$1,550,000
515 3RD Street, Neptune Beach, FL 32266
Neptune Beach
- Price
- $1,550,000
- Beds / Baths
- 3 / 3
- Living area
- 1,615 sqft
- Year built
- 1949
- Type
- Residential
- Lot
- 0.25 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 85
- Elementary
- Neptune Beach
- Middle
- Fletcher Jr High
- High school
- Duncan Fletcher
$960/sqft asking, vs a $418/sqft median across 141 closed sales in 32266 over the last 12 months — 130% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Charming old Neptune Beach farm house with original oak hardwood floors. Newly renovated designer kitchen, 2 bedroom 2 bath, butlers pantry, wood paneled study, Florida styled living room looking out to tropical orchard . Detached 1 bedroom, 1 bath cottage with private court yard. Home sits on two buildable lots with large Magnolia trees. Profitable rental income $4K - $5K mo. 2 blocks to ocean & beach access and 2 blks to Town Center, all new kitchen appliances, large bedroom closets, large attic for storage or add additional second floor bedroom & bath. Well for irrigation, tropical side courtyard off main house. Private fenced back yard.
What to check on this one
- Verify roof age and get 4-point inspection—1949 home likely needs underwriter approval.
- Confirm flood zone designation and obtain elevation certificate if in AE/VE.
- Inspect well system for irrigation; verify septic (if present) maintenance records.
- Check plumbing type—cast-iron or polybutylene common in 1949; may need replacement.
- Verify two-lot configuration and buildable status with Duval County; confirm zoning.
- Review rental income documentation and lease agreements for $4K–$5K monthly claim.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $1,240,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY. Data via realMLS (Northeast Florida MLS), updated Jul 30, 2026, 1:09 PM.
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