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Active

Active·126 days on market

761 Wax Wing Lane

Fernandina Beach, FL 32034

$175,000Est. $892/moMLS# 2136674

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Garage

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About this home

Fernandina Beach

*Motivated Seller* Build on Amelia Island without the headaches. This 0.35 acre cleared lot in Fernandina Beach is ready to go right now. No clearing, no trees to remove, no delays. Water, sewer, electric, and cable are already connected. Impact fees are reduced because a home previously existed here, saving you thousands before you break ground. And at just 1.5 miles from the beach on one of Florida's most sought after islands, the location speaks for itself. Location is hard to beat: Approx. 1.5 miles to the beach Approx. 2 miles to historic downtown Fernandina Quick access to shopping, dining, and year round events This is a rare opportunity to build in one of the most desirable areas in Nassau County without starting from raw land. Ideal for: Primary residence Second home Short term rental investment No HOA, giving you flexibility with your build and use.

Cost to own

Mortgage calculator

Home Price

$175,000

Down Payment: 20%

$35,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$892

Principal & Interest: $892

Property taxes (est.): $242

Insurance (est.): $117

Estimated Total Monthly

$1,251

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, 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 · 6.58% · 30yr$892

Property taxesest. at asking price, Nassau County$242

Estimated total, before insurance$1,134/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$1,632/yr · $136/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	$136,203	$84,343	—
2024	$135,453	$76,675	—
2023	$105,081	$69,705	—
2022	$104,569	$63,368	—
2021	$79,595	$57,607	—
2020	$63,411	$52,370	—

2025 property taxes (current owner): $1,632/yr

Estimated taxes if purchased at asking price: ~$2,900/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 (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.

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. County records indicate a private well — a water-quality test is a standard (and cheap) pre-closing step.

Sources: MLS listing + Florida DOH Water Management Inventory (public record).

Solar potential: ~1,385 usable sun-hours per year

Moderate solar exposure — shade or roof orientation limits panel output here.

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