Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Intracoastal Homesite in Marsh Harbor Title is generated by Realmo AI

    986 S HARBOR LIGHTS Drive, Ponte Vedra, FL 32081

    View on Map
    Claim this Listing
    For Sale
    $1,950,000

    LAND - Ponte Vedra, FL

    Lot size:
    1.17 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 2 at 8:06 am

    Property Features for 986 S HARBOR LIGHTS Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0697310120
    Lot size
    1.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Navigable Water, River Access
    Water front
    1

    We can help!

    Listing Contact
    KRISTAN CLOUD-MALIN

    Listing agent KRISTAN CLOUD-MALIN

    Listing office KELLER WILLIAMS REALTY ATLANTIC PARTNERS 13000 Sawgrass Village Circ Bldg #1, Atlantic Beach, FL

    Listing date Feb 26, 2026

    MLS# 2132101 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Intracoastal homesite with 99' frontage, eastern exposure and expansive intracoastal/marsh views.
    • Located in the exclusive gated community of Marsh Harbor.
    • No required deadline to commence construction.
    • Large 1.17 acre lot (99' x 505') with preserved natural landscapes ensuring privacy.
    • Convenient location: minutes from the beach, shops, restaurants, and Nocatee Town Center.
    • Zoned for top‑rated St. Johns County schools.

    Overview

    This 1.17-acre homesite, located in the exclusive gated community of Marsh Harbor, offers the opportunity to build a custom dream home. The property features 99 feet of intracoastal frontage and expansive eastern views of the intracoastal waterway and marsh. A key benefit is the absence of a required construction commencement deadline. Buyers can select from approved custom home builders or propose their own, subject to Architectural Review Board approval. The buildable area of the homesite is 0.30 acres (99' x 175'). Bordered by preserved natural landscapes, the property ensures a high degree of privacy. The location provides convenient access to nearby shops, restaurants, and Nocatee Town Center, and is just minutes from the beach. It is approximately 19 nautical miles to the St. Augustine or Mayport inlets. The annual HOA dues are currently $2,567.96, with a one-time capital contribution of $3,851.94. The property is zoned for St. Johns County schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Gym & Fitness Center Storage Facility Bar & Pub Travel Agency Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ponte Vedra
    County
    St. Johns
    State
    Florida
    Longitude
    -81.381565
    Latitude
    30.121911

    Nearby Similar for Sale

    • $659,000

      Ponte Vedra Homesite Opportunity

      0.62 acre homesite in gated River Landing at Twenty Mile.
      109 AUTUMN TIDE Trail, Ponte Vedra, FL 32081
      View Details
    • $1,790,000

      Intracoastal Homesite in Marsh Harbor

      Exclusive gated community homesite with intracoastal and marsh views.
      874 S HARBOR LIGHTS Drive, Ponte Vedra, FL 32081
      View Details
    • $675,000

      Ponte Vedra Land Opportunity

      High and dry land near Nocatee, suitable for development.
      10160 OLD DIXIE Highway, Ponte Vedra, FL 32081
      View Details
    • $1,710,000

      Intracoastal Homesite in Gated Community

      Exclusive 1.06-acre homesite with intracoastal views in Ponte Vedra.
      794 S HARBOR LIGHTS, Ponte Vedra, FL 32081
      View Details
    • $768,000
      1,479 SF

      2nd Gen Restaurant in St Johns County

      145 Hilden Rd, Unit 106, Ponte Vedra, FL 32081
      View Details
    • $1,770,000

      Intracoastal Homesite in Gated Community

      1.15-acre homesite with intracoastal views in Ponte Vedra, FL.
      854 S HARBOR LIGHTS Drive, Ponte Vedra, FL 32081
      View Details
    • $1,750,000

      Intracoastal Homesite in Marsh Harbor

      Exclusive gated community homesite with intracoastal and marsh views.
      834 S HARBOR LIGHTS Drive, Ponte Vedra, FL 32081
      View Details
    • $775,000

      Ponte Vedra Homesite in Nocatee

      Exceptional 0.73 acre homesite in gated community.
      431 RIVER BREEZE Drive, Ponte Vedra, FL 32081
      View Details
    • $824,000

      Expansive Homesite in Gated Community

      0.90-acre homesite in River Landing, Nocatee's premier gated estate.
      53 AUTUMN TIDE Trail, Ponte Vedra, FL 32081
      View Details
    • $832,000

      Land For Sale

      Land available in Ponte Vedra, Florida.
      195 WHISTLING PALM Court, Ponte Vedra, FL 32081
      View Details
    • $1,300,000

      Developable Land in St. Johns

      2.15 net acres with medical/office development rights.
      122 Citrus Ridge Dr, Ponte Vedra, FL
      View Details
    • $850,000
      1,456 SF

      Jonis Pizza Restaurant For Sale

      Turnkey Italian restaurant with equipment and furniture included in sale.
      145 Hilden Rd, Ponte Vedra, FL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Exclusive gated community homesite with intracoastal and marsh views.
    Where is this residential land & home lot located?
    The property is located at 986 S HARBOR LIGHTS Drive Ponte Vedra, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Intracoastal homesite with 99' frontage, eastern exposure and expansive intracoastal/marsh views.; Located in the exclusive gated community of Marsh Harbor.; No required deadline to commence construction.
    (904) 382-5526
    We can help!
    Listing Contact
    KRISTAN CLOUD-MALIN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    986 S HARBOR LIGHTS Drive, Ponte Vedra, FL 32081
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!