Score
0Jacksonville Beach, FL
514 2ND Street S
1.1M
4 beds
3 baths
1,922 sqft
4 bd • 3 ba • 1,922 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,050,000
Price/Sq.Ft
$546
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 514 2ND Street S, Jacksonville Beach, FL 32250 boasts several positive attributes. Its location in Jacksonville Beach is prime, likely within walking distance to the beach (exact distance unknown but typically within 0.5 miles in this area). The house offers 4 bedrooms and 3 bathrooms in 1,922 sqft, which is 12.8% larger than the average 3-bedroom rental in the area (1,710 sqft). At $546.31/sqft, it's priced competitively for the area, considering its size and location. The property features a two-story design with a garage, balcony, and appears to be relatively new or recently renovated based on its modern coastal aesthetic. The bright yellow and teal exterior is eye-catching and fits well with the beach community vibe, potentially increasing its curb appeal and rental potential.
The Bad
The price point of $1,050,000 is significantly above the median income for the area ($95,474), which may limit the pool of potential buyers. The lack of specific features listed and absence of a property description make it difficult to fully assess the property's amenities and condition. The price per square foot ($546.31) is relatively high, which could be justified by location and condition, but without more details, it's hard to determine if this represents good value. The property's age is unknown, which raises questions about potential maintenance issues and the age of major systems (HVAC, roof, etc.).
The Ugly
Jacksonville Beach is in a high-risk flood zone, which necessitates mandatory flood insurance for mortgaged properties. This could add significantly to the monthly costs, potentially $200-$400 per month or more. The coastal location also exposes the property to hurricane risks, which may result in higher insurance premiums and potential evacuation costs. Long-term concerns include coastal erosion and sea level rise, which could impact property value over time. The salty air can accelerate corrosion on exterior fixtures and appliances, potentially leading to higher maintenance costs. Without knowing the specific HOA fees and regulations (if any), there could be additional financial burdens and restrictions on property use or rentals.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $250,000+ annually, based on traditional mortgage qualification standards. It's ideal for families or individuals who prioritize beach proximity and desire a spacious home in a vibrant coastal community. The property could also appeal to investors looking for short-term rental opportunities, given Jacksonville Beach's popularity as a tourist destination. The modern aesthetic and apparent good condition make it attractive for those seeking a move-in ready property with potential for immediate rental income.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given its high price point. It's also not ideal for investors seeking low-maintenance, low-cost rental properties due to the potential for high insurance and maintenance costs associated with coastal living. Buyers uncomfortable with the risks associated with coastal properties (hurricanes, flooding, erosion) should look elsewhere. Those seeking a quiet, non-tourist area would likely find the location unsuitable, especially during peak seasons.
Demographics
Area Median Income
$95,474
Property History
Price History
Ownership Timeline
$1,050,000Cash Purchase
May 23, 2022C&C Delaware 4 LlcSagara Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$300,700Cash Purchase
May 20, 2019Todd B Krohn, Wilmington Savings Fund S Ociety FsbFlorida Land Trust No 2019 5 6, Benjie Sperling
Trustees Deed
Foreclosure
$300,700Cash Purchase
May 6, 2019Todd B Krohn, Wilmington Savings Fund Society FsbFlorida Land Trust No 2019 5 6, Benjie Sperling
Trustees Deed
Foreclosure
$140,000Financed
Jun 22, 1998Rita L OtisMatthew R Gulden
Warranty Deed
Standard Sale (Purchase/Resales)
$88,000Financed
Aug 29, 1994Edward E Swindall, Patricia A SwindallRita L Otis
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
8.5/10
ExcellentMiddle
7.0/10
GoodHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,250
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,050,000
Price/sqft
$546
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$895,328
17.3%
Your price is 17.3% above average
Median Price
$750,000
40.0%
Based on 6 recent sales
Price per Sq.Ft
$446
22.5%
Your price is 22.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 820 5TH Avenue S, Jacksonville Beach, FL 32250 | $499,000 | 1,882 | 3 | 3 | $26551.5% | 11/19/2024 |
| 733 12TH Avenue S, Jacksonville Beach, FL 32250 | $757,100 | 1,967 | 4 | 3 | $38529.5% | 11/7/2024 |
| 1401 1ST Street S #203, Jacksonville Beach, FL 32250 | $1,925,868 | 2,195 | 3 | 3 | $87760.6% | 12/15/2024 |
| 786 9TH Avenue S, Jacksonville Beach, FL 32250 | $740,000 | 1,847 | 3 | 3 | $40126.7% | 10/30/2024 |
| 740 9TH Avenue S, Jacksonville Beach, FL 32250 | $750,000 | 1,847 | 3 | 3 | $40625.7% | 10/30/2024 |
| 945 GONZALES Avenue, Jacksonville Beach, FL 32250 | $700,000 | 2,034 | 4 | 3 | $34437.0% | 10/22/2024 |
820 5TH Avenue S, Jacksonville Beach, FL 32250
Price: $499,000
Sq.Ft: 1,882
Beds/Baths: 3/3
$/Sq.Ft:
$26551.5%
Sale Date: 11/19/2024
733 12TH Avenue S, Jacksonville Beach, FL 32250
Price: $757,100
Sq.Ft: 1,967
Beds/Baths: 4/3
$/Sq.Ft:
$38529.5%
Sale Date: 11/7/2024
1401 1ST Street S #203, Jacksonville Beach, FL 32250
Price: $1,925,868
Sq.Ft: 2,195
Beds/Baths: 3/3
$/Sq.Ft:
$87760.6%
Sale Date: 12/15/2024
786 9TH Avenue S, Jacksonville Beach, FL 32250
Price: $740,000
Sq.Ft: 1,847
Beds/Baths: 3/3
$/Sq.Ft:
$40126.7%
Sale Date: 10/30/2024
740 9TH Avenue S, Jacksonville Beach, FL 32250
Price: $750,000
Sq.Ft: 1,847
Beds/Baths: 3/3
$/Sq.Ft:
$40625.7%
Sale Date: 10/30/2024
945 GONZALES Avenue, Jacksonville Beach, FL 32250
Price: $700,000
Sq.Ft: 2,034
Beds/Baths: 4/3
$/Sq.Ft:
$34437.0%
Sale Date: 10/22/2024
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