Work directly with Krista on any home here · Broker Associate · 20+ years · 500+ closings · Christie's International Real Estate First Coast

This home is in Fernandina Beach.

1 / 5

Active

Active·323 days on market

1015 Atlantic Avenue 407

Fernandina Beach, FL 32034

$1,250,000$1068/sqftEst. $6,446/moMLS# 2038157

Beds

Baths

1,170

Sq Ft

2027

Built

—

Garage

Pool

About this home

Fernandina Beach

Last Unit Available on the 4th Floor at Park Place on Atlantic - Luxury 55+ Living in the Heart of Fernandina Beach Just 1.6 miles from the beach and two blocks from historic Centre Street, Park Place on Atlantic offers elegant, low-maintenance living in a boutique 32-unit community. Designed with modern convenience and timeless charm, each residence features premium finishes, top-tier appliances, smart home technology, and private terraces. Enjoy exclusive amenities including a resort-style pool with a jetted spa, fitness center, rooftop terrace, covered parking, EV charging, private storage, and a guest suite. While tailored for 55+ residents, this community welcomes anyone seeking a refined, walkable coastal lifestyle. Come home to Park Place on Atlantic—where comfort, quality, and location come together.

Cost to own

Mortgage calculator

Home Price

$1,250,000

Down Payment: 20%

$250,000

Interest Rate: 6.69%

Loan Term

Monthly Payment

$6,446

Principal & Interest: $6,446

Property taxes (est.): $1,726

Insurance (est.): $833

Estimated Total Monthly

$9,005

*30-year loan at 6.69% APR (avg 30-yr rate 2026-08-06, Freddie Mac PMMS via FRED). Taxes use the county effective rate; insurance is a rough estimate — Florida premiums swing with roof age and flood zone (see the Reality Check). Actual costs may vary.

Cost to own

True monthly cost

What this home actually costs per month at the asking price — not just the mortgage.

Principal & interest20% down · 6.69% · 30yr$6,446

Property taxesest. at asking price, Nassau County$1,726

HOAbilled monthly$848

Estimated total, before insurance$9,020/mo

• Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
• In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
• Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be.

Cost to own

Taxes & assessment

Last sold: $2,000,000 in October 2023(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$720,000	$663,607	—
2024	$632,022	$632,022	—
2023	$632,356	$632,356	—
2022	$600,200	$600,200	—
2021	$371,162	$371,162	—
2020	$371,342	$371,342	—

Estimated taxes if purchased at asking price: ~$20,700/yr

Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Estimate uses the median effective rate across 435 current Nassau listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), NEFMLS.

Storms & insurance

Florida Reality Check

The storm-and-insurance facts every Florida buyer should know up front.

Zone X — minimal flood hazard

Flood insurance is typically not required by lenders (always optional).

Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.

Hurricane evacuation zone B

Zone B evacuates after zone A in an approaching storm.

Roof: Concrete — year not disclosed (home built 2027)

Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.

Sewer (public record) · Public water (record)

County records show this parcel on central sewer — no septic system to inspect or maintain.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,681 usable sun-hours per year

A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.

Krista can connect you with local insurance quotes before you make an offer.

Ask about this home

As of July 2026, this Reality Check is informational only — it draws on FEMA/FDEM hazard layers, Florida DOH water records, and the listing’s own fields at this property’s coordinates. None of it is a determination, survey, or inspection, and public records can lag or conflict with on-site conditions. Independently verify anything you’ll rely on: the flood zone at msc.fema.gov and floridadisaster.org/knowyourzone (and confirm flood-insurance cost with your lender and a licensed insurance agent), and the sewer/septic, roof, and utilities with a professional inspection.

History