Amelia Island’s Million-plus Luxury Home Sales 2010

AMELIA ISLAND, Fla. (January 7, 2011) — Taking a look back through 2010 sales transactions above $1 million, here’s a review of some of the high-end properties sold at the beach on this U.S. east coast island on the Florida-Georgia border.

Amelia Island’s luxury real estate market includes oceanfront properties located along South Fletcher Avenue, the island’s southend resorts (Summer Beach Resort, Omni Amelia Island Plantation Resort), and The Sanctuary.

The top sale of the year at the seaside on Amelia Island was a single-family oceanfront estate in “The Sanctuary of Amelia Island” that sold for $3,944,000 in September 2010. The home was approximately 8,700 square feet on a 1.23 acre oceanfront lot. “The Sanctuary” is an intimate enclave of a dozen properties tucked away on a lovely tree-canopied lane on the ocean. These are the most southern homes built on the beachfront, near Amelia Island State Park.

It’s interesting to note that a sizable property — around 42 acres — sits wedged between “The Sanctuary” and Amelia Island State Park. Undeveloped currently, this large oceanfront parcel is on the 2010 tax roll at an assessed value of $12,175,000, with a property tax bill paid in 2010 just shy of $200,000. Thus, those who have spent time on the southend of the island may be surprised to know that some of what is likely perceived to be part of Amelia Island State Park, is actually privately-owned by a company in Richmond, Virgina. Perhaps someday “The Sanctuary” homes will no longer be the most southern on the ocean.

During 2010, five Carlton Dunes, Summer Beach Resort’s luxury oceanfront condos (located next door to the Ritz-Carlton) were sold:

A 5th floor Carlton Dunes condo sized 3,046 square feet with 4 bedrooms and 4.5 baths sold for $1,400,000 in September, 2010, $200,000 less than the last sales transaction of the same unit about 3 and a half years ago. (It previously sold for $1,600,000 back in 2007.)

Another 5th floor Carlton Dunes condo (same description as above), sold for $1,300,000 in August, 2010. Three more Carlton Dunes condos also sold during 2010 in the price range of $1,050,000 to $1,250,000

Oceanfront homes on South Fletcher Avenue, Fernandina Beach (running parallel to the beach, this road runs north-south, mostly within the city of Fernandina Beach boundaries on Amelia Island):

— A 4 bedroom, 3.5 bath single-family home sized 3,500 square feet on an oceanfront lot sized around 118 wide by 92 feet deep, sold for $1,700,000 in March, 2010.

— A 3 bedroom, 2 bath 1,442 square foot older home (built in the 1960s) on a deep oceanfront lot (around 100 frontage by 400 feet), sold in November 2010 for $1,220,000.

Omni Amelia Island Plantation Resort residential real estate:

— An oceanfront town home on Dunes Court sized around 2,667 square feet with 4 bedrooms and 4 baths sold for $1,250,000 in January 2010.

— A 4th floor Dunes Club Villa, sized approximately 3,312 square feet with 3 bedrooms and 3.5 baths sold for $1,200,000 in May 2010. (This same unit previously sold for $1,685,100 in 2006.)

— A single-family home in the Long Point golf course community at Amelia Island Plantation sized around 3,321 square feet with marshfront views, heated swimming pool, 4 bedrooms and 3.5 baths on a three-quarter acre lot sold for $1,100,000 in May 2010.

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Data Source: Qualified sales, improved properties in the residential category from the Nassau County, Florida Property Appraiser’s office recorded sales data online (for sales over $1 million during the calendar year 2010). Information is deemed reliable but is not guaranteed and may contain errors. The website’s disclaimer states there are “no warranties, expressed or implied, concerning the accuracy, completeness, reliability, or suitability of this data.”