This oversized parcel boasts a prime location in Fernandina Beach, within walking distance to downtown shops, dining, and the waterfront, along with a rare combination of size, zoning, and development potential—features increasingly hard to find. Offering 150' of frontage on 3rd Street and 125' of depth, the possibilities here are expansive.
The property is enhanced by an array of mature trees, creating a beautiful natural setting while still offering a clean slate for development. What truly sets this parcel apart is its subdivision potential. The lot can be divided into four separate parcels: a 75' x 125' homesite where the original residence once stood—ideal for a primary or investment single-family home—and an additional 75' x 125' portion that can be split into three 25' x 125' lots.
Zoned for Mixed Use (MU-1), the possibilities extend far beyond residential. This designation allows for a thoughtful blend of uses, including single-family and multi-family residences, professional or medical offices, and limited neighborhood commercial or personal service establishments. Whether you envision a boutique residential enclave, income-producing properties, live/work spaces, or a mixed-use concept, this property offers the flexibility to bring your vision to life.
Lot/land
Price cut: $25K (6/26)
$575,000
406 S 3rd St, Fernandina Beach, FL 32034
--beds
--baths
0.43Acres
Unimproved Land
Built in ----
0.43 Acres Lot
$642,000 Zestimate®
$--/sqft
$-- HOA
What's special
Beautiful natural settingOversized parcelArray of mature trees
- 80 days |
- 109 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Ben Edwards 904-556-6328,
THE EDWARDS COMPANY
Source: AINCAR,MLS#: 115744
Originating MLS: Amelia Island-Nassau County Assoc of Realtors Inc
Facts & features
Property
Features
- Fencing: Fenced
- Frontage length: 150,150
Lot
- Size: 0.43 Acres
- Dimensions: 150 x 125
Details
- Parcel number: 000031180002790012
- Zoning: MU-1
- Special conditions: None
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Fernandina Beach
Financial & listing details
- Tax assessed value: $577,322
- Annual tax amount: $10,569
- Date on market: 4/15/2026
- Cumulative days on market: 81 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$642,000
$520,000 - $790,000
$2,383/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $575,000-4.2% |
Source: | ||
| 5/14/2026 | Price change | $600,000-7.7% |
Source: | ||
| 4/15/2026 | Listed for sale | $650,000+195.5% |
Source: | ||
| 8/15/2017 | Sold | $220,000 |
Source: | ||
| 7/31/2017 | Pending sale | $220,000 |
Source: RE/MAX SPECIALISTS #889978 Report a problem | ||
| 7/4/2017 | Listed for sale | $220,000 |
Source: RE/MAX SPECIALISTS #889978 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,569 +48.8% | $577,322 +88.2% |
| 2023 | $7,101 +16.9% | $306,812 +10% |
| 2022 | $6,073 +14.2% | $278,920 +10% |
| 2021 | $5,320 +13.7% | $253,564 +10% |
| 2020 | $4,680 +5.8% | $230,513 +10.8% |
| 2019 | $4,424 | $208,115 +9.9% |
| 2018 | $4,424 +14.9% | $189,408 +162.7% |
| 2017 | $3,850 +1108% | $72,113 +2.1% |
| 2016 | $319 +0.1% | $70,630 +0.7% |
| 2015 | $318 -3.7% | $70,139 +0.8% |
| 2014 | $330 | $69,582 +1.5% |
| 2013 | -- | $68,554 -11.5% |
| 2012 | -- | $77,464 -37.6% |
| 2011 | -- | $124,148 -6.3% |
| 2010 | -- | $132,528 -3.8% |
| 2009 | -- | $137,812 -13.6% |
| 2008 | -- | $159,435 -31.6% |
| 2007 | -- | $233,144 +373.2% |
| 2006 | -- | $49,265 +3% |
| 2005 | -- | $47,830 +3% |
| 2004 | -- | $46,437 +1.9% |
| 2003 | -- | $45,571 +2.4% |
| 2002 | -- | $44,503 +1.6% |
| 2001 | -- | $43,802 +3% |
| 2000 | -- | $42,526 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32034
Nearby schools
GreatSchools rating
- NASouthside Elementary SchoolGrades: PK-2Distance: 0.7 mi
- 6/10Fernandina Beach High SchoolGrades: PK,3,8-12Distance: 1 mi
- 10/10Fernandina Beach Middle SchoolGrades: 6-8Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Nassau County
- Fernandina Beach
- 32034
- 406 S 3rd St
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