Single Family Residence in Oceanway, Jacksonville · No CDD
Oceanway · Jacksonville, FL 32218 · Duval
Listing data updated July 23, 2026 · refreshed twice daily
10Bedrooms
6Bathrooms
3,380Sq Ft
1948Year Built
$222Per Sq Ft
2-car garageNo CDDFEMA Zone X10 bedrooms
Momentum Research: independent market analysis, flood data, insurance estimates, buyer leverage, and objective property scoring, alongside the MLS listing. Not just the listing sheet.
24% above
$/sq ft vs community
$222 here vs $179 median sold (12 mo)
Buyer leverage
Buyer advantage
17 days on market
4.9 months
Supply around this home
Seller <3 · balanced 3-6 · buyer >6
Zone X
Flood risk
Minimal hazard per FEMA; ~20 ft elevation
$4k–$7k/yr
Est. insurance · illustrative
Not a carrier quote; premiums vary widely by property. Get a real quote.
Above 10 of 10
Price vs recent sales
Asking $750k tops 10 of the last 10 closed sales; also one of the largest homes here at 3,380 sq ft
School district: Oceanway home with the Duval County Public SchoolsCommunity built 1947–2026Family Asian Market · 2 min driveXtreme Wings Sports Bar and Grille · 2 min driveSan Mateo Neighborhood Park · 2 min drive
Momentum Research · Oceanway Manor
Pricing & the Oceanway Manor market
How this home is priced against recent nearby sales, and where Oceanway Manor has been over 25 years. Momentum Research analysis of realMLS records; closed sales, deemed reliable but not guaranteed. Estimates only; see data notes.
Price vs. size in Oceanway Manor
Each dot is a closed sale since 2001 (274 total). This home is the gold marker.
Sale price (y) by living area in sq ft (x). realMLS closed sales.
Median $/sq ft by year
Community sold $/sq ft, 2012–2026. This home lists at $222/sq ft.
Median sale price by year
12-month median closed price, 2012–2026.
Market Heat by year (0–100)
Momentum Market Heat, 2013–2026. Now 63 (hot).
Property timeline
This home’s history
1948BuiltPer public record
NowActiveCurrently for sale
Build year is from public record. Listing milestones reflect movewithmomentum.com’s own observations since we began tracking this listing and are not the MLS listing history; dates and prices are deemed reliable but not guaranteed.
Financing
Estimated monthly payment
$4,970/mo
Principal & interest $3,800/mo76%
Taxes $712/mo14%
Insurance $407/mo8%
HOA $50/mo1%
$4,970/mo at 20% down, 30-yr @ 6.52% · edit any field to update.
Strongest on: Buyer competition (100), Flood safety (95)
0 limited50100 exceptional
52/100 is below average across the objective indicators below. It reflects only those measures — not the home’s quality, condition, or desirability.
A 0-100 score built from objective property and market data: flood risk, insurance, pricing, supply, affordability, and recent sales. Higher means more measures line up in a buyer’s favor. It reflects only the factors below.
Price vs area0
This home $222/sq ft vs the community 12-month median $179/sq ft.
Affordability0
List price $750,000 vs the community median $250,000. Not a measure of personal affordability.
Flood safety95
FEMA Zone X, ~20 ft elevation. Verify the parcel with FEMA.
Insurance cost50
From FEMA Zone X and a 1948 build. Obtain a property-specific quote.
Market liquidity66
Community median 12 days on market, ~4.9 months of supply (12-month record).
Renovation upside70
From a 1948 build and $222/sq ft vs the community median $179/sq ft. Not a condition assessment.
Buyer competition100
0% of recent closings here paid cash. A higher cash share means more competition from buyers who don't need financing (lower score).
Pricing power50
Recent sales closed at about 98.0% of original asking (~2.0% below). More room below asking generally favors buyers.
Market timing37
Momentum Market Heat is 63/100 (hot). Cooler readings generally favor buyers; hotter readings favor sellers.
Momentum Scores are objective, rules-based indicators computed from listing facts, public records, and recent nearby sales. They are not appraisals, valuations, investment advice, or judgments about a neighborhood or who should live there. Verify independently.
Momentum Research
The Momentum read
🟢 Buyer-leaning conditions around this listing. 4.9 months of supply in the surrounding market and 17 days on market for this home, against a 12-day area median.Days on market:this home 17Area median: 12 daysWhy it matters: above-median time on market, together with the level of supply, is a clear sign of how much leverage sits with buyers.Momentum Research interpretation of the MLS facts in the snapshot above. Source: Data provided by realMLS. As of July 15, 2026.
🟡 Asking $222 per square foot, about 24% above the community’s $179 median. Oceanway Manor’s 12-month median sold price per square foot is $179. Median sold price per square foot is up 22.0% year over year. Confidence: Low · 7 closed sales in 12 monthsMLS facts: realMLS closed sales. A per-square-foot gap is context, not an appraisal; condition, lot, and view set the final number here.
56% of homes in Oceanway Manor are owner-occupied. An estimated 44% are non-owner-occupied, including 13% held in a company or trust and 10% out-of-state owners.Why it matters: a high owner-occupied share typically means fewer rentals nearby and steadier resale demand.Source: Florida Department of Revenue 2025 assessment roll (public records), 501 homes matched. Community-level context.
Recent Oceanway Manor sales closed near 98.0% of original asking. Cash paid for about 0% of recent closings here.Why it matters: the community’s own record shows how far opening prices typically move, and how often buyers compete without financing.Momentum Research analysis of realMLS records, community-level, 12 months ending July 15, 2026. Aggregates only; deemed reliable but not guaranteed.
What’s unique here: one of only 13 active listings in Oceanway Manor, no CDD assessment.
Updated July 23, 2026 · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Listing description
About this home
Exceptional Multi-Residence Investment Estate | Strong Cash Flow | 1.36 Acres | Future Development Potential Rarely does a property offer this combination of immediate income, extensive recent improvements, valuable acreage, and long-term upside. Situated on 1.36 acres in one of North Jacksonville's fastest growing and most convenient locations, this exceptional property features five separate residences totaling approximately 4,424 square feet, creating an outstanding opportunity for investors, multi-generational families, business owners, or anyone seeking a property with multiple income streams and exceptional flexibility. Currently generating $7,800 per month ($93,600 annually) in rental income with only four of the five residences occupied, this property offers immediate cash flow while offering the opportunity to increase annual income by an added $18,600 simply by leasing the fifth residence.
Based on the current financials, the property produces approximately $82,200 in annual Net Operating Income, representing an attractive 10.96% cap rate at the $750,000 asking price. The property consists of four residential units plus a detached single-family home, offering flexibility that is nearly impossible to find in today's market. Three residences feature 2 bedrooms, 1 bathroom, each with private interior laundry.
The largest residence offers 3 bedrooms, 2 bathrooms, more than 1,360 square feet, and propane service for both the range and dryer. One residence also includes an insulated garage that could easily be converted into additional living space. The detached home provides even greater versatility, making it ideal as an owner-occupied residence, guest house, property manager's quarters, employee housing, or an additional rental opportunity.
Extensive capital improvements have already been completed, providing peace of mind and minimizing future maintenance expenses. Recent upgrades include: " New 6,250+ square foot ribbed metal roof " Updated plumbing throughout " New electrical panels with separate electric meters and primarily 12-gauge wiring " Hurricane-impact windows throughout most of the property " Durable red steel construction with predominantly metal siding " Matching tile flooring throughout all residences " Industrial-sized gutters with French drains " New appliances and propane service " Two oversized septic systems with expansive drain fields " Vinyl fencing with a heavy-duty automatic Ghost security gate The exterior is equally impressive with a 220-foot paved driveway, two large carports, greenhouse, oversized concrete RV pad with full RV hookups, extensive parking, and beautifully maintained grounds. The property is located in Flood Zone X, meaning it is outside of a designated flood hazard area.
Location is another major advantage. Just minutes from I-95 and I-295, the property is less than 10 minutes from Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, about 25 minutes to Jacksonville's beaches, and only minutes from River City Marketplace, offering major retailers, restaurants, and entertainment. Unlike most investment properties, this estate offers multiple exit strategies.
Continue operating it as a high-performing income property, occupy one residence while the remaining units generate substantial rental income, create a private multi-generational family compound, or explore the property's future development potential. Due to its size and configuration, the parcel may offer the opportunity for future subdivision or additional residential development, subject to buyer verification with the appropriate governmental authorities. With more than 4,400 square feet of living space, 1.36 acres, substantial recent improvements, existing cash flow, and future upside, this is a truly unique opportunity that would be extraordinarily difficult--and significantly more expensive--to recreate at today's land and construction costs.
Properties offering this combination of i…
Description provided by EPIQUE REALTY, INC and reproduced from the MLS; not independently verified.
Property facts & sources
Every fact, sourced
Listing data, public records, our calculations, and what to verify — each fact shown once. Estimates and calculations shown are for general information only, are not appraisals or advice, and should be independently verified.
Listing facts MLS
List price$750,000
Bed / bath10 / 6
Living area3,380 sq ft
Year built1948
Property typeSingle Family Residence
Garage2-car
MLS #2154677
Listing status17 days on market
Public records & third-party data
FEMA flood zoneZone X
Ground elevation~20 ft
Windstorm exposureModerate
CountyDuval
Area listings13 active · 5 under contract
Estimated first-year tax~$8,550/yr
CDD assessmentNone on record
HOA (estimate)$50/mo
Calculated estimates
Price per sq ft$222
Estimated monthly payment$4,970
Insurance (illustrative)$4k–$7k/yr
Comparable-sales median$250,000
Buyer should verify Buyer verify
Exact HOA dues, fees, and restrictionsRoof age and conditionHVAC age and conditionA property-specific insurance quoteSurvey and lot boundariesPermit historyFlood-insurance requirementsSchool zoning (confirm with the district)Property taxes after sale (homestead reset)CDD / community assessmentsSquare footage and room dimensions
This is a deliberately dumb estimate — living area times a range of recent neighborhood $/sq ft, and nothing else. It is not an appraisal, not market value, and not a valuation of this home. Even a tight range from comparable sales can’t price a specific home — here’s why.
$534,040the mess$676,000
Actual list price: $750,000 — compare it against the range above. The Messtimate is a blind sqft estimate; the list price reflects this specific home.
A 27% spread on the same house — and that gap is exactly what an automated guess can't see:
Condition & updates — a renovated kitchen or new roof vs. dated finishes can swing value six figures; sq ft can't see it.
The lot & views — a premium golf, water, or preserve lot vs. a road-facing one: same sq ft, very different price.
Outliers skew it — one flip or distressed sale in the comps drags the whole $/sq ft up or down.
Carrying costs & concessions — CDD, HOA, insurance, and seller-paid buydowns change what a buyer actually pays.
And here's what the live market is doing — which the number above ignores entirely:
This home: 17 days on market vs. a 12-day community median
13 active listings competing, 5 under contract
≈4.9 months of supply
32 closed here in the last 12 months
For reference, this home is listed at $750,000 ($222/sq ft) — a number set with analysis a Messtimate can't do.
Want a property-specific review from a licensed agent? A Momentum Realty agent will do a real, free comparative market analysis — walking the home, the lot, the condition, and the live market. That's the difference between a Messtimate and a valuation.
Methodology: 3,380 sq ft × $158–$200/sq ft from recent nearby closed sales (public records). Estimate for general information only; not an appraisal, valuation, or offer. Updated July 23, 2026.
Keep looking
Similar homes for sale near Oceanway
Active listings nearby at a comparable size and price. Listings held by brokerages other than Momentum Realty are marked with the listing broker. Deemed reliable but not guaranteed.
Listed for $750,000Momentum Realty · on market 17 days
Public records
Building permits
Permit history not yet linkedAdd county permit records via overrides
Estimated ownership costs
Estimated costs & disclosures
Estimated ownership costs for general information. Confirm each with the county, your lender, and an insurer. See data & estimate notes.
Property tax (first-year est.)
~$8,550/yr
A rough first-year estimate only, applying a typical Duval rate to the list price before any exemptions. Florida bills vary substantially after reassessment, homestead and other exemptions, and local taxing districts — this is not your expected bill. Confirm with the county property appraiser.
CDD assessment
None
No CDD assessment on record for this community.
Insurance (illustrative range)
$4k–$7k/yr
An illustrative modeled range, not based on carrier underwriting and not a quote. Florida premiums vary significantly by roof age, wind-mitigation features, claims history, and carrier — a real quote can land well outside this range. Flood insurance not federally mandated (Zone X). Get a quote from a licensed insurer before relying on any figure.
HOA
$50/mo
Covers the master association & common areas. Confirm exact dues and what they include.
Environmental data
Flood zone & elevation
Sourced environmental data for the parcel. Confirm with FEMA and your insurer.
FEMA flood zone
Zone X
From the FEMA National Flood Hazard Layer. In this zone lender-required flood insurance is generally not mandated; confirm for the parcel.
Ground elevation
~20 ft
Approximate parcel elevation from USGS. Run --online for a live reading.
Windstorm / insurance
Obtain a quote
This is a coastal Florida county. Premiums and coverage vary by home; obtain a quote from a licensed insurer.
Connectivity
Internet & broadband
Fiber
Check availability
AT&T Fiber covers much of NE Florida. Run --online or confirm at the address.
Cable
Likely
Xfinity/Spectrum cable broadband is widely available.
5G Home
Backup
T-Mobile / Verizon fixed-wireless as a backup option.
Market data · public records
Recent sales activity in Oceanway
Recent comparable closed sales near this home, from public records. Summary figures are for general reference only and are not a valuation of this property. See the Oceanway neighborhood guide for more.
Comparable sales found
0
Recent nearby closings in the data set.
Community median sale price
$250,000
Canonical 12-month median closed price. Reference only.
Community median $/sq ft
$179
Canonical 12-month median $/sq ft. Reference only.
Go deeper on Oceanway
See schools, amenities, builders, HOA/CDD detail, and every active & sold home in the community — the single biggest advantage of buying here over a portal.
Recent local developments near this home, compiled from news and public sources. Provided for general information; verify details with the original source.
Jun 2026 · Development
Hillwood contracts with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center
Master developer Hillwood contracted with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center on Jacksonville's Westside, continuing the buildout of the former Naval Air Station Cecil Field into an industrial and logistics park.
Why it matters: Continued absorption of large industrial parcels at Cecil signals sustained employment growth on the Westside, which can support housing demand across nearby communities. The project is about 22 miles southwest of Oceanway, elsewhere in Duval County.
Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs
Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.
Why it matters: A large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The site is about 9 miles southeast of Oceanway.
Hillwood seeks to mass-grade an AllianceFlorida site for a possible 1 million-square-foot building
Hillwood asked to mass grade a site at AllianceFlorida at Cecil Commerce Center to prepare for a possible 1 million-square-foot building, a step that typically precedes a large industrial or distribution user committing to the Westside park.
Why it matters: A build-ready million-square-foot pad points to a potential large employer on the Westside, the kind of jobs anchor that can lift demand for nearby housing. The project is about 22 miles southwest of Oceanway, elsewhere in Duval County.
JAXPORT details $250M Blount Island modernization and record cargo in 2026 State of the Ports
At its February 2026 State of the Ports address, JAXPORT outlined a $250 million modernization of Blount Island's container and vehicle-handling capabilities and reported record fiscal-2025 cargo volumes. The port also said an air-draft expansion to accommodate larger ships is on track to finish by the end of 2026.
Why it matters: Continued heavy investment in the Blount Island port complex anchors long-term industrial employment on the northeast side, a structural demand driver for the surrounding area. The site is about 9 miles southeast of Oceanway.
Approximate driving times to verified nearby destinations. Estimates for general reference; actual times vary with traffic and route.
Groceries
Family Asian Market 2 min
Dining
Xtreme Wings Sports Bar and Grille 2 min
Shopping
North Point Center 4 min
Parks
San Mateo Neighborhood Park 2 min
Assigned schools
Assigned schools
Schools currently assigned to this address in Duval County, provided as neutral factual data. Assignments can change — confirm current zoning with the school district. This is not a statement about the home's suitability for any person or family.
GRADEB
Oceanway Elementary SchoolPublic PreK-5 · Duval County School District · Grade B (Florida DOE 2025-26)
GRADEC
Oceanway School (Middle)Public 6-8 · Duval County School District · Grade C (Florida DOE 2025-26)
GRADEC
First Coast High SchoolPublic 9-12 · Duval County School District · Grade C (Florida DOE 2025-26)
How it stacks up
Comparable recent sales
Recent closed sales nearby, with photos, so you can compare. Sold prices are public record, deemed reliable but not guaranteed.
No closely comparable recent sales were found in this data set.
If you rent it out
Investment snapshot
Objective rental and cash-flow estimates for a buyer weighing this as an investment. Rough figures for general information only — not a guarantee of rent, an appraisal, or investment advice. Verify independently.
Estimated rent$3,438 – $5,000/moa rough gross-rent-yield range on list price (comp-based estimate coming).
Estimated cap rate4.2%Net operating income ÷ list price; excludes financing.
Est. monthly cash flow−$1,638 – −$232At 25% down, 30-yr; after a 10% vacancy/maintenance/management reserve.
Before you decide
Buyer research checklist
A neutral list of items to confirm for any home. This is general guidance, not advice about this specific property.
Confirm roof age and condition during inspection.
Confirm HVAC age and condition during inspection.
Request current HOA documents before relying on dues or restrictions.
Obtain an insurance quote for this specific property.
Confirm school zoning directly with the district.
Order a survey to confirm lot boundaries.
Review permit history with the county.
Confirm whether flood insurance is required for this parcel.
Confirm square footage and room dimensions independently.
Ask the county how property taxes may change after a sale.
Nearby & commute
Approximate distances
Approximate drive times for general reference only.
realMLS, refreshed twice daily (last: July 23, 2026)
Community market stats
realMLS closed sales, as of July 15, 2026
Flood zone & elevation
FEMA flood maps + USGS elevation (Zone X shown above)
Taxes & monthly cost
Estimated from county rates; not a quote
Insurance figure
Modeled estimate; obtain a real quote before offering
Schools
2025-26 district assignments; verify with the district
Momentum Research lines are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Estimates are informational, not appraisals or advice. Methodology: how Momentum scores are computed.
Answered before you ask
Frequently asked questions
Why might my property taxes differ from the current owner's?
Florida's Save Our Homes rule caps annual assessment increases for homesteaded owners, and the assessment can be re-set after a sale. As a result a new owner's bill may differ from the seller's. Any tax figure shown here is an estimate, not the actual bill — confirm with the county property appraiser and tax collector.
Where does the flood-zone information come from?
The flood designation shown (Zone X) comes from the FEMA flood map and is provided for general information. Confirm the parcel's status with FEMA and your insurer.
Can I rely on the figures on this page?
No. Estimated taxes, insurance, payments, and any market or comparable-sales summary are opinions and estimates for general information only and should not be relied upon. Verify all information independently before making any decision.
Ready when you are
See 865 COLE Road in person
Private tours available 7 days a week, in person or by live video walkthrough. Request a tour or send a question and a licensed Momentum Realty agent will follow up.
Opinion & estimate — do not rely on this page. Any figure on this page that is not a verbatim fact from the listing or a public record — including estimated property taxes, insurance, CDD/HOA amounts, mortgage payments, comparable-sales summaries, and market statistics — is an opinion and estimate provided for general informational purposes only. These figures may be inaccurate or out of date, are not appraisals, valuations, or financial, legal, tax, or investment advice, and should not be relied upon. Do not make any purchase, offer, financing, or other decision based on this page. Independently verify everything — price, square footage, lot size, year built, taxes, CDD/HOA, flood status, school assignments, permits, and community rules — with the listing broker, the county, your lender, a licensed inspector, an insurer, and your own advisors before acting.
Estimate methodology. Tax estimates apply a typical county millage rate to the list price and will differ from the actual assessed bill. Cost and market figures are derived from available data and simple calculations, not a professional appraisal. We make no representation that any estimate reflects fair market value.
Equal Housing Opportunity. Content on this page is compiled from public records, MLS data, and automated sources and may contain errors or be out of date. It is general information only, not a representation about any specific property, community, builder, or association. Verify information independently before relying on it. Momentum Realty supports the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. Information about schools, distances, and amenities is provided as neutral factual data to help you research the property and is not a statement about who should or should not live here or the suitability of the home or neighborhood for any person or group. School data may change — confirm current assignments with the school district.
Found an error? If you are the owner, listing agent, or a party to this property and believe any information is inaccurate, email and we will review and correct or remove it promptly.
Automated content. Some summaries, distances, and estimates on this page are generated automatically from public and proprietary data sources and may contain errors or omissions. We strive for accuracy but cannot guarantee the completeness or accuracy of any information. Verify anything important independently.
Sold price and details are from public records and the MLS, deemed reliable but not guaranteed. Shown for comparison only — not an appraisal or a statement of this home's value.
