208 S 3RD ST
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1 block from new Margaretta Hotel
Steps to new pier
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51 photos

$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 #
MFRFC316334
Property type
Mixed Use
Subdivision
GEO MOODY SUB
Status
Active
Days on market
95
On market date
February 27, 2026
Stories
N/A
Garage spaces
N/A
Lot size
0.12 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

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

Mortgage calculator

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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 June 2, 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.