Mixed Use at 208 S 3RD ST, FLAGLER BEACH
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1 block from new Margaretta Hotel - 208 S 3RD ST, FLAGLER BEACH
Steps to new pier - 208 S 3RD ST, FLAGLER BEACH
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$1,295,000

208 S 3RD ST
FLAGLER BEACH, FL 32136
Listed by Eric Gerlach · PALM WAVE REALTY
Bedrooms
N/A
Bathrooms
N/A
Living area
3,080 sqft
Year built
2005

About this home

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 “X” 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 owner’s 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 property’s 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 you’re 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 !

Property details

MLS
Stellar MLS
MLS #
MFRFC316334
Property type
Mixed Use
Subdivision
GEO MOODY SUB
Status
Active
Days on market
164
On market date
February 27, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
OLD KINGS ELEMENTARY SCHOOL
2.9 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,130
Student:teacher ratio
15.9:1
District
FLAGLER
Middle
BUDDY TAYLOR MIDDLE SCHOOL
6.71 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,022
Student:teacher ratio
19.7:1
District
FLAGLER
High
FLAGLER-PALM COAST HIGH SCHOOL
4.9 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,662
Student:teacher ratio
26.1:1
District
FLAGLER

Walkability

Blended score for FLAGLER BEACH's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

52
Somewhat walkable
out of 100
EPA National Walkability Index
9.8 / 20 -- Below average walkable
Google Places amenity density
55 / 100
Restaurants & cafes18
Grocery stores2
Parks3
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in FLAGLER BEACH, from live MLS data.

On the market 164 days -- 41 more days than FLAGLER BEACH's current average of 123 days.
For reference, the median list price across 250 active listings in FLAGLER BEACH right now is $449,995.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,949/mo
$259,000 down
$1,036,000 loan
Principal & interest$6,719
Property tax (est.)$1,079
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 11, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.