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Debbie Kirkland

[email protected] +1(850) 212-0440

$ 1,599,000

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163 E Gulf Beach Dr St. George Island, FL 32328

3 Beds

2 Baths

4,140 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,140 sqft

Price per Sqft $386

Subdivision Gulf Beaches Units 1-5

MLS Listing ID 324165

Bedrooms 3

Full Baths 2

HOA Y/N false

Year Built 2001

Annual Tax Amount $4,249

Tax Year 4249

Lot Size 6,751 Sqft

Lot Dimensions 6750

Property Description

Looking for a property that offers both steady income and the charm of coastal living? This well-maintained mixed-use building delivers on both fronts. The ground floor features approximately 2,070 sq. ft. of commercial space, currently leased to a long-standing SUBWAY restaurant that has operated here since 2005. With a $5,000/month triple net (NNN) lease, the tenant covers taxes, insurance, and maintenance—making this a true turnkey investment with minimal owner responsibility. This is one of the lowest, remodeled price per square foot properties on the island. Upstairs, the residence mirrors the commercial footprint with another 2,070 sq. ft. of living space. Highlights include two spacious living areas, a beautiful great room, three generously sized bedrooms, and two full baths. One of the largest condo-style units on the island, it's currently a successful short-term rental on VRBO and Airbnb, generating $68,553 in Gross Rental Income (GRI) for 2024. Recent upgrades include a new roof (permitted and installed in 2023 by Lloyd's Roofing of Tallahassee), a new HVAC system (2021), new Hardie siding on sides of exterior, and regular structural and septic maintenance. Flood insurance is assumable at an affordable $3,541 per year. This rare opportunity provides dual income streams in one desirable package. For added flexibility, the commercial space may also be purchased separately. MLS #323922

Location

State FL

Zoning Mixed Use

Interior

Interior Features Breakfast Bar, Recessed Lighting, Lock Out Closet, Renovated

Heating Central Electric

Cooling Central Electric

Fireplace No

Appliance Dryer, Washer, Cooktop, Dishwasher, Exhaust Fan, Microwave, Range Hood, Refrigerator w/Ice Maker, Electric Oven, Electric Water Heater

Laundry Washer/Dryer Hookup

Exterior

Parking Features Driveway

Garage Spaces 12.0

Pool None

Utilities Available Cable Connected, Electricity Connected, Internet Available, Water Connected, Private Trash

View Y/N true

View Gulf, Water

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Within 1/2 Mile of Water, Improved Lot

Story 2

Foundation Slab

Sewer Aerobic Septic

Level or Stories 2

Stories 2

Floor Plan 2

Listed by St George Island Realty, Llc

Debbie Kirkland

Broker | License ID: BK3052075

+1(850) 212-0440

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Tallahassee, FL

Debbie Kirkland

163 E Gulf Beach Dr St. George Island, FL 32328

Key Details

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Interior

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163 E Gulf Beach Dr