$849,000

Estimated payment $5,101/month

Total Views 2,727
1.99 Acres
$426,633 Price per Acre
86,684 Sq Ft Lot

Highlights

  • 1.99 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax. Ortega Bluff is a newly entitled 60-unit affordable housing development in Jacksonville, FL, an area with strong demand for veteran and workforce housing. This project benefits from The Live Local Act, which provides favorable financing, affordability incentives, and long-term investment stability. These units will rent at $1,381 per month through the Jacksonville Housing Authority. One of the standout features of Live Local Act Developments is the exemption from property taxes on the building, which significantly reduces expenses and increases net operating income. Jacksonville has a consistent need for affordable and veteran housing, ensuring low vacancy rates and steady occupancy. Additionally, this development qualifies for the Low-Income Housing Tax Credit (LIHTC), and all necessary zoning and unit count approvals are already in place, making it a rare find in the market. Phase 1 ESA completed and clear.

Listing Agent

Jonathan Minerick

HOMECOIN.COM Brokerage Phone: 888-400-2513 License #3477996

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,358

Lot Details

  • 1.99 Acre Lot
  • Corner Lot

Community Details

  • No Home Owners Association
  • Ortega Bluff Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0991200020

Property Details

Property Type

Land

Est. Annual Taxes

$4,358

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 1.99
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Ortega Bluff
  • Sewer:Public Sewer: Yes
  • Special Features: None

Exterior Features

  • Waterfront: No
  • Lot Features: Corner Lot
  • Lot Features:Corner Lot: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Development Status: Raw Land
  • Current Use: Multi-Family, Residential
  • Lot Size Sq Ft: 86684.4
  • Parcel #: 0991200020
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4357.51
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 For Sale $849,000 -- --
Source: realMLS (Northeast Florida Multiple Listing Service)

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Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 2077115

realMLS (Northeast Florida Multiple Listing Service)