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    Luxury Townhomes in Beachwalk Title is generated by Realmo AI

    431 Marquesa Circle, Saint Johns, FL 32259

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    Claim this Listing
    For Sale
    $1,950,000

    MULTI_FAMILY - St. Johns, FL

    Lot size:
    0.12 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    62
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 431 Marquesa Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 1, Bedroom 1, Bathroom 2
    Parking features
    Open, Guest, Garage, Gated
    Exterior features
    Balcony
    Appliances
    Dishwasher, Disposal, Microwave
    Standard status
    Active
    APN
    023716-0230
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17348

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Multi Units, Electric, Central Air
    Water source
    Public
    Water front features
    Lagoon
    Water front
    1

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Carpet
    Building materials
    Concrete

    We can help!

    Listing Contact
    Kim Tillett
    Kim Tillett

    Listing agent Kim Tillett License #3218969

    Listing office Dale Sorensen Real Estate Inc. 3155 Suntree Blvd #101, Indialantic, FL

    Listing date Mar 22, 2026

    MLS# 1072625 Listing URL

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

    HighLights

    • Two luxury townhomes offered together with panoramic lagoon views.
    • New construction (2023) with custom finishes and private beach access.
    • Ideal for multi‑generational living, income potential, or combining into one expansive residence.
    • Located on a 14+ acre crystalline lagoon with year‑round water activities.
    • Each residence includes 3 bedrooms, 3 bathrooms, and a private 2‑car garage.
    • Community amenities include waterfront dining, beach club, fitness center, and curated events.

    Overview

    A rare opportunity to acquire two luxury townhomes, located side by side on the crystal lagoon in Beachwalk. Built in 2023, the properties at 425 and 431 Marquesa Circle offer panoramic views. Each residence features 3 bedrooms and 3 bathrooms, custom finishes, luxury features, private beach access, a private 2-car garage, and coastal interiors. The combined lot size is 0.12 acres. This offering is ideal for multi-generational living or income potential, with the option to combine the two units into one expansive waterfront residence. Residents enjoy access to white sandy beaches and year-round activities such as swimming, kayaking, paddle-boarding, and sailing on the 14+ acre crystalline lagoon. Community amenities include waterfront dining, a members-only beach club, a fitness center, and curated events.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel Bar & Pub Discount Store Computer & Electronic Repair Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Johns
    County
    Duval
    State
    Florida
    Longitude
    -81.481522
    Latitude
    30.082923

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    FAQs

    What type of property is this?
    Multifamily property - Two luxury townhomes with private beach access and lagoon views.
    Where is this multifamily property located?
    The property is located at 431 Marquesa Circle Saint Johns, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Two luxury townhomes offered together with panoramic lagoon views.; New construction (2023) with custom finishes and private beach access.; Ideal for multi‑generational living, income potential, or combining into one expansive residence.
    (321) 446-9035
    We can help!
    Listing Contact
    Kim Tillett
    Kim Tillett
    Real Estate License ID: 3218969
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    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.

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