This home is in Yulee — a home near Yulee High School.
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Sold·Closed Aug 26, 2025·12 days on market·Recent sales in Yulee
85240 Megan Street
Yulee, FL 32097
About this home
Yulee
Opportunity Knocks in Yulee! Over 1 Acre with Utilities-Priced Near Land Value Don't miss this rare chance to own just over an acre on a paved road in desirable Nassau County, near a growing new construction community. Located in an established residential area, this property is ideal for investors, builders, or anyone seeking a value-add opportunity. Existing well and septic system on site, saving thousands in infrastructure costs. A mobile home is present but in poor condition and not considered rehab-worthy. The property is in foreclosure. There may be a subject-to opportunity for investors. The existing mortgage is around $62K, with a 7-8% interest rate, plus attorney/court costs. The list price reflects mainly land value and covers fees and related expenses. With Yulee's continued growth and strong demand in Nassau County, this is perfect for land banking, buy-and-hold, or a future flip. Buyer to verify all details. Call for a no-pressure consultation. Drive-by only.
Next steps in Yulee
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.
Storms & insurance
Florida Reality Check
The storm-and-insurance facts every Florida buyer should know up front.
Flood zone not yet determined
Check the exact parcel at msc.fema.gov or ask Krista to pull it.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Evacuation zone not yet determined
Check floridadisaster.org/knowyourzone.
Roof: Shingle — year not disclosed (home built 1989)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Solar potential: ~1,507 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 homeThis 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.
Around this address
Nearby, from public data
The closest public beach, park, water access, league fields and grocery store from this home's location.
Closest beach parking
Scott Road Beach Accessabout 8 mi · 100 parking spaces
Closest park or preserve
Egans Creek Greenwayabout 9 mi · 3.6 mi of trails
Closest public boat ramp
Melton Nelson Park and Boat Rampabout 2 mi · Lofton Creek
Closest kayak & paddleboard launch
Betz – Tiger Point Preserve Edwards Creek Day Use Area Kayak Launchabout 9 mi · Edwards Creek
Closest grocery store
Aldiabout 2 mi · 463689 State Road 200, Yulee
Not from the MLS. Places from FWC, FDEP, the water districts, the counties and the cities; stores from state food permits and each chain’s store list. Distances are straight-line from this home unless a drive time is shown. Fees, hours and access change, so check the agency’s page before you go.
Cost to own
Taxes & assessment
2024 property taxes (current owner): $238/yr
Estimated taxes if purchased at asking price: ~$1,900/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, NEFMLS.
Closed sales
What sold nearby
Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $238/sq ft; this home is listed at $67/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 85043 Megan Street, Yulee, FL 32097Listed by NON MLS (realMLS) | Aug 2026 | $176,000 | $183 | 2/1 | 960 | 0 | 0.2 |
| 85487 Ashley Avenue, Yulee, FL 32097Listed by FLORIDA'S CHOICE REALTY LLC | May 2026 | $249,900 | $238 | 2/2 | 1,052 | 5 | 0.4 |
| 85456 Miner Road, Yulee, FL 32097Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | Sep 2026 | $526,000 | $313 | 3/2 | 1,680 | 5 | 0.5 |
| 86415 Sand Hickory Trail, Yulee, FL 32097Listed by PALM III REALTY AND PROPERTY M | Aug 2026 | $340,000 | $250 | 3/2 | 1,361 | 75 | 0.5 |
| 85356 Ashley Avenue, Yulee, FL 32097Listed by FERNANDINA BEACH REALTY | Jun 2026 | $274,500 | $176 | 3/2 | 1,560 | 23 | 0.5 |
| 85279 Ashley Avenue, Yulee, FL 32097Listed by BEYCOME OF FLORIDA LLC | Jul 2026 | $300,000 | $185 | 3/2 | 1,620 | 13 | 0.6 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.
Features
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: COOL REALTY LLC
Sold by: COOL REALTY LLC (buyer's brokerage)
Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
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Krista Fracke
Broker Associate
This home sold on Aug 26, 2025. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.
Text Krista about this saleHomes for sale nearby →20+ years · 500+ closings · NE Florida
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