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 Neptune Beach — a home near Duncan U. Fletcher High School.

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Active

Active·475 days on market

111 Cherry Street

Neptune Beach, FL 32266

$2,500,000$838/sqftEst. $12,892/moMLS# 2082708

Beds

Baths

2,984

Sq Ft

2012

Built

Garage

Pool

About this home

Neptune Beach

This rare Neptune Beach custom built 5BR/5BA ocean-view home is just steps from the sand, with rooftop spa, flexible multi-generational layout, and no flood insurance required. This beach home offers 3BR/3BA, kitchen, living room & laundry on the ground level (fully self-contained!) plus 2BR/2BA upstairs. Enjoy ocean breezes and views from the screened patio and rooftop deck with jacuzzi. This is an ideal layout for guests, extended family, dual-primary living, a private work-from-home space, or live upstairs & rent out downstairs! Features include concrete block first floor, poured concrete second-floor system for reduced sound transfer, brand new 2nd floor HVAC, 1st floor HVAC just 2 years old, central vacuum, gas cooktop, dual tankless water heaters, outdoor shower, 2-car garage, and hardwood & tile flooring. Live the beach life and enjoy the Town Center dining & nightlife. A true gem in one of Neptune Beach's most desirable locations.

Cost to own

Mortgage calculator

Home Price

$2,500,000

Down Payment: 20%

$500,000

Interest Rate: 6.69%

Loan Term

Monthly Payment

$12,892

Principal & Interest: $12,892

Property taxes (est.): $4,082

Insurance (est.): $1,667

Estimated Total Monthly

$18,641

*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$12,892

Property taxesest. at asking price, Duval County$4,082

Estimated total, before insurance$16,974/mo

Seller’s 2024 tax billper the MLS — includes any CDD / assessments$13,528/yr · $1,127/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 (that applies to the reference bill above too).

Cost to own

Taxes & assessment

Year	Market value	Taxable value	Change
2025	$1,673,884	$767,603	—
2024	$1,682,517	$745,263	▼ $408
2023	$1,130,623	$722,100	—
2022	$1,050,546	$699,612	—
2021	$859,825	$677,779	—
2020	$764,744	$667,731	—

2024 property taxes (current owner): $13,528/yr

Estimated taxes if purchased at asking price: ~$49,000/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 3,305 current Duval 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 A

Zone A evacuates first in a storm — typically coastal and surge-prone areas.

Roof: Metal — year not disclosed (home built 2012)

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

Sewer · FL0020407 - City of Neptune Beach · Public water (record)

County records show this parcel on central sewer served by FL0020407 - City of Neptune Beach — no septic system to inspect or maintain.

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

Solar potential: ~1,816 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