This home is in Ocean Terrace, Jacksonville Beach.

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Pending

Pending·22 days on market·Ocean Terrace

4054 Palm Way

Jacksonville Beach, FL 32250

$699,000$433/sqftEst. $3,720/moMLS# 2151108

Beds

Baths

1,615

Sq Ft

1997

Built

Garage

Pool

About this home

Ocean Terrace

This beautiful 3-bedroom 2-bathroom home located in south Jax Bch less than a mile from the ocean is turnkey. Tile plank flooring throughout with an open floor plan. Kitchen has granite countertops, all new stainless steel appliances great prep island that opens up to dining area and living room. Master bedroom has walk in closet with master bath having a gorgeous walk-in shower with frameless glass. Nice paver patio to relax in the back yard.

Cost to own

Mortgage calculator

Home Price

$699,000

Down Payment: 20%

$139,800

Interest Rate: 7.00%

Loan Term

Monthly Payment

$3,720

Principal & Interest: $3,720

Est. Taxes & Insurance: $930

Estimated Total Monthly

$4,650

*Estimates based on 30-year loan at 7% APR. 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$3,720

Property taxesest. at asking price, Duval County$1,141

Estimated total, before insurance$4,862/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	$552,349	$424,462	—
2024	$461,793	$411,793	—
2023	$505,885	$435,757	—
2022	$471,609	$421,609	—
2021	$339,604	$183,679	—
2020	$325,591	$180,453	—

Estimated taxes if purchased at asking price: ~$13,700/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.