Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean View Condo with Boat Slip Title is generated by Realmo AI

    100 MARINA BAY Drive 205, Flagler Beach, FL 32136

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $480,000

    Furnished 3-bedroom condo with boat slip and ocean views.

    Type:Mobile Home
    Property size:
    1,368 SF
    Price / SF:
    $350/SF
    Added:
    Mar 24, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 100 MARINA BAY Drive 205

    General Information

    Standard status
    Active
    Size
    1,368 SF
    Property subtype
    Mobile Home

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    CRAIG STRAKY

    Listing agent CRAIG STRAKY License #3178589

    Listing office COASTAL GATEWAY REAL ESTATE GROUP

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COASTAL GATEWAY REAL ESTATE GROUP

    HighLights

    • Ocean view end unit condo with deeded boat slip (with 12,000 lb lift) and detached 1‑car garage.
    • Furnished 3‑bedroom, 2‑bath condo with wrap‑around east‑facing balcony.
    • Preferred location close to the beach and pool, with ocean breezes and views from most rooms.
    • Newly updated with new carpet in bedrooms, new ceiling fans, and new lighting.
    • Located between the Atlantic Ocean and Intracoastal Waterway in Marina Bay.
    • Open floor plan with an abundance of windows providing natural light.

    Overview

    This furnished condo offers ownership of a private boat slip with a 12,000 lb. lift (slip #29) and a detached 1-car garage. Located in Marina Bay condos between the Atlantic Ocean and the Intracoastal Waterway, this 1368 square foot end unit features ocean views from most rooms. The second-floor location backs to the East, providing ocean breezes and views, with close proximity to the beach and pool access. The condo has an open floor plan and an abundance of windows. This 3-bedroom, 2-bath condo includes a wrap-around east-facing balcony. Updates include new carpet in the bedrooms, new ceiling fans, and new lighting. The HOA fees are $985, which includes water, cable, and Internet, and dock fees are $125. Minimum rental is 30 days.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Department Store Hotel & Motel Discount Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagler Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1422287
    Latitude
    29.5089013

    Nearby Similar for Sale

    • $1,500,000
      3,835 SF

      Oceanfront Hotel/Motel in Flagler Beach

      Rare oceanfront commercial property with tourist zoning in Flagler Beach.
      1204 S OCEAN SHORE BOULEVARD, FLAGLER BEACH, FL 32136
      View Details
    • $350,000

      Flagler Beach Parking Lot

      Parking lot for sale in Flagler Beach, Florida.
      111 S 12TH STREET, FLAGLER BEACH, FL 32136
      View Details
    • $350,000

      Flagler Beach Parking Lot

      Parking lot for sale in Flagler Beach, Florida.
      111 S 12th Street, Flagler Beach, FL 32136
      View Details
    • $1,395,000

      Flagler Beach Commercial Opportunity

      Prime commercial property with high visibility and foot traffic.
      511 N OCEAN SHORE Blvd, Flagler Beach, FL 32136
      View Details
    • $2,490,000
      18,929 SF

      Prime Retail Space in Florida

      High-visibility retail space in a rapidly growing area.
      2501 MOODY BOULEVARD A, FLAGLER BEACH, FL 32136
      View Details
    • $1,495,000
      1,633 SF

      Flagler Beach Commercial Investment Opportunity

      Double lot on A1A with multiple commercial possibilities.
      2299 N Ocean Shore Boulevard, Flagler Beach, FL 32136
      View Details
    • $1,799,999
      563 SF

      Oceanside Suites Investment Opportunity

      Income-producing property with ocean views and flexible use potential.
      901 N OCEAN SHORE Blvd, Flagler Beach, FL 32136
      View Details
    • $1,799,999
      563 SF

      Flagler Beach Oceanside Income Property

      Renovated income-producing property with ocean views and flexible use potential.
      901 N OCEAN SHORE Blvd, Flagler Beach, FL 32136
      View Details
    • $1,690,000
      2,736 SF

      Flagler Beach Commercial Oceanfront Property

      Unique commercial property with ocean views and income potential.
      701 N Ocean Shore Boulevard, Flagler Beach, FL 32136
      View Details
    • $1,799,000
      5,632 SF

      Prime Commercial Corner Lot Opportunity

      High-traffic location near Margaritaville Hotel, suitable for various businesses.
      180 S DAYTONA AVENUE, FLAGLER BEACH, FL 32136
      View Details
    • $1,690,000
      2,736 SF

      Flagler Beach Oceanfront Commercial Property

      Unique commercial property with ocean views and income potential.
      701 N OCEAN SHORE BOULEVARD, FLAGLER BEACH, FL 32136
      View Details
    • $1,600,000
      4,532 SF

      Flagler Beach Oceanfront Motel Opportunity

      Oceanfront motel in Flagler Beach, Florida, requiring full renovation.
      1316 S Ocean Shore Boulevard, Flagler Beach, FL 32136
      View Details

    FAQs

    What type of property is this?
    Residential income property - Furnished 3-bedroom condo with boat slip and ocean views.
    Where is this residential income property located?
    The property is located at 100 MARINA BAY Drive 205 Flagler Beach, FL.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Ocean view end unit condo with deeded boat slip (with 12,000 lb lift) and detached 1‑car garage.; Furnished 3‑bedroom, 2‑bath condo with wrap‑around east‑facing balcony.; Preferred location close to the beach and pool, with ocean breezes and views from most rooms.
    (386) 338-5000
    We can help!
    Listing Contact
    CRAIG STRAKY
    Real Estate License ID: 3178589
    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
    100 MARINA BAY Drive 205, Flagler Beach, FL 32136
    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!