River Frontage and Huge Changes in Value

MapI can remember thinking $300,000 was a high for deep water, 30 years ago.  The same deep water property, could be in the $1.2 to $1.5 million range today.  The map to the left shows the current MLS list, as of today, and residential property with “River Frontage” and an existing home.   River frontage can vary a great deal in price and locations can sell at a premium or be surprisingly affordable.  One home, on the far west side of the county, has over 300 feet on water and 18+ acres.  Think about location, configuration, elevation, distance to the ocean and even bridge height.  

  • Total # of Listings: 31
  • Lowest Price: $209,900
  • Highest Price: $4,950,000
  • Average Price: $1,268,855
  • Average Days on Market: 276

Days on market and price per foot isn’t particularly valuable, when you compare a broad range.  Personally, I would consider the kind of frontage you want, when choosing water.  Is water and depth important and, if it is important, what kind of boating do you plan.  Sail, motor, fishing, recreation?   How far is upland from navigable water?  Do you plan to build and is the structure built at the required flood elevation.

A feasibility period is important, but even more important for property with environmental or unusual restrictions. Knowing about existing wetland areas, whether construction meets current standards and whether all improvements are permitted, should all be considered.  I’m currently selling a point of land with over 1/2 a mile on the water, dock, frontage on two creeks (McGirts and Lanceford), a caretaker’s cottage and nearly a straight shot to Amelia Island and the Fernandina Beach Marina at $2.9 million.  Check for availability, but Nassau County is changing.   Click here for a video tour…

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