This home is in Neptune Beach — a home near Duncan U. Fletcher High School.
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Active·Listed today
201 Bay Street
Neptune Beach, FL 32266
About this home
Neptune Beach
INVESTMENT & REDEVELOPMENT OPPORTUNITY IN NEPTUNE BEACH! Rare opportunity on the corner of First St and Bay St in highly desirable Neptune Beach, just steps from the beach! Offered at $1,100,000, this property is positioned for an investor, builder, or developer seeking a coastal project. The property currently has a 1938 multifamily structure with approx. 1,980 SF, 4 bedrooms and 3 bathrooms on a 42'x100' lot. Due to the age and condition of the structure, the property is being marketed primarily for its redevelopment potential, and a tear-down may be the most practical approach. Property sold AS-IS; seller will make no repairs. Buyer to verify zoning, density, redevelopment options and intended use. SAFETY NOTICE: Exterior stairs and upper deck are unsafe. Bring your builder and vision to 201 Bay St!
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
2025 property taxes (current owner): $4,928/yr
Estimated taxes if purchased at asking price: ~$21,600/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, NEFMLS.
History
Price & status history
- Sep 15, 2026Listed$1,100,000
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: EXP REALTY LLC
Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).
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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