Rare 75x100 development lot one parcel south of corner lot at 11th St and East Coast Drive in Atlantic Beach just 2 blocks from the ocean.
This is a land play. The value is in the lot and location, no value allocated to existing structure. Large rectangular parcel in a proven redevelopment pocket with consistent demand for new construction.
Surrounded by new construction and higher-end homes, this area continues to transition towards larger, more valuable builds, supporting new construction as the highest and best use.
Lot is ideal for a custom primary or second home, spec build, or buy & hold strategy.
Adjacent corner parcel at 1096 East Coast Drive is also available, creating a rare opportunity to control two contiguous lots (150x100 combined).
Land opportunities this close to the ocean in old Atlantic Beach are very limited and only getting tighter.
1070 EAST COAST Drive, Atlantic Beach, FL, 32233
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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