Penman Terrace
Homes for Sale in Neptune Beach, FL

Penman Terrace market snapshot (as of October 1, 2026): the median sale price is about $677K ($368 per sq ft over the trailing 12 months of closed sales), and a median 59 days on market for closed sales.

In ZIP 32266 (Neptune Beach), 115 homes closed in the last 12 months at a median of $650K ($423/sq ft), up 3.3% year over year, with a median 32 days on market. Right now 14 active and 3 pending listings put supply at about 2.9 months — a balanced market. See the live ZIP 32266 housing market and the Duval County market.

County records show 11 qualified sales in Penman Terrace across 2024–2025 (9 in 2024, 2 in 2025), median $545,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Penman Terrace is a community of 184 homes in Neptune Beach, Duval County, built between 1938 and 2019 (median 1974.5), with a median living area of about 1,881 square feet. 76% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Penman Terrace is a Neptune Beach neighborhood of 242 homes with construction spanning 1933 to 2019 and a median living area of 1,881 square feet — no community amenities are identified from current MLS listings, so what you're buying is the house and the lot, not a shared package.

• Duncan U. Fletcher High School (Duval County Public Schools); verify by address · High
• Duncan Fletcher Middle School (verify by address) · Middle
• Neptune Beach Elementary School (verify by address)FLDOE grade A · Elementary

Grades are official Florida Department of Education school grades for 2025-26. Assignments are reported as of the 2025-26 year and can change; always confirm with Duval County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Penman Terrace address.

The 1933–2019 build range is the first thing to understand about Penman Terrace: it's not a single-era subdivision, it's a neighborhood that filled in and redeveloped over decades. That means due diligence has to be done home by home — a listing from the earlier end of that range carries a different maintenance and systems-age profile than something built toward 2019, even sitting on the same street. The median living area of 1,881 square feet suggests the bulk of the stock is neither a small starter footprint nor an oversized build, which tends to widen the pool of buyers a given home can appeal to on resale.

The 77% homestead share is the more telling number. In a market with zero active listings and only two closings in the current window, that high owner-occupancy rate helps explain why: homes here aren't cycling through as often as they would in an investor-heavy or rental-heavy pocket. Low current inventory paired with high homestead concentration points to a neighborhood where residents tend to stay, and where a home coming to market is more the exception than the routine.

With zero active listings and just two closings in the current window, there isn't a public search feed to lean on in Penman Terrace — there's barely a market to scroll through. This is where a Northeast Florida brokerage with standing relationships across Neptune Beach and Duval County earns its fee: knowing which owners might be ready to sell before a sign goes up, and pricing a home against real comparable sales rather than guesswork, matters more here than in a subdivision with dozens of active listings to triangulate against.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.