163 E Gulf Beach Dr, Saint George Island, FL 32328

Local realty services provided by:ERA Neubauer Real Estate, Inc.
163 E Gulf Beach Dr,St. George Island, FL 32328
$1,599,000
Virtual Tour
  • 3 Beds
  • 2 Baths
  • 4,140 sq. ft.
  • Condominium
  • Active
Listed by:blalock - gill team
Office:st george island realty, llc.
MLS#:324170
Source:FL_RAFGC

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$386.23

About this home

Looking for a property that offers both steady income and the charm of coastal living? This well-maintained mixed-use building delivers on both fronts. The ground floor features approximately 2,070 sq. ft. of commercial space, currently leased to a long-standing SUBWAY restaurant that has operated here since 2005. With a $5,000/month triple net (NNN) lease, the tenant covers taxes, insurance, and maintenance—making this a true turnkey investment with minimal owner responsibility. This is one of the lowest, remodeled price per square foot properties on the island. Upstairs, the residence mirrors the commercial footprint with another 2,070 sq. ft. of living space. Highlights include two spacious living areas, a beautiful great room, three generously sized bedrooms, and two full baths. One of the largest condo-style units on the island, it's currently a successful short-term rental on VRBO and Airbnb, generating $68,553 in Gross Rental Income (GRI) for 2024. Recent upgrades include a

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Home facts

  • Year built:2001
  • Listing ID #:324170
  • Added:1 day(s) ago
  • Updated:September 27, 2025 at 03:10 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:4,140 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Central Electric

Structure and exterior

  • Roof:Shingle
  • Year built:2001
  • Building area:4,140 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Private, Water Connected
  • Sewer:Aerobic Septic

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$386.23
  • Tax amount:$4,249 (2024)
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