This home is in St. Augustine Beach.
Active·20 days on market
31 Magnolia Drive
St. Augustine Beach, FL 32080
About this home
St. Augustine Beach
We are proud to present this amazing Anastasia Island multi-family property in St. Augustine, FL. These are two completely renovated beach lifestyle bungalows. Each has been thoughtfully updated with New Flooring, New Kitchen cabinets, New Bathrooms, Granite Counters, New Stainless Steel kitchen appliances, Recessed lighting, HVAC, New Ceiling fans, On Demand Hot Water, New Electrical Wiring, New insulation, too much to list. Ceilings have been updated with smooth finishes. The main decking has been replaced with Cool-Trex synthetic decking for easy maintenance, longevity and cooler temperatures on bare feet. This two unit property features two separate 1st floor storage and laundry areas. This is a peaceful community within walking distance to St. Augustine's best attractions, restaurants and cafes. Conveniently located within a quick 5 - 10 mins drive of the beach and a variety of stores and banks. Grab your bike and go everywhere.
Cost to own
Mortgage calculator
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
- • In CDD communities (Nocatee, SilverLeaf, eTown…), bond assessments are collected on the property-tax bill — the tax estimate above reflects county averages, so confirm this home’s exact CDD with us.
- • Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be.
Cost to own
Taxes & assessment
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $433,339 | $353,580 | — |
| 2025 | $294,516 | $73,942 | — |
| 2024 | $427,977 | $321,436 | — |
| 2024 | $271,142 | $71,151 | ▼ $582 |
| 2023 | $436,075 | $292,215 | — |
| 2023 | $256,695 | $67,623 | — |
| 2022 | $341,442 | $265,650 | — |
| 2022 | $246,840 | $64,198 | ▲ $32,927 |
| 2021 | $272,929 | $241,500 | — |
| 2021 | $187,456 | $60,872 | — |
| 2020 | $220,960 | $219,545 | — |
| 2020 | $178,575 | $59,342 | ▲ $12,070 |
2025 property taxes (current owner): $7,598/yr
Estimated taxes if purchased at asking price: ~$12,500/yr
Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Estimate uses the median effective rate across 1,595 current St. Johns listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), NEFMLS.
Storms & insurance
Florida Reality Check
The storm-and-insurance facts every Florida buyer should know up front.
Zone X (shaded) — moderate flood risk (0.2% annual chance)
Flood insurance is optional but often inexpensive here — worth pricing.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Hurricane evacuation zone A
Zone A evacuates first in a storm — typically coastal and surge-prone areas.
Roof: Metal — year not disclosed (home built 1941)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Likely septic · Public water (record)
County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.
Source: Florida DOH Water Management Inventory (public record).
Solar potential: ~1,688 usable sun-hours per year
A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.
Krista can connect you with local insurance quotes before you make an offer.
Ask about this homeInformational only, based on FEMA National Flood Hazard Layer and Florida Division of Emergency Management data at this property’s coordinates. Zones change with map revisions — verify the parcel at msc.fema.gov and floridadisaster.org/knowyourzone before relying on this.
History
Price & status history
- Jun 26, 2026Listed$779,900
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: ASSET MONETIZATION PARTNERS
Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).
Keep looking
More homes in Anastasia Park
Active Under Contract$1,080,000MLS# 2128721Est. $5,748/mo2502 Oleander Street, St. Augustine, FL 320804 Beds3 Baths2,395 sqftReady by end or May! A new Colour Home model has arrived on Anastasia Island. Nestled within a quiet residential…
ResidentialCOLOUR HOMES REALTY
Pending$450,000MLS# 2147391Est. $2,395/mo2448 Oleander Street, St. Augustine, FL 320803 Beds2 Baths1,430 sqftNestled in one of Anastasia Island's most sought-after neighborhoods, this .38 acres DOUBLE NO HOA lot that is easily…
ResidentialREALTY ONE GROUP ELEVATE
Keep looking
Similar homes in St. Augustine Beach
Your Local Expert
Krista Fracke
Broker Associate
Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.
Text Krista about this home20+ years · 500+ closings · NE Florida
Curious what nearby homes sold for?
MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.
Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines