Nestled in the desirable Fullerwood neighborhood, just minutes from historic downtown St. Augustine and Vilano Beach, this updated bungalow with a brand-new HVAC, offers charm, flexibility, and outstanding value with no HOA or CDD, and a compelling investment opportunity. With its prime location near dining, shopping, beaches, and the historic district, this property is ideally positioned for use as a short-term rental or vacation home. The flexible layout, including a bonus enclosed flex space that can function as an additional sleeping area, allows the home to comfortably accommodate guests, while the unique character and outdoor living spaces enhance its appeal to visitors seeking an authentic St. Augustine experience. Strong tourism demand in the area further supports its potential for Airbnb or seasonal rental income, subject to local regulations and buyer verification. At the heart of the home is a beautifully designed gourmet kitchen featuring a gas cooktop, oversized island, custom cabinetry, and abundant counter space, all opening to light-filled living areas with soaring ceilings which makes it ideal for both everyday living and entertaining. In addition to two spacious ensuite bedrooms, the home includes a versatile enclosed flex space with a door and window, perfect for a guest room, home office, or additional sleeping area. The expansive screened-in patio creates a private outdoor retreat, while the detached shed/workshop offers incredible potential and could easily be transformed into a studio, creative space, or separate retreat. Blending character, functionality, and location, this is a unique opportunity to enjoy the best of St. Augustine living.