This home is in Ocean Terrace, Jacksonville Beach.

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Active Under Contract

Active Under Contract·71 days on market·Ocean Terrace

3976 Palm Way

Jacksonville Beach, FL 32250

$724,900$332/sqftEst. $3,858/moMLS# 2143615

Beds

Baths

2,186

Sq Ft

2013

Built

Garage

Pool

About this home

Ocean Terrace

Live the South Jax Beach lifestyle--walk or bike to the beach, grocery stores, and local restaurants from this ideally located home. With NO HOA or CDD - This lovely property sits on a desirable corner lot and has been well maintained. It offers brand new interior paint and carpet and is truly move-in-ready. Enjoy a spacious, fully fenced backyard with room for a pool, boat parking, and outdoor entertaining. The open-concept floor plan is perfect for gatherings, featuring a large kitchen with a prep island, granite countertops, stainless steel appliances, and a walk-in pantry--all seamlessly connected to the dining and living areas. The primary suite is conveniently located on the first floor and features a generous bathroom with a large walk-in shower and a spacious walk-in closet. Upstairs, you'll find three additional bedrooms, a full bathroom, and a dedicated laundry room. Storage is abundant throughout the home, including a secondary laundry hookup tucked neatly under the stairs

Cost to own

Mortgage calculator

Home Price

$724,900

Down Payment: 20%

$144,980

Interest Rate: 6.49%

Loan Term

Monthly Payment

$3,662

Principal & Interest: $3,662

Est. Taxes & Insurance: $915

Estimated Total Monthly

$4,577

*Estimates based on 30-year loan at 6.49% APR (avg 30-yr rate 2026-07-09, Freddie Mac PMMS via FRED). Actual payments 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 · 7.0% · 30yr$3,858

Property taxesest. at asking price, Duval County$1,184

Estimated total, before insurance$5,042/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, SilverLeaf, eTown…), bond assessments are collected on the property-tax bill — the tax estimate above reflects county averages, so confirm this home’s exact CDD with us.
• 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.

Cost to own

Taxes & assessment

Year	Market value	Taxable value	Change
2025	$817,880	$386,056	—
2024	$676,842	$374,469	—
2023	$566,315	$362,106	—
2022	$535,164	$350,103	—
2021	$445,930	$338,450	—
2020	$433,086	$433,086	—

Estimated taxes if purchased at asking price: ~$14,200/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 — 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 B

Zone B evacuates after zone A in an approaching storm.

Roof: material not specified — year not disclosed (home built 2013)

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

Likely septic

County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,767 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

Informational only, based on FEMA National Flood Hazard Layer and Florida Division of Emergency Management data at this property’s coordinates. Zones change with map revisions — verify the parcel at msc.fema.gov and floridadisaster.org/knowyourzone before relying on this.

History