This home is in Waters Edge Condos, Jacksonville Beach — an oceanfront home in Northeast Florida.
Active·233 days on market·Waters Edge Condos
123 1st Street S 501
Jacksonville Beach, FL 32250
About this home
Waters Edge Condos
Best price on the beach for the size!!! Live the ultimate beach lifestyle in this stunning 3-bedroom, 3-bath oceanfront condo in the heart of Jacksonville Beach. Enjoy breathtaking views from two oceanfront balconies, including a private one off the primary suite. The spacious covered porch with summer kitchen is perfect for entertaining while soaking in the sights and sounds of the Atlantic. Inside, you'll find an updated kitchen with high-end appliances, tile floors, a gas fireplace, and abundant natural light throughout. Premiere location just steps from top dining, shopping, and vibrant local hotspots. Garage parking, a beautiful oceanfront pool, and direct beach access complete the package. This is coastal living at its best! Ask about our preferred membership opportunities at the Ponte Vedra Inn & Club and The Lodge & Club.
Cost to own
Mortgage calculator
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • 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 | $713,450 | $713,450 | — |
| 2024 | $713,450 | $703,034 | — |
| 2023 | $713,450 | $639,122 | — |
| 2022 | $713,450 | $581,020 | — |
| 2021 | $528,200 | $528,200 | — |
| 2020 | $528,200 | $528,200 | — |
2024 property taxes (current owner): $13,121/yr
Estimated taxes if purchased at asking price: ~$24,500/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 (shaded) — moderate flood risk (0.2% annual chance)
Flood insurance is optional but often inexpensive here — worth pricing.
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: material not specified — year not disclosed (home built 2006)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Sewer records conflict — verify
The MLS lists “Public Sewer”, while Florida DOH records suggest an onsite septic system. Don’t rely on either — confirm the actual system, and if septic is possible, budget an inspection, before you offer.
Sources: MLS listing + Florida DOH Water Management Inventory (public record).
Solar potential: ~1,656 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 homeAs 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
Price & status history
- Jan 9, 2026Listed$1,250,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
Community Information
Amenities
Interior
Exterior
Additional Information
The neighborhood
About Waters Edge Condos
Waters Edge Condos is a neighborhood in Jacksonville Beach, FL (Duval County), ZIP 32250.
View all Waters Edge Condos homes for sale →Listing Courtesy of: PONTE VEDRA CLUB REALTY, INC.
Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).
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Your Local Realtor
Krista Fracke
Broker Associate
Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.
Text Krista about this home20+ years · 500+ closings · NE Florida
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Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines