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406 THIRD Street
About This Property
This bright, open-concept home blends modern updates with relaxed beach charm. The spacious kitchen, dining, and living areas flow seamlessly together, creating an ideal layout for entertaining, hosting guests, or enjoying everyday living. Natural light fills the home, highlighting the fresh finishes and professionally designed coastal interior.
Property Features:
• 4 Bedrooms (2 King Suites)
• Bunk Room ideal for guests or flex space
• Updated kitchen and baths
• Open floor plan
• Private backyard retreat
• Large entertaining deck
• Hot tub
• Move-in ready condition
• No HOA Step outside to your private tropical escape. The expansive back deck is designed for relaxation and gatherings, complete with a hot tub, lounge space, and outdoor dining area -- perfect after a day at the beach.
Located in the quiet and desirable Vilano Beach community, you're walking distance to the ocean and just a short drive to:
Historic Downtown St. Augustine
Vilano Beach Town Center
Waterfront dining
Anastasia State Park
Local shops and entertainment
Whether you're searching for a primary residence, second home, vacation property, or short-term rental investment opportunity, Hidden Grove delivers location, flexibility, and coastal charm in one of St. Augustine's most sought-after beach communities.
Beach living. Walkability. Income potential. Coastal lifestyle.
Take advantage of a completely turnkey investment and upto $3500 in closing credits with preferred lender.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by COMPASS FLORIDA LLC | $725,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| May 31, 2023 | No longer available | - | |
| No longer available | |||
| May 27, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017