5969 Edenfield Rd Jacksonville, FL 32277
This exceptional 9.96-acre waterfront property in Jacksonville, Florida, presents a unique residential development opportunity. Located on the St. Johns River at 5969 Edenfield Rd, Duval County, zip code 32277 (30.38208, -81.5987), this land boasts permitted zoning for RMD-D and RMD-B, allowing for up to 20 units per acre. The asking price is $1,700,000, translating to approximately $170,683 per acre. The property includes rights to a slip, adding significant value. Situated near high-end single-family homes and multifamily developments, this location offers easy access to downtown Jacksonville (7.5 miles), the Port of Jacksonville, and area beaches. A development agreement is in place, extending its validity until September 2029. The property's proximity to Jacksonville University (two miles) further enhances its appeal. Detailed wetlands mapping is available. This is a rare chance to acquire a substantial riverfront parcel with established development potential, offering a compelling investment opportunity in a thriving Florida market. The property consists of three parcels. A permitted marina site from the St. Johns River Water Management is included.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.