Condo / High-rise home in Fernandina Beach, FL
This 798-square-foot Condo condo in Fernandina Beach, FL includes 2 bedrooms and 1 bathroom. It sits within the greater Amelia Island, FL area.
| Price | $285,000 |
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| Beds | 2 |
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| Baths | 1 |
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| Sqft | 798 |
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| Architectural style | Condo / High-rise (83% match) |
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| Address | 2583 Forest Ridge Dr #N-3, Fernandina Beach, FL 32034 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced below comparable homes.
- At $285K, this home is 63% below the $779K median for 65 similar Condo / High-rise homes in Amelia Island, FL.
- That works out to $357 per square foot, 42% below the $614 comparable rate.
- On the market 14 days.
| This home | $285,000 |
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| Condo / High-rise median in Amelia Island, FL | $779,000 (65 homes) |
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| Price per sq ft | $357 vs. $614 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,883/month with 20% down at a 7.28% 30-year fixed rate. You would need about $80,700 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,560/mo |
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| Property tax (new-buyer reassessed rate) | $216/mo |
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| Homeowners insurance | $107/mo |
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| Total monthly | $1,883/mo |
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| Down payment (20%) | $57,000 |
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| Income needed | $80,700/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (68 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (68/100) |
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| Beats renting in | 23% of modeled paths |
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| Modeled 5-yr equity (median) | $151,180 |
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| Range (10th to 90th pct) | $93,271 to $218,792 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Zillow