This home is in Fernandina Beach.

1 / 37

Active

Active·8 days on market

5 S 3rd Street B

Fernandina Beach, FL 32034

$900,000$596/sqftEst. $4,790/moMLS# 2153066

Beds

Baths

1,511

Sq Ft

1900

Built

Fernandina Beach

About this home

Located in the historic City Mart Building in downtown Fernandina Beach, this 1500 sqft space is one of few properties offering this flexibility. Zoned C-3, allowing residential, retail, office, or mixed-use, the possibilities here are incredible! Accessed from a breezeway on S 3rd St, double glass doors open to a spacious room well-suited for a retail shop, gallery, or living area. A large room with custom built-ins is ideal as an executive office, bedroom, or space to browse in a boutique setting. The ground level also includes a kitchenette, half bath, and storage. The upper level provides access to a shared balcony and includes a large flex area as well as three private rooms, a large second kitchenette and additional half bath. The City Mart building is one of Fernandina's most recognizable landmarks, fronting Centre Street, and home to Fantastic Fudge and professional offices.

Cost to own

Mortgage calculator

Home Price

$900,000

Down Payment: 20%

$180,000

Interest Rate: 7.00%

Loan Term

Monthly Payment

$4,790

Principal & Interest: $4,790

Est. Taxes & Insurance: $1,198

Estimated Total Monthly

$5,988

*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$4,790

Property taxesest. at asking price, Nassau County$1,237

HOAbilled annually$235

Estimated total, before insurance$6,263/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	$575,691	$551,419	—

Estimated taxes if purchased at asking price: ~$14,800/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 502 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 (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 B

Zone B evacuates after zone A in an approaching storm.

Roof: material not specified — year not disclosed (home built 1900)

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

Solar potential: ~1,696 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