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0 Lakeside Dr
Jacksonville, FL 32210
The Ortega · Land For Sale
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1.26 AC
Investment Highlights
- Sandwiched between Ortega/Avondale, 2 of Jacksonville’s most storied and exclusive neighborhoods with the majority of the city’s generational wealth.
- Fully entitled as “Phase 2” to existing condominium tower - the only existing waterfront site with approved height entitlements.
- Zoned and Development-ready (filled and bulkheaded).
Executive Summary
There is an abundance of high-net-worth families in the area, and in big multimillion dollar mansions, but the last high-end condos built for the neighborhood were completed in 2005 and are already dated. As a result, even vintage 1980s condos with eight-foot ceiling heights adjacent to the subject site are selling for more than $700K and $300–350 PSF.
When area couples want to downsize from their homes and remain in the area to be near their children and grandchildren, there simply are no options and there are no new
proposals to fill this demand.
This location is commanding the attention of some of the most prestigious condo developers and architects.
The question remains—can high-end condos pencil for the site? The short answer is yes!
But don’t take our word for it—flip through for some compelling data.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units - Condo |
| Property Type | Land | Total Lot Size | 1.26 AC |
| Zoning | PUD - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 1.26 AC |
| Zoning | PUD - Commercial |
1 Lot Available
Lot
| Price | $8,000,000 | Lot Size | 1.26 AC |
| Price Per AC | $6,349,206.35 |
| Price | $8,000,000 |
| Price Per AC | $6,349,206.35 |
| Lot Size | 1.26 AC |
» Fully entitled as “Phase 2” to existing condominium tower – Up to 80 units – Up to 22 stories » Zoned and Development-ready (filled and bulkheaded)
Description
Located smack dab in the middle of Jacksonville’s most established old-moneyed neighborhoods, this site has no competition. There is an abundance of high-net-worth families in the area, and in big multimillion dollar mansions, but the last high-end condos built for the neighborhood were completed in 2005 and are already dated. As a result, even vintage 1980s condos with eight-foot ceiling heights adjacent to the subject site are selling for more than $700K and $300–350 PSF. When area couples want to downsize from their homes and remain in the area to be near their children and grandchildren, there simply are no options and there are no new proposals to fill this demand. This location is commanding the attention of some of the most prestigious condo developers and architects. Related Group has successfully pre-sold a 26-unit project in Jacksonville Beach, achieving $850 psf pre-sales and a $3.3 million average price, with mostly local buyers. With height limits across all northeast Florida beaches communities, developers are looking for waterfront sites intown. This is the only site available that is fully entitled and ready to go, and just so happens to be in the best intown neighborhoods.
Property Taxes
| Parcel Number | 093304-0100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,809,954 |
Property Taxes
