317 Magnolia Street, Neptune Beach, FL 32266

Property Description

Start your morning with a sunrise walk on the beach to your favorite coffee shop, play pickleball at Jarboe Park, bike or walk to dinner at the Beaches Town Center, then come home to your own wonderful slice of NEPTUNE BEACH. Just 3 blocks from the ocean, east of 3rd Street and directly across from Jarboe Park, this beautifully updated 3BR/2.5BA home offers the beach lifestyle with something increasingly RARE - a DETACHED GUEST HOUSE with income potential! The 958 SF, 2-story ADU features 2BR/2BA and creates incredible flexibility for rental income, multigenerational living, extended family, guests or a home office. Currently operated as a successful 28-day minimum Airbnb generating approximately $3K+/month. NO HOA and NO FLOOD ZONE. Only 8 blocks to Beaches Town Center, putting restaurants, coffee, shopping and the best of Neptune and Atlantic Beach within an easy walk or bike ride. Live the beach lifestyle while having a separate and flexible space that can work for you! The detached guest house has its own private entrance, separate address (319 Magnolia Street), separate meters and all major appliances. Items currently used in the rental are negotiable, offering the potential for a nearly turnkey setup. Major improvements include NEW roofs and gutters on BOTH homes in 2024, main-house HVAC in 2023 and guest-house HVAC in 2024. The main home received downstairs tile flooring and fresh interior paint in 2026, with wood floors installed in 2010. A fully fenced yard provides privacy and outdoor space, while the extra-wide driveway offers plenty of room for additional parking. This property provides a rare combination of thoughtful updates, flexible living space and practical features in one of Neptune Beach's most desirable locations.