This home is in Neptune Beach — a home near Duncan U. Fletcher High School.
Active·45 days on market
509 Penman Road
Neptune Beach, FL 32266
About this home
Neptune Beach
Welcome to 509 Penman Road, a completely renovated Neptune Beach gem just a short walk from the ocean! This stunning home has been thoughtfully updated from top to bottom with all-new major systems, including a new roof, HVAC, electrical, and plumbing, providing peace of mind for years to come. Step inside to discover beautiful luxury vinyl plank flooring throughout, an open and inviting layout, and a designer-inspired kitchen featuring custom shaker-style cabinetry, quartz countertops, and stainless steel appliances. The home truly shows like a model. The spacious, fully fenced backyard is perfect for entertaining, relaxing, or family gatherings, complete with a cozy fire pit and a brand-new sliding glass door that seamlessly connects indoor and outdoor living. Location is everything, and this home delivers. Enjoy a quick 5-minute walk to the beach and easy access to local shopping, restaurants, and everyday conveniences just moments away. Neptune Beach is one of Northeast
Cost to own
Mortgage calculator
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).
Cost to own
Taxes & assessment
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $439,734 | $62,518 | — |
| 2024 | $431,180 | $60,049 | — |
| 2023 | $382,499 | $56,844 | — |
| 2022 | $358,871 | $53,733 | — |
| 2021 | $267,058 | $50,712 | — |
| 2020 | $257,701 | $49,322 | — |
2025 property taxes (current owner): $1,277/yr
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.
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: Shingle — year not disclosed (home built 1961)
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: ~1,656 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.
History
Price & status history
- Jul 29, 2026Price change$699,990−$5,010
- Jul 22, 2026Price change$705,000−$15,000
- Jul 9, 2026Price change$720,000−$15,000
- Jun 19, 2026Listed$735,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: KELLER WILLIAMS ST JOHNS
Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).
Keep looking
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Your Local Realtor
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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Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines