If there’s anyone out there that’s been waiting for a water front deal — this may be your chance. Just reduced to $ 2,199,000, this house is located at 3891 Timuquana Road and the price makes it only $456 per square foot. The lot is very deep (500 feet) and has wonderful views of the downtown Jacksonville skyline. It’s also within walking distance of the private Timuquana Country Club.
If you’re not from Jacksonville, it’s important to understand the different “types” of waterfront that are being offered because they carry different values. In addition to the overall size of the lot, the amount of waterfront “footage” that the property has is an important factor in the valuation of a property.
For example, if two houses are of similar condition and square footage and one has 70 feet of waterfront and another has 120 feet, the one with 120′ of water will have more value. Another factor that influences price is whether or not the property has a downtown view. The Jackonville skyline is very attractive and is especially so at night. The properties, like this one on Timuquana Road, that have a downtown view will sell for more money. “Open” water — on the St. John’s River — comes at a premium value and waterfront in Ortega is more expensive than waterfront in Ortega Forest. There are other distinguishing features of waterfront but these are some of the most important.
To see a list of waterfront properties available for sale in Ortega and Avondale, click here.
Thanks for reading — please join me for my next discussion of real estate in the Avondale, Ortega and Riverside neighborhoods!