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860 LAMBERT AVENUE
About This Property
~Now Offered at an Exceptional Value~
Positioned on nearly half an acre along a quiet, tree-lined cul-de-sac, 860 Lambert Avenue offers 81 feet of direct river frontage and an extraordinary level of versatility.
Over the past couple years, this estate underwent a comprehensive transformation-expanding to 3,880 square feet with a seamless upper-level addition and a fully equipped first floor suite. From the Hardie board exterior and new roof to three new HVAC systems, all-new kitchens, and custom-tiled baths, this property wasn't just refreshed-it was completely reimagined.
The Upper Level: Coastal Living & Elevated Views
Spanning roughly 2,700 square feet, the main residence features four spacious bedrooms, two designer bathrooms, an open living space with a dedicated media area, and a sunroom with 25 foot wall off glass doors. Wall of glass captures the wide water views, leading to a sweeping covered deck. It is the ultimate vantage point for morning coffee over the tide and quiet sunsets across the Matanzas.
Multigenerational Layout & Future Expansion
First Floor In-Law Suite: Features a private exterior entrance, two full bedrooms, a modern bath, a dedicated kitchen, living, and dining areas-ideal for extended family, long-term guests, or executive living.
First floor also offers an effortless canvas for a home office, art studio, or third living suite. It also has a huge sunroom to enjoy the waterfront views. ?It is plumbed for a bath and kitchenette if buyer wanted to create a private suite.
The Grounds & Waterfront Lifestyle
Step outside to expansive lawn space flanked by a mature oak trees and direct river access, complete with a transferable dock permit and riparian rights to build your dream deep-water setup. Watch dolphins break the surface at dawn, launch a kayak from your backyard, or take in the coastal calm.
Community & Location
Lambert Avenue is renowned for its welcoming, old-Florida community feel-a quiet street where flags fly in the summer and neighbors truly know one another. Enjoy complete freedom with no HOA, a 3-car garage with an integrated half bath, and a location just minutes from the beaches, pier, and dining of downtown Flagler Beach.
Select interior images have been virtually staged to showcase space and functionality.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$1,175,000
↓ $75K
(6%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$1,249,900
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by EXP REALTY LLC | $1,300,000 | |
| Listed by EXP REALTY LLC | |||
| Jun 17, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017