Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St. Augustine Beach Land Title is generated by Realmo AI

    206 MADRID Street, St Augustine Beach, FL 32080

    View on Map
    Claim this Listing
    For Sale
    $399,500

    LAND - St. Augustine Beach, FL

    Lot size:
    0.23 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    99
    Last Refresh:
    May 13 at 7:06 am

    Property Features for 206 MADRID Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1725610550
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3327

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Richard Dettra
    Richard Dettra

    Listing agent Richard Dettra

    Listing office ENDLESS SUMMER REALTY 521 A1A BEACH BLVD, St Augustine, FL

    Listing date Feb 3, 2026

    MLS# 2128239 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 100 X 100 lot with additional greenspace along side & back.
    • Short walk to Ocean Hammock boardwalk and the beach.
    • Walk to Publix and the shops at Annastasia Shopping Center.
    • Gated community with low fees and two entrances.
    • High elevation for possible views.
    • Lot partially cleared and building plans available.

    Overview

    This property features a rare 100 X 100 lot with additional greenspace along the side and back. The high elevation may allow for views. It is located within a short walk to the Ocean Hammock boardwalk and the beach. The location provides convenient access to Publix and the shops at Anastasia Shopping Center. The lot is situated in a gated community with low fees and two entrances, one on Beach A1A across from Sea Colony and another on A1A across from Marsh Creek. The lot is partially cleared, and building plans are available. Located in St. Augustine Beach, Florida, the lot size is approximately 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine Beach
    County
    St. Johns
    State
    Florida
    Longitude
    -81.2714
    Latitude
    29.831333

    Nearby Similar for Sale

    • $665,000

      Prime Beachfront Commercial Land Opportunity

      Rare commercial/mixed-use land steps from St. Augustine Beach.
      600 A1A BEACH Boulevard, St. Augustine Beach, FL 32080
      View Details
    • $899,000
      1,800 SF

      Updated Coastal Villa Near Beach

      Updated villa near the beach, ideal for short-term rentals.
      670 A1A BEACH Boulevard, St. Augustine Beach, FL 32080
      View Details
    • $599,000

      Buildable Beachfront Property in St. Augustine

      Oceanfront parcel in Summer Haven, ideal for custom residence.
      9407 OLD A1A, ST AUGUSTINE BEACH, FL 32080
      View Details
    • $3,295,000

      Oceanfront Duplex on Double Lot

      Rare oceanfront duplex on a double lot in St. Augustine Beach.
      2 11th Street, St Augustine Beach, FL 32080
      View Details
    • $399,000

      Cleared Lot Near St. Augustine Beach

      Cleared homesite near beach, pier, dining, shops, and Publix.
      694 16TH STREET, ST AUGUSTINE BEACH, FL 32080
      View Details
    • $1,175,000

      Ocean View Lot Opportunity

      Prime lot near the beach to build your dream home.
      8 13th St, St Augustine Beach, FL 32080
      View Details
    • $429,000

      Ocean Oaks Land Near Beach

      Quarter-acre lot in desirable Ocean Oaks neighborhood, near the beach.
      419 OCEAN Drive, St. Augustine Beach, FL 32080
      View Details
    • $399,000

      Cleared Lot Near St. Augustine Beach

      Cleared lot near beach, dining, shops, and future Publix.
      694 16th Street, St Augustine Beach, FL 32080
      View Details
    • $2,422,000
      1,680 SF

      Coastal Land Assemblage with Income

      Prime St. Augustine location with immediate income potential.
      5703 S A1a St. Augustine Beach, FL 32080
      View Details
    • $345,000

      Waterfront Land in Pelican Reef

      Land in gated community with marina and downtown views.
      114 SPARTINA Avenue, St. Augustine Beach, FL 32080
      View Details
    • $399,000
      266 SF

      Industrial Flex Condo on Dobbs

      Concrete block industrial flex condo in St. Augustine's commercial corridor.
      1761 Dobbs Rd, 22 St. Augustine Beach, FL 32084
      View Details
    • $249,999

      Anastasia Island Vacant Lot

      Vacant lot to build your dream home near the beach.
      OLEANDER Street, St. Augustine Beach, FL 32080
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near the beach in a gated community.
    Where is this residential land & home lot located?
    The property is located at 206 MADRID Street St Augustine Beach, FL.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: Rare 100 X 100 lot with additional greenspace along side & back.; Short walk to Ocean Hammock boardwalk and the beach.; Walk to Publix and the shops at Annastasia Shopping Center.
    (904) 501-7179
    We can help!
    Listing Contact
    Richard Dettra
    Richard Dettra
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    206 MADRID Street, St. Augustine Beach, FL 32080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!