This home is in Fernandina Beach.

1 / 7

Pending

Pending·2 days on market

508 Stanley Drive

Fernandina Beach, FL 32034

$299,000$299/sqftEst. $1,591/moMLS# 2154093

Beds

Baths

1,000

Sq Ft

1953

Built

—

Garage

Pool

About this home

Fernandina Beach

Dreaming of building on Amelia Island? Here's your chance. This beautifully wooded 0.45-acre lot is shaded by mature oaks, and comes with an existing house that may need to be demolished, which works in your favor since it means you'll avoid city impact fees. The location is truly ideal, situated almost equal distant from historic downtown Fernandina and Main Beach, and just steps from Egans Creek. This part of the city is highly desirable, sitting high and dry, offering an ideal foundation for a beautiful new home. The current structure, built in 1953, totals about 1,000 square feet, but its worth lies entirely in the land beneath it. Buyers should note that the house still contains contents that will need to be cleared out after purchase. Reach out to the listing agent for additional details on this property.

Cost to own

Mortgage calculator

Home Price

$299,000

Down Payment: 20%

$59,800

Interest Rate: 6.55%

Loan Term

Monthly Payment

$1,520

Principal & Interest: $1,520

Est. Taxes & Insurance: $380

Estimated Total Monthly

$1,900

*Estimates based on 30-year loan at 6.55% APR (avg 30-yr rate 2026-07-16, 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$1,591

Property taxesest. at asking price, Nassau County$413

Estimated total, before insurance$2,004/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
2024	$373,925	$242,401	—
2023	$319,769	$220,365	—
2022	$269,546	$200,332	—
2021	$201,330	$182,120	—
2020	$165,564	$165,564	—

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 (2024), 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 — year not disclosed (home built 1953)

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

Sewer (public record) · Public water (record)

County records show this parcel on central sewer — no septic system to inspect or maintain.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,378 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

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