This home is in Neptune Beach — a home near Duncan U. Fletcher High School.
Active·144 days on market
317 Magnolia Street
Neptune Beach, FL 32266
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Krista Fracke, Broker Associate. You'll hear back from me directly, not from a call center.
About this home
Neptune Beach
Start your morning with a sunrise walk on the beach to your favorite coffee shop, play pickleball at Jarboe Park, bike or walk to dinner at the Beaches Town Center, then come home to your own wonderful slice of NEPTUNE BEACH. Just 3 blocks from the ocean, east of 3rd Street and directly across from Jarboe Park, this beautifully updated 3BR/2.5BA home offers the beach lifestyle with something increasingly RARE - a DETACHED GUEST HOUSE with income potential! The 958 SF, 2-story ADU features 2BR/2BA and creates incredible flexibility for rental income, multigenerational living, extended family, guests or a home office. Currently operated as a successful 28-day minimum Airbnb generating approximately $3K+/month. NO HOA and NO FLOOD ZONE. Only 8 blocks to Beaches Town Center, putting restaurants, coffee, shopping and the best of Neptune and Atlantic Beach within an easy walk or bike ride. Live the beach lifestyle while having a separate and flexible space that can work for you!
Next steps in Neptune Beach
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 (that applies to the reference bill above too).
Mortgage calculator — adjust rate & down payment
Cost to own
Mortgage calculator
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: Shingle — year not disclosed (home built 1980)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Sewer · FL0020407 - City of Neptune Beach · Public water (record)
County records show this parcel on central sewer served by FL0020407 - City of Neptune Beach — no septic system to inspect or maintain.
Source: Florida DOH Water Management Inventory (public record).
Solar potential: ~1,809 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 homeAs 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.
Sun & Light
South-facing backyard — the year-round light lot
The listing reports the home facing north, which puts the backyard on the south side. Today at this address: sunrise 7:27 AM, sunset 6:56 PM.
- The rear gets sun through the day in every season — in winter, the low southern sun keeps the lanai and yard bright when north-facing yards go flat.
- A pool back here takes sun most of the day, which means warmer water in the shoulder seasons and the most useful screened-lanai light for plants.
- Summer afternoons are strong but not the direct western blast — shade sails or lanai screening handle it.
Orientation per the MLS listing; sun paths are seasonal geometry for Northeast Florida, not a shade study — trees, screening, and neighboring structures change the picture on any specific lot.
Cost to own
Taxes & assessment
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $671,403 | $333,528 | — |
| 2024 | $671,830 | $323,421 | — |
| 2023 | $618,668 | $312,545 | — |
| 2022 | $564,388 | $301,986 | — |
| 2021 | $423,702 | $291,734 | — |
| 2020 | $416,906 | $287,016 | — |
2025 property taxes (current owner): $6,105/yr
Estimated taxes if purchased at asking price: ~$23,400/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.
History
Price & status history
- Sep 21, 2026Price change$1,195,000−$55,000
- Aug 10, 2026Price change$1,250,000−$25,000
- Jul 21, 2026Price change$1,275,000−$24,000
- Jul 7, 2026Price change$1,299,000−$46,000
- May 22, 2026Listed$1,345,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
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 $517/sq ft; this home is listed at $512/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 541 Myra Street, Neptune Beach, FL 32266Listed by DJ & LINDSEY REAL ESTATE | Oct 2026 | $660,000 | $356 | 4/2 | 1,854 | 5 | 0.4 |
| 707 Cedar Court, Neptune Beach, FL 32266Listed by WATSON REALTY CORP | Sep 2026 | $890,000 | $517 | 4/2 | 1,720 | 4 | 0.5 |
| 1017 Hagler Drive, Neptune Beach, FL 32266Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | Sep 2026 | $1,000,000 | $455 | 4/3 | 2,200 | 3 | 0.5 |
| 1024 Neptune Lane, Neptune Beach, FL 32266Listed by SIGNATURE REALTY & MANAGEMENT | Sep 2026 | $1,100,000 | $422 | 4/3.5 | 2,605 | 90 | 0.7 |
| 57 Sherry Drive, Atlantic Beach, FL 32233Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | Sep 2026 | $1,380,000 | $640 | 3/2.5 | 2,155 | 22 | 0.7 |
| 120 Beach Avenue, Atlantic Beach, FL 32233Listed by WATSON REALTY CORP | Aug 2026 | $2,000,000 | $801 | 5/3 | 2,496 | 64 | 0.7 |
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
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
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
Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.
Text Krista about this home20+ years · 500+ closings · NE Florida
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