INVESTMENT & REDEVELOPMENT OPPORTUNITY IN NEPTUNE BEACH! Rare opportunity on the corner of First St and Bay St in highly desirable Neptune Beach, just steps from the beach! Offered at $1,100,000, this property is positioned for an investor, builder, or developer seeking a coastal project. The property currently has a 1938 multifamily structure with approx. 1,980 SF, 4 bedrooms and 3 bathrooms on a 42'x100' lot. Due to the age and condition of the structure, the property is being marketed primarily for its redevelopment potential, and a tear-down may be the most practical approach. Property sold AS-IS; seller will make no repairs. Buyer to verify zoning, density, redevelopment options and intended use. SAFETY NOTICE: Exterior stairs and upper deck are unsafe. Bring your builder and vision to 201 Bay St!

"Based on information submitted to Northeast Florida Association of REALTORS as of September 16, 2026 7:46 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Property Details of 201 Bay Street

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Est. Mortgage:
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The Moorman Group

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Listing Tools

Hi there! How can we help you?

Property Details of 201 Bay Street

Map Location

Mortgage Calculator

Est. Mortgage: $/month over payments

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

The Moorman Group

Est. Mortgage:
$/month over payments