

    0.61 miles

  • Casa Bendetto's

    0.62 miles

  • Crème de la Cocoa

    1.73 miles

  • Fusion Point

    1.74 miles

  • Five Flags Cafe

    1.74 miles

  • El Potro Mexican

    1.77 miles

  • Fountain of Juice

    1.78 miles

  • Florida School for the Deaf and the Blind

    1.42 miles

  • Cathedral Parish Early Education Center

    2.06 miles

  • Ketterlinus Elementary School

    2.37 miles

  • Flagler College

    2.53 miles

  • Saint Joseph's Academy Catholic High School

    2.62 miles

  • Cathedral Parish School

    2.69 miles

  • Holy Cross School

    2.75 miles

  • Saint Augustine High School

    2.82 miles

  • John A. Crookshank Elementary School

    2.84 miles

  • Saint Paul School of Excellence

    2.92 miles

  • Grandma's Daycare

    1.80 miles

  • Saint Augustine Public Montessori

    1.87 miles

  • Trinity Episcopal Learning Center

    2.55 miles

  • Brandt's Childcare

    2.67 miles

  • Lead the Way Day Care Center

    2.79 miles

  • Little Darlings Childcare

    3.03 miles

  • Kingdom Kids Christian Childcare

    3.92 miles

  • La Petite Academy of Saint Augustine

    4.12 miles

  • Turtle Tots Academy

    4.16 miles

  • Brighton Day Academy

    5.53 miles

Frequently Asked Questions

How much does Surfside Redevelopment Opportunity in Vilano Beach cost?

The space currently listed for sale at Surfside Redevelopment Opportunity in Vilano Beach asks for $1,800,000.

What is the total square footage of Surfside Redevelopment Opportunity in Vilano Beach?

Surfside Redevelopment Opportunity in Vilano Beach totals 2,800 square feet.

When was this property built?

Surfside Redevelopment Opportunity in Vilano Beach was built in 1925.

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Contact Listing Broker
broker
Matthew Adams

Florida Network Realty