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Versatile commercial opportunity located within the city limits of St. Augustine, featuring CL-1 zoning that allows for a wide range of residential and business uses. This flexibility makes the property ideal for investors, owner-operators, or those seeking multiple income streams. Situated on a fully fenced 0.4-acre parcel with over 100 feet of frontage along Masters Drive, the property blends historic character with functional commercial infrastructure. The site includes a late-1800s Florida-style home offering approximately 1,343 square feet of heated and cooled space. Interior features include original heart pine flooring, spacious rooms with high ceilings, solid wood walls and ceilings, and multiple flex spaces suitable for bedrooms, offices, or work areas. The home has been thoughtfully updated with a new 5V crimp metal roof, 200-amp electrical service, central HVAC, updated PVC plumbing, an on-demand gas water heater, and a monitored alarm system. In addition to the main residence, the property features a 1,222-square-foot detached storage building with four separate bays, roll-up doors, electricity, and lighting—ideal for contractor use, storage income, or small business operations. The grounds are both functional and attractive, with mature live oak and cedar trees, established landscaping, brick-paved driveways, ample off-street parking, and a large roll-back gate for added privacy. The property is serviced by city water, sewer, and garbage, and is located in Flood Zone X (high and dry). With its zoning and layout, the property supports a variety of uses, including an owner-occupied residence, long- or short-term rental, restaurant, retail space, office, contractor yard, equipment storage, or a mixed-use investment with multiple tenants. 86 Masters Drive offers a unique opportunity—whether you're seeking an office/warehouse with abundant parking or a residence with room to expand. Contact our office today to schedule a showing and ask for the detailed features sheet.

Highlights

  • Commercial Sale
  • Built in 1920
  • 0.4 Acre Lot
  • 196 days on Market

  • Year Built
    1920
  • Construction Materials
    Wood Siding
  • Flooring
    Wood
  • Security Features
    Security System
  • Cooling
    Central Air

  • Acres
    0.4
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 86 Masters Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 86 Masters Dr.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 86 Masters Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $679,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Saint Augustine, and can even get you in to see the property quickly.

How do I get a virtual tour of 86 Masters Dr?

Yes! A virtual tour is available for 86 Masters Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 86 Masters Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 86 Masters Dr at around $4,090. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 86 Masters Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Saint Johns County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 86 Masters Dr?

In most cases, yes. Whether 86 Masters Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Saint Augustine's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 86 Masters Dr?

We can handle that for you. Our preferred local agent specializes in commercial sales in Saint Augustine and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $679,000 with 2,565 sqft of space—that comes out to approximately $265 per square foot.

How long has this property been on the market?

86 Masters Dr was listed on April 26, 2026, which means it's been on the market for 196 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1920, making it approximately 106 years old.

What is the lot size of this property?

86 Masters Dr sits on a 0.4-acre lot, which is 17,424 square feet.

What are the property taxes for 86 Masters Dr?

The most recent public record shows annual property taxes for 86 Masters Dr were approximately $4,903. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 86 Masters Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, St Augustine and St Johns County BOR. All rights reserved.

Last Updated: November 08, 2026 at 11:34AM | Source: St Augustine and St Johns County BOR | MLS#: 262068

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