$3,900,000
Jacksonville Beach, FL 32250
MLS# 1212426
Status: Closed
11 beds | 7 baths
1 / 33
Property Description
Experience the ultimate coastal lifestyle with this stunning oceanfront multifamily property in Jacksonville Beach! This is a rare opportunity to own a luxurious turnkey investment property with exceptional rental income of nearly $500k annually as a short-term rental. A total of 11 bedrooms & 7 bathrooms across 5 fully-furnished units featuring spacious living areas, modern kitchens/baths, and high-end furnishings. The property has been well-maintained with a clean and attractive exterior, enhancing its curb appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean views, in-unit laundry, tankless water heater, outdoor shower, ample parking with EV charger, and fenced outdoor space perfect for entertaining. A flagship property for any portfolio.
Details
Documents
General Property Information
Number Of Units Total: 5
Bedrooms Total: 11
Bathrooms Total: 7
Bathrooms Full: 7
Living Area: 4066
Living Area Source: Public Records
Year Built: 1945
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Furnished
Stories Total: 2
Stories: 2
Directions: From A1A, turn east onto 16th Ave N. Property is oceanfront, located on the left, adjacent to the public beach access & parking.
Public Remarks: Experience the ultimate coastal lifestyle with this stunning oceanfront multifamily property in Jacksonville Beach! This is a rare opportunity to own a luxurious turnkey investment property with exceptional rental income of nearly $500k annually as a short-term rental. A total of 11 bedrooms & 7 bathrooms across 5 fully-furnished units featuring spacious living areas, modern kitchens/baths, and high-end furnishings. The property has been well-maintained with a clean and attractive exterior, enhancing its curb appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean views, in-unit laundry, tankless water heater, outdoor shower, ample parking with EV charger, and fenced outdoor space perfect for entertaining. A flagship property for any portfolio.
List Price/SqFt: 982.54
Sold Price/SqFt: 959.17
Historical Information
Public Historical Remarks 1: # 3 Bedroom Units: 2, # 1 Bedroom Units: 1, Type-Multi Units: Y, French Doors: Y, Possible Financing-1031 Exchange: Y, Number of Buildings: 2 Buildings, Energy Features-Ceiling Fan(s): Y
Public Historical Remarks 2: Annual Rent: 487047.00, Number of Units-5 - 10 Units: Y, # 2 Bedroom Units: 2
Public Historical Remarks 3: Current Zoning: JRM-2
Contract Information
Current Price: $3,900,000
Sold Price: $3,900,000
Status: Closed
Listing Contract Date: 2023-02-11
Location Tax and Legal
Street Number: 15
Street Name: 16TH
Street Suffix: Avenue
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32250
Subdivision Name: Pablo Beach North
MLS Area Major: 211-Jacksonville Beach-NE
Status Change Information
Major Change Timestamp: 2023-07-19T22:02:43Z
Major Change Type: Status Change
Purchase Contract Date: 2023-06-16
Close Date: 2023-07-19
Close Price: 3900000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Gas Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Fiber Cement; Frame
Cooling: Central Air
Flooring: Vinyl
Heating: Central
Listing Terms: Cash; Conventional
Parking Features: Additional Parking; Other
Pool Features: None
Possession: Negotiable
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Smart Home Features: Locks
Utilities: Separate Electric Meters; Propane
View: Ocean
Water Source: Public
Waterfront Features: Ocean Front
2022 P&L 
Listing Office: NOMAD REALTY
Last Updated: February - 21 - 2025
Information deemed reliable but not guaranteed.