$1,700,000

6349 Restlawn Dr Jacksonville, FL 32208

Lake Forest Neighborhood

Estimated payment $11,188/month

Total Views 3,265
2.95 Acres
$576,271 Price per Acre
128,502 Sq Ft Lot

About This Lot

Fully Entitled Affordable Housing Project with 2.3MM GPR and No Property Tax Residences at Restlawn is a newly entitled 144-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. The units will rent at $1,289 per month through the Jacksonville Housing Authority, making them accessible while still generating strong cash flow. One of the standout features of this development 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. With a gross potential revenue of nearly $2.3 million annually, this property presents a strong return potential. Additionally, the 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 environmental assessment completed and clear. With strong cash flow potential, no property tax burden, and high tenant demand, Residences at Restlawn is a great opportunity for investors looking for stable income in the Multi Family sector.

Listing Agent

Jonathan Minerick

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

Property Details

Property Type

  • Land

Lot Details

  • 2.95 Acre Lot

Schools

  • Sallye B. Mathis Elementary School
  • Jean Ribault Middle School
  • Jean Ribault High School

Community Details

  • No Home Owners Association
  • Pickett Sibbald Gra Subdivision

Listing and Financial Details

  • Assessor Parcel Number 026199-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 2.95
  • Road Frontage Type: City Street
  • Subdivision Name: Pickett Sibbald Gra
  • Sewer:Public Sewer: Yes
  • Development Status Site Plan Approved: Yes
  • Special Features: None

Exterior Features

  • Waterfront: No
  • Lot Features: Other

Utilities

  • Utilities: Cable Available, Electricity 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

Schools

  • Elementary School: Sallye B. Mathis
  • High School: Jean Ribault
  • Middle Or Junior School: Jean Ribault

Lot Info

  • Development Status: Raw Land
  • Current Use: Multi-Family, Residential
  • Lot Size Sq Ft: 128502.0
  • Parcel #: 026199-0000
  • ResoLotSizeUnits: Acres

Map

Range of Values:

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Average Value
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List Price
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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
03/17/2025 03/17/25 For Sale $1,700,000 -- --
Source: realMLS (Northeast Florida Multiple Listing Service)

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Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 2076167

realMLS (Northeast Florida Multiple Listing Service)

Florida Duval County Jacksonville 32208 Lake Forest

6349 Restlawn Dr, Jacksonville, FL

Homes for Sale in Jacksonville, FL

This home is located at 6349 Restlawn Dr, Jacksonville, FL 32208 and is currently priced at $1,700,000. 6349 Restlawn Dr is a home located in Duval County with nearby schools including Sallye B. Mathis Elementary School, Jean Ribault Middle School, and Jean Ribault High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

realMLS (Northeast Florida Multiple Listing Service) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.

Jonathan Minerick
Listing Agent
Jonathan Minerick
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HOMECOIN.COM
(888) 400-2513