166 MARTIN LUTHER KING Avenue Located in the heart of St. Augustine's sought-after Historic Lincolnville District, this 1930 Craftsman-style residence is priced below appraised value, creating a compelling opportunity for investors, short-term rental operators, or buyers looking to secure a character-rich home with immediate built-in value. Offering a rare combination of historic character, modern livability, and investment potential, this property stands out in one of the city's most walkable and desirable neighborhoods. Spanning 1, 708 square feet, the home features three generously sized bedrooms and two full bathrooms, including a primary ensuite--an uncommon and highly desirable feature for a home of this era. Classic architectural details, a 2019 metal roof, updated 2021 windows, and an inviting covered front porch all contribute to the home's charm, functionality, and long-term appeal. The open floor plan creates an easy flow between the main living areas and the spacious kitchen, which includes a pantry for added functionality. A separate laundry room provides everyday convenience, while the rear deck, fenced front and backyard, and mature shade trees enhance the outdoor living experience. With no HOA or CDD, the property offers flexibility and freedom, including strong short-term rental potential, subject to applicable local regulations. Just minutes from Historic Downtown St. Augustine, dining, entertainment, cultural landmarks, and local amenities, this Lincolnville home delivers authentic Old City character with modern comfort and income-producing possibilities in an exceptional location.