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Active·86 days on market

1478 E Oak Street

Fernandina Beach, FL 32034

$299,000Est. $1,536/moMLS# 2147295

Beds

Baths

Sq Ft

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Built

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Garage

Pool

About this home

Fernandina Beach

Oversized vacant lot in the heart of Fernandina Beach on Amelia Island, located in sought-after County Zoning that allows for SHORT-TERM RENTALS. This parcel is eligible for Impact/Mobility fee EXEMPTION (previous mobile home already removed) - lot is CONSTRUCTION READY! Rare opportunity to build your dream home on a high and dry, non-flood zone parcel measuring approximately 100' x 173' (.3966 acre). Enjoy the privacy and beauty of well-established mature trees with ample space for a pool, RV/boat parking, and additional outdoor living. NO HOA fees. Ideally situated just minutes from historic downtown Fernandina Beach shopping, dining, and entertainment. Less than one mile to Egan's Creek Greenway, the YMCA with pool and fitness facilities, and the pristine beaches of Amelia Island. A-rates schools located within approx. 2 miles. A prime location offering flexibility, convenience, and endless potential.

Cost to own

Mortgage calculator

Home Price

$299,000

Down Payment: 20%

$59,800

Interest Rate: 6.65%

Loan Term

Monthly Payment

$1,536

Principal & Interest: $1,536

Property taxes (est.): $413

Insurance (est.): $199

Estimated Total Monthly

$2,148

*30-year loan at 6.65% APR (avg 30-yr rate 2026-08-20, 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 · 6.65% · 30yr$1,536

Property taxesest. at asking price, Nassau County$413

Estimated total, before insurance$1,948/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.

Cost to own

Taxes & assessment

Last sold: $120,000 in February 2024(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$117,000	$117,000	—
2024	$160,000	$64,819	—
2023	$120,000	$58,926	—
2022	$120,000	$53,569	—
2021	$80,000	$48,699	—
2020	$60,000	$44,272	—

Estimated taxes if purchased at asking price: ~$5,000/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 C

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

Roof: material not specified

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

Solar potential: ~1,334 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