This home is in Fernandina Beach — a home near Fernandina Beach High School.
Active Under Contract·48 days on market
1992 Palm Drive
Fernandina Beach, FL 32034
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About this home
Fernandina Beach
ISLAND LIVING in a QUIET, CONVENIENT LOCATION! This charming 3 Bedroom, 1 Bath home offers an incredible opportunity to enjoy the Amelia Island lifestyle while being close to everything Fernandina Beach has to offer or could be the PERFECT INVESTMENT OPPORTUNITY with SHORT TERM RENTABILITY OPTIONS! Situated on a LARGE CORNER LOT along a quiet street just OUTSIDE THE CITY LIMITS this classic 1950s home features 1,092 square feet of comfortable living space with fresh paint, new bedroom doors, some updated electrical and lighting, plus a brand new refrigerator. On the exterior, you'll appreciate the LARGE CARPORT and OVERSIZED STORAGE SHED--perfect for bikes, beach gear, tools, a workshop, or all those island extras! The spacious lot provides plenty of room to enjoy the outdoors, garden, entertain, or create your own backyard retreat. Whether you're looking for a PRIMARY RESIDENCE, ISLAND GETAWAY, or a home you can update and make your own, this property offers a combination of location
Next steps in Amelia Island
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).
Mortgage calculator — adjust rate & down payment
Cost to own
Mortgage calculator
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 A
Zone A evacuates first in a storm — typically coastal and surge-prone areas.
Roof: Shingle — year not disclosed (home built 1951)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Septic system (public record) · Public water (record)
County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.
Source: Florida DOH Water Management Inventory (public record).
Solar potential: ~1,763 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 August 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.
Sun & Light
East-facing backyard — the morning-light lot
The listing reports the home facing west, which puts the backyard on the east side. Today at this address: sunrise 7:27 AM, sunset 6:56 PM.
- The rear takes the sunrise and the gentle morning sun, then goes shaded through the afternoon — the classic comfortable-summer-evening lanai in Florida.
- A pool back here warms with the morning and sits in shade by late afternoon: cooler water than a west lot, and evening swims without the glare.
- The front of the home carries the hot western afternoon instead of your living space.
Orientation per the MLS listing; sun paths are seasonal geometry for Northeast Florida, not a shade study — trees, screening, and neighboring structures change the picture on any specific lot.
Cost to own
Taxes & assessment
2025 property taxes (current owner): $4,103/yr
Estimated taxes if purchased at asking price: ~$5,500/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, NEFMLS.
History
Price & status history
- Sep 20, 2026Active Under Contract$335,000
- Sep 9, 2026Price change$335,000−$10,000
- Aug 26, 2026Listed$345,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Closed sales
What sold nearby
Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $386/sq ft; this home is listed at $307/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 2753 Amelia Road, Fernandina Beach, FL 32034Listed by SUMMER HOUSE REALTY | Aug 2026 | $585,000 | $418 | 2/2 | 1,400 | 15 | 0.7 |
| 639 Gaines Lane, Fernandina Beach, FL 32034Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | Jun 2026 | $625,000 | $521 | 3/2 | 1,200 | 270 | 0.7 |
| 552 Sunset Road, Fernandina Beach, FL 32034Listed by DIAMOND REALTY GROUP OF AMELIA ISLAND | Oct 2026 | $385,000 | $302 | 3/2 | 1,275 | 93 | 0.8 |
| 2121 Egret Lane, Fernandina Beach, FL 32034Listed by OPENDOOR BROKERAGE, LLC. | Jun 2026 | $425,000 | $386 | 3/2 | 1,101 | 7 | 1 |
| 1120 Natures Walk Drive A, Fernandina Beach, FL 32034Listed by FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT | Jun 2026 | $419,000 | $329 | 2/2 | 1,274 | 12 | 1.4 |
| 831 Division Street, Fernandina Beach, FL 32034Listed by SALT HARBOR REAL ESTATE COMPANY LLC | May 2026 | $420,000 | $351 | 3/2 | 1,195 | 6 | 1.4 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.
Features
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: SUMMER HOUSE REALTY
Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
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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