Oyster Bay Harbor Neighborhood Real Estate Update - 2024, 1st Quarter

While the demand for existing resale homes in the Oyster Bay Harbour Community of Fernandina Beach, FL has slowed down this quarter, we’re still seeing significantly high prices for homes in the community. Additionally, vacant lot sales have started picking up again. As a top listing agent in the Oyster Bay Harbour neighborhood as well as a resident realtor, here's a quick recap of the Oyster Bay Harbour real estate market as we start off 2024.

Recent Home Sales in Oyster Bay Harbor

• 96626 Bay View – Sold 3/19/24 for $1,100,000 ($423/sf) – MLS #106359*
• 96600 Compass Point – Sold 2/29/24 for $912,965 ($317/sf) - MLS #102828*

Two homes sold during the 1^th quarter of 2024. Both were new homes constructed by the builder Artisan and located in the newer section of Oyster Bay close to the yacht club. The average square-foot price of these new homes was $373/sq-ft. This was down from the average $422/sq-ft price of homes sold in the 4^th Quarter of 2023, but up 29% from the average $326/sq-ft price of the new home sold in Oyster Bay one year ago.

Homes Currently Available for Sale in Oyster Bay Harbor

• 96321 Bay View - $1,799,000 ($393/sf) – MLS#107156
• 96582 Compass Point - $1,300,000 ($459/sf) – MLS #106394*
• 96478 Soap Creek - $1,299,000 ($381/sf) – MLS #1179202*
• 96199 Light Wind - $1,050,000 ($353/sf) – MLS #106126*
• 96026 Park - $999,800 ($307/sf) – MLS #105512
• 96058 Bay View - $969,000 ($306/sf) – MLS #106394*

As of March 31, 2024 there are currently six existing homes listed as Active for sale in the Oyster Bay Harbour neighborhood of Fernandina Beach ranging in price from $969,000 - $1,799,000. The average listed price per square foot is $367.

New Home/Lot Packages Available for Sale in Oyster Bay Harbor

• 96582 Bay View - $920,000 ($343/sf) – MLS #1245407*
• 96634 Soap Creek - $1,650,000 ($461/sf) – MLS #2003071*

There are also currently two home/lot building packages listed Active for sale in Oyster Bay Harbour with an average price of $1,285,000, or $402/square-foot. Two home/lot packages that had been previously listed Active for sale in the MLS by the builder Artisan have been withdrawn.

Homes Under Contract in Oyster Bay Harbor 

• 96594 Compass Point – Listed for $949,000 ($342/sf) – MLS #105857*
• 96558 Compass Point – Listed for $899,000 ($317/sf) - MLS #103512*
• 96401 Contessa Point - Listed for $719,000 ($311/sf) - MLS #101678*

Three homes are currently Under Contract in the neighborhood. All of these are villas that are in the process of being built by the builder Artisan. The average square-foot price of these homes is $323/square-foot, for a total average price of $855,666 per villa. However, this listed price may differ from the final sale price once the homes are fully specked out and built.

Vacant Lots Sold in Oyster Bay Harbor

• 96621 Bay View – Sold 1/5/24 for $375,000 – MLS #106407
• 96744 Soap Creek – Sold 3/28/24 for $220,000 - MLS #104358*
• 96269 Park – Sold 3/8/24 for $169,000 – MLS #107048*

While home sales have slowed down in the neighborhood, lot sales have picked up! Three lots sold in Oyster Bay Harbour last quarter – 1 interior lot and 2 marshfront lots.

The lot I listed and sold at 96621 Bay View Dr. for $375,000 was a record setting lot sale for the Oyster Bay neighborhood! The previous record was when I sold this same lot two years earlier for $349,000.

Vacant Lots Available for Purchase in Oyster Bay Harbor

• 96524 Soap Creek - $335,000 – MLS #107049*
• 96426 & 96430 Conch - $299,900 - MLS #104817
• 96590 Bay View - $299,900 – MLS #1245482*
• 96602 Bay View - $299,000 – MLS #1245484*
• 96600 Soap Creek - $285,000 - MLS #106714
• 96424 Soap Creek - $275,000 – MLS #105506
• 96588 Soap Creek - $269,000 – MLS #106441
• 96614 Bay View - $265,000 - MLS #105816*
• 96720 Soap Creek - $224,500 - MLS #107626*

While there are no vacant lots currently Under Contract in the Oyster Bay Harbour neighborhood, there  are currently 9 vacant lot listings Active for sale, 4 of which I have listed for sale. The average price of lots listed for sale is $283,589.

What Buyers are Looking For in Oyster Bay Harbor
I do have several customers I’m working with who are looking for a vacant interior lot in Oyster Bay Harbour, and several more customers who are looking for an existing single-story, smaller home in the community. If you have either of these options and would consider selling, please feel free to reach out to me.

Curious how much your home in the Oyster Bay Harbour neighborhood of Fernandina Beach, Florida is worth? Visit my web page devoted to the neighborhood Oyster Bay Harbour at https://www.CloseWithColleen.com/OysterBay

Visit https://www.CloseWithColleen.com/listing to search for a home in the Oyster Bay Harbour neighborhood, or around Amelia Island and Fernandina Beach, Florida.

How can you find out when a home in the Oyster Bay Harbour Community is listed for sale? Join the Oyster Bay Harbour Buyers waitlist at https://www.CloseWithColleen.com/OysterBayWaitlist

Or feel free to call or text me at (904) 866-1211 or email me at Colleen@CloseWithColleen.com if I can help with any of your real estate needs in the Oyster Bay Harbour community, or around Fernandina Beach, Amelia Island, Yulee, or Nassau County, Florida. 

ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKE
Colleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen.

*Property not listed for sale by Colleen Gerke of Engel & Volkers First Coast.