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This home is in Fernandina Beach — a waterfront home in Nassau County.

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Active

Active·134 days on market

85507 Fall River Parkway

Fernandina Beach, FL 32034

$699,900$330/sqftEst. $3,598/moMLS# 2140533

Beds

Baths

2,120

Sq Ft

2022

Built

Garage

Pool

About this home

Fernandina Beach

PRICE IMPROVEMENT! Exceptional value in one of the area's most desirable communities. Welcome to 85507 Fall River Parkway in Fernandina Beach, a beautifully upgraded 3-bedroom, 2.5-bath WATERFRONT home on an OVERSIZED LOT in Amelia Walk. This property features a rare 3-car garage plus RV/BOAT GARAGE, paver driveway, and fully fenced yard. Inside offers luxury vinyl plank flooring throughout (no carpet), double glass sliding doors to a screened lanai, and a stunning kitchen with quartz countertops, oversized island, large quartz sink, induction cooktop, and GE Profile appliances. CUSTOMIZED pantry, walk-in primary closet, and laundry room add function and style. Community amenities include a clubhouse, pool with sundecks, fitness center, tennis and pickleball courts, lake with gazebo, playground, and soccer field. With high-end finishes, practical upgrades, and exceptional community features, this home offers both comfort and lifestyle in a prime waterfront setting!

Cost to own

Mortgage calculator

Home Price

$699,900

Down Payment: 20%

$139,980

Interest Rate: 6.66%

Loan Term

Monthly Payment

$3,598

Principal & Interest: $3,598

Property taxes (est.): $966

Insurance (est.): $467

Estimated Total Monthly

$5,031

*30-year loan at 6.66% APR (avg 30-yr rate 2026-08-27, 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 · 6.66% · 30yr$3,598

Property taxesest. at asking price, Nassau County$966

HOAbilled annually$7

Estimated total, before insurance$4,572/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$10,471/yr · $873/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

Last sold: $645,900 in November 2022(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$544,118	$389,349	—
2024	$523,151	$377,669	—
2023	$502,256	$365,213	—
2022	$65,000	$65,000	—
2021	$40,000	$40,000	—
2020	$14,661	$14,661	—

2025 property taxes (current owner): $10,471/yr

Estimated taxes if purchased at asking price: ~$11,600/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 E

Zone E evacuates after zones A, B, C, D in an approaching storm.

Roof: Shingle — year not disclosed (home built 2022)

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

Solar potential: ~1,736 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

Price & status history

Aug 3, 2026Price change$699,900−$25,100
Apr 17, 2026Listed$725,000

History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.

Features

Price$699,900

Price / Sq Ft$330

Bedrooms3

Bathrooms2.50

Full Baths2

Half Baths1

Square Footage2,120

Acres0.31 acres

Year Built2022

TypeResidential

Sub-TypeSingle Family Residence

StyleTraditional

StatusActive

# of Garages3

Has PoolNo

Is WaterfrontYes

Community Information

Address85507 Fall River Parkway, Fernandina Beach, FL 32034

Area472-Oneil/Nassaville/Holly Point

SubdivisionAmelia Walk

CityFernandina Beach

CountyNassau

StateFL

Zip Code32034

Lot Size13,503.6 sq ft

Parcel Number132N27072300980000

ZoningPUD

Amenities

AmenitiesPool, Clubhouse, Fitness Center, Pickleball, Playground, Tennis Court(s)

UtilitiesCable Available, Electricity Connected, Sewer Connected, Water Connected

SewerPublic Sewer

Water SourcePublic

ParkingGarage, Garage Door Opener, RV Access/Parking

ViewPond

Waterfront TypePond

Interior

Interior FeaturesCeiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Smart Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)

AppliancesDishwasher, Disposal, Dryer, Electric Oven, Induction Cooktop, Microwave, Refrigerator, Washer, Water Softener Owned

HeatingCentral

CoolingCentral Air

FlooringVinyl

# of Stories1

LevelsOne