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18 OCEAN Avenue
About This Property
Lowest price per sqft, Two income opportunities!
Prime location between historic downtown St. Augustine and the beaches of Vilano, this rare coastal property offers unmatched flexibility, lifestyle, and value in the 32084 zip code.
Dual Primary Suites: Split floor plan with two private en-suite bedrooms plus a guest half-bath on the main level--ideal for multi-generational living, rental privacy, or a flexible beach getaway.
Equity Opportunity: Solid 1,408 sq ft bones ready for your custom aesthetic touches. Customize your dream finishes while stepping into immediate instant sweat equity.
Outdoor Coastal Living: Mature shade trees, classic brick walkways, a private lounging deck, and dedicated exterior storage for beach and water gear.
Location, Location, Location:
Minutes to the Intracoastal Waterway, Vilano Beach boat ramps, and downtown dining.
No strict HOA restrictions--bring your boat or beach toys.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2026 | Price Decreased |
$479,000
↓ $16K
(3.2%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$495,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 20, 2026 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$525,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $540,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
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About Magnolia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017