5484 5th Street

Enjoy the best of island living and investment potential at this fully furnished, turnkey property nestled between the Matanzas River and Butler Beach. Offering a flexible two-level layout with 5 bedrooms and 3 baths total, the home provides the opportunity for multiple living or income-producing arrangements. Enjoy the home as one 2-story house, live on one level and rent the other, or operate two separate investment units - both of which have strong rental income history. The first floor features 2 bedrooms, 1 full bath and a kitchenette, with one bedroom currently staged as a comfortable living area. Upstairs, the main living space offers a full kitchen, 3 bedrooms and 2 baths, along with beautiful marsh views. Step onto the spacious upper deck to take in spectacular sunset views over the marsh while relaxing around the fire table. Outdoor living continues with a hot tub, extended deck, fenced rear yard and BBQ area - perfect for unwinding after a day on the water or at the beach. An oversized 2-car garage provides exceptional space for boats, beach gear, bikes, kayaks and all your Florida toys. The extended driveway allows for an additional four vehicles. The location is hard to beat: just one block from the Intracoastal Waterway and a public boat ramp, less than a mile from the Butler Beach access ramp with 4x4 beach access, and approximately 9 miles from Historic Downtown St. Augustine. Recent improvements add even more value and peace of mind, including a new roof and gutters (2022), crawl space encapsulation with dehumidifier (2025), new downstairs HVAC (2022), hot tub and deck extension, electrical improvements, rear fencing, washer and dryer, painting, new doors and additional updates within the past few years. Offered fully furnished with thoughtfully selected furniture and decor, this unique property is ready for its next owner to enjoy as a primary residence, second home or income-producing coastal retreat.