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Active Under Contract

Active Under Contract·54 days on market

230 Margaret Street

Neptune Beach, FL 32266

$1,350,000$662/sqftEst. $7,185/moMLS# 2146644

Beds

Baths

2,040

Sq Ft

1977

Built

—

Garage

Pool

About this home

Neptune Beach

Rare duplex opportunity east of Third Street in the heart of Neptune Beach. 230 Margaret Street features two spacious 2-bedroom, 2-bath units, each approximately 1,020 square feet, with strong rental potential in one of Northeast Florida's most desirable coastal markets. Constructed with durable concrete block construction, the property offers long-term durability and low-maintenance ownership. Each unit includes in-unit laundry, generous living space, and access to an oversized shared deck ideal for outdoor entertaining and beachside living. Additional features include off-street parking, a covered carport, and a roof replaced approximately three years ago. Ideally located just two blocks from the ocean with walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors, owner-occupants, or those seeking a premier beachside asset.

Cost to own

Mortgage calculator

Home Price

$1,350,000

Down Payment: 20%

$270,000

Interest Rate: 6.49%

Loan Term

Monthly Payment

$6,819

Principal & Interest: $6,819

Est. Taxes & Insurance: $1,705

Estimated Total Monthly

$8,524

*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$7,185

Property taxesest. at asking price, Duval County$2,204

Estimated total, before insurance$9,390/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

Last sold: $990,000 in May 2022(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$156,605	$28,890	—
2025	$899,843	$899,843	—
2024	$153,057	$27,368	—
2024	$1,025,912	$936,349	—
2023	$151,250	$25,115	—
2023	$812,107	$812,107	—
2022	$133,799	$25,000	—
2022	$719,669	$649,337	—
2021	$110,575	$25,000	—
2021	$626,049	$590,307	—
2020	$100,478	$25,000	—
2020	$570,698	$536,643	—

2025 property taxes (current owner): $16,032/yr

Estimated taxes if purchased at asking price: ~$26,500/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 (shaded) — moderate flood risk (0.2% annual chance)

Flood insurance is optional but often inexpensive here — worth pricing.

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, Tar/Gravel — year not disclosed (home built 1977)

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: ~1,704 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