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Active

Active·152 days on market

1315 S 8th Street

Fernandina Beach, FL 32034

$2,250,000Est. $11,555/moMLS# 2123021

Beds

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Garage

Pool

About this home

Fernandina Beach

Maximize the Live Local Act on this prime 1.62-acre site, a rare commercial gem on Amelia Island. With 579' of frontage on A1A, this parcel is the ultimate gateway to Fernandina Beach, offering the scale needed for high-density mixed-use development. Nassau County is facing a critical housing gap; currently, only 44% of the local workforce lives in the county, with thousands of essential workers commuting hours due to a lack of attainable housing. With median home values at $669,620 and an 8% population surge, the demand for workforce units is at an all-time high. Zoned Commercial Intensive (CI) in unincorporated Nassau County, you benefit from lower taxes and the strategic option to annex into the City of Fernandina Beach for municipal utilities. By dedicating units to workforce housing, you can bypass local density/height caps and secure substantial property tax exemptions. Capitalize on this development-ready site where luxury demand meets a desperate need for housing.

Cost to own

Mortgage calculator

Home Price

$2,250,000

Down Payment: 20%

$450,000

Interest Rate: 6.65%

Loan Term

Monthly Payment

$11,555

Principal & Interest: $11,555

Property taxes (est.): $3,106

Insurance (est.): $1,500

Estimated Total Monthly

$16,162

*30-year loan at 6.65% APR (avg 30-yr rate 2026-08-20, 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 · 6.65% · 30yr$11,555

Property taxesest. at asking price, Nassau County$3,106

Estimated total, before insurance$14,662/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$10,798/yr · $900/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	$1,026,409	$475,032	—
2024	$431,847	$431,847	—
2023	$431,847	$431,847	—
2022	$448,834	$448,834	▲ $101,925
2021	$405,887	$405,887	▲ $116,550
2020	$291,831	$291,831	—

2025 property taxes (current owner): $10,798/yr

Estimated taxes if purchased at asking price: ~$37,300/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 A

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

Roof: material not specified

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

Solar potential: ~1,747 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