97150 Caravel Trl · Yulee, FL 32097

$385,900

3 bd · 2.0 ba · 1,354 sqft · SingleFamily public records · 101 Days on market

Built 1973 0.62 ac lot Est $353k · 9% over $25/mo HOA · 1% of rent

---

Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• Cash flow +6.6/30.0
• Schools +6.0/10.0
• ARV discount +3.4/15.0
• Livability +3.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• 1% rule +0.9/10.0
• DSCR +0.9/10.0

Listing remarks MLS

What a fabulous HOME, YARD, and NEIGHBORHOOD! Come see why everyone loves the highly desirable Pirates Wood community in Yulee. This charming 3-bedroom, 2-bath single-family home with 1,354 sq ft sits on a spacious half-acre offering privacy, room to grow, and outdoor enjoyment. Ideally located from the community pool, playground, community center, boat ramp, and fishing pier, this home is great for boating and outdoor enthusiasts. Plus, you're only 8 minutes from shopping and restaurants at A1A/200. The inviting brick front with covered porch welcomes you inside to a home that was completely renovated , featuring a new roof, new flooring, New paint, renovated kitchen and bathroom cabinets, countertops. The fully remodeled kitchen and bathrooms with modern finishes and a move-in ready feel. Detached car garage and a nice shed. Come experience the lifestyle for yourself — schedule your tour today!

Key facts

• Fishing pier
• Community pool
• Community center

Tags

• COMMUNITY POOL
• PLAYGROUND
• COMMUNITY CENTER
• BOAT RAMP
• FISHING PIER
• RENOVATED KITCHEN

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $300; Not a senior community

Exterior

• Parking: Garage (1 car)
• Utilities: Sewer connected; Water connected
• Home design: Single-family residence; Used for residential purposes
• Exterior features: Lot about 0.62 acres; No private pool

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Disposal

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $386k.

Deal economics

• At list price, monthly cash flow is $-633 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (29.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (40.6% below list).
• Recommended offer: $229k (40.6% below list) — sets the bar for 1% rule.
• Cap rate 4.3% vs local median 3.3% in Yulee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#605 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, crime B+; Watch: amenities F, commute F, health & safety F.
• Nassau (town): math 74% / reading 65% proficiency, ranked #4 of 73 in FL (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.9%/yr); 601 active listings in the ZIP; solid renter incomes; 953 units permitted in Nassau County in 2024 (24 in 5+ unit buildings).

Forward outlook

• In year one you build about $41k of equity ($3k loan paydown + $39k appreciation (10.0% local appreciation)).
• Nassau County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$66k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 13y ago; this cycle's ask has dropped $49k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $205k; list at $386k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $229,191 (40.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.59% ✗
• Cap rate: 4.33%
• Cash-on-cash: -7.03%
• DSCR: 0.69
• GRM: 14.0

CMA / ARV

• ARV (on-the-fly): $353,394
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
97089 Pirates Way	0.13mi	3/2.0	1,456 (+8%)	13mo	$290,000	$199	70
97361 Pirates Point Rd	0.32mi	3/2.0	1,338 (-1%)	23mo	$280,000	$209	64
97575 Pirates Point Rd	0.34mi	3/2.0	1,257 (-7%)	14mo	$385,000	$306	60
97448 Pirates Way	0.40mi	3/2.0	1,304 (-4%)	18mo	$605,000	$464	60
97099 Corsair Trl	0.38mi	4/2.0 (+1)	1,272 (-6%)	13mo	$300,000	$236	56
96805 Chester Rd	0.74mi	3/2.0	1,344 (-1%)	11mo	$351,000	$261	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 2.88% rent growth · sell at horizon

5-year hold

• IRR: 19.3%
• Equity multiple: 2.57×
• Total profit: $169,496
• Equity at exit: $347,649

10-year hold

• IRR: 17.7%
• Equity multiple: 5.91×
• Total profit: $530,063
• Equity at exit: $749,719

Cash invested: $108,052 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32097

• Home prices YoY: 19.5%
• Rents YoY: 2.9%
• Active inventory: 601
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $2,292 medium
• Mortgage (P&I): −$2,024
• Tax from tax record: −$234 /mo · $2,806/yr
• Insurance: −$161
• HOA: −$25
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $-633

Break-even live

Break-even rent $3,093

Max offer price $274,132

Occupancy floor —

Sensitivity live

Price	-10% $-414	-5% $-523	+0% $-633	+5% $-742	+10% $-851
Rent	-10% $-814	-5% $-723	+0% $-633	+5% $-542	+10% $-452
Rate	-1.0pp $-438	-0.5pp $-535	base $-633	+0.5pp $-733	+1.0pp $-834

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $96,475
• Closing costs: $11,577
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: pool

Listing history 50 events

1. 2026-06-21
   days on market $385,900 Active 101 DOM
2. 2026-06-18
   days on market $385,900 Active 98 DOM
3. 2026-06-17
   days on market $385,900 Active 97 DOM
4. 2026-06-16
   days on market $385,900 Active 96 DOM
5. 2026-06-15
   days on market $385,900 Active 95 DOM
6. 2026-06-13
   days on market $385,900 Active 93 DOM
7. 2026-06-13
   pricedays on market $385,900 Active 92 DOM
8. 2026-06-09
   days on market $399,900 Active 89 DOM
9. 2026-06-08
   days on market $399,900 Active 88 DOM
10. 2026-06-07
    days on market $399,900 Active 87 DOM
11. 2026-06-05
    days on market $399,900 Active 84 DOM
12. 2026-06-03
    days on market $399,900 Active 83 DOM
13. 2026-06-02
    days on market $399,900 Active 82 DOM
14. 2026-06-01
    days on market $399,900 Active 81 DOM
15. 2026-05-31
    days on market $399,900 Active 80 DOM
16. 2026-05-08
    price $399,900
17. 2026-04-30
    price $420,000
18. 2026-04-28
    price $420,000
19. 2026-04-07
    price $429,900
20. 2026-04-07
    price $429,900
21. 2026-03-24
    listed $435,000 Active
22. 2026-03-12
    listed $435,000 Active

    Show marketing remark (924 chars)

    What a fabulous HOME, YARD, and NEIGHBORHOOD! Come see why everyone loves the highly desirable Pirates Wood community in Yulee. This charming 3-bedroom, 2-bath single-family home with 1,354 sq ft sits on a spacious half-acre offering privacy, room to grow, and outdoor enjoyment. Ideally located from the community pool, playground, community center, boat ramp, and fishing pier, this home is great for boating and outdoor enthusiasts. Plus, you're only 8 minutes from shopping and restaurants at A1A/200. The inviting brick front with covered porch welcomes you inside to a home that was completely renovated , featuring a new roof, new flooring, New paint, renovated kitchen and bathroom cabinets, countertops. The fully remodeled kitchen and bathrooms with modern finishes and a move-in ready feel. Detached car garage and a nice shed. Come experience the lifestyle for yourself — schedule your tour today!

23. 2026-03-12
    historical 924-char remark

    Show marketing remark (924 chars)

    What a fabulous HOME, YARD, and NEIGHBORHOOD! Come see why everyone loves the highly desirable Pirates Wood community in Yulee. This charming 3-bedroom, 2-bath single-family home with 1,354 sq ft sits on a spacious half-acre offering privacy, room to grow, and outdoor enjoyment. Ideally located from the community pool, playground, community center, boat ramp, and fishing pier, this home is great for boating and outdoor enthusiasts. Plus, you're only 8 minutes from shopping and restaurants at A1A/200. The inviting brick front with covered porch welcomes you inside to a home that was completely renovated , featuring a new roof, new flooring, New paint, renovated kitchen and bathroom cabinets, countertops. The fully remodeled kitchen and bathrooms with modern finishes and a move-in ready feel. Detached car garage and a nice shed. Come experience the lifestyle for yourself — schedule your tour today!

24. 2026-02-14
    price $435,000 924-char remark

    Show marketing remark (924 chars)

    What a fabulous HOME, YARD, and NEIGHBORHOOD! Come see why everyone loves the highly desirable Pirates Wood community in Yulee. This charming 3-bedroom, 2-bath single-family home with 1,354 sq ft sits on a spacious half-acre offering privacy, room to grow, and outdoor enjoyment. Ideally located from the community pool, playground, community center, boat ramp, and fishing pier, this home is great for boating and outdoor enthusiasts. Plus, you're only 8 minutes from shopping and restaurants at A1A/200. The inviting brick front with covered porch welcomes you inside to a home that was completely renovated , featuring a new roof, new flooring, New paint, renovated kitchen and bathroom cabinets, countertops. The fully remodeled kitchen and bathrooms with modern finishes and a move-in ready feel. Detached car garage and a nice shed. Come experience the lifestyle for yourself — schedule your tour today!

25. 2026-01-26
    listed $441,500 Active 924-char remark

    Show marketing remark (924 chars)

    What a fabulous HOME, YARD, and NEIGHBORHOOD! Come see why everyone loves the highly desirable Pirates Wood community in Yulee. This charming 3-bedroom, 2-bath single-family home with 1,354 sq ft sits on a spacious half-acre offering privacy, room to grow, and outdoor enjoyment. Ideally located from the community pool, playground, community center, boat ramp, and fishing pier, this home is great for boating and outdoor enthusiasts. Plus, you're only 8 minutes from shopping and restaurants at A1A/200. The inviting brick front with covered porch welcomes you inside to a home that was completely renovated , featuring a new roof, new flooring, New paint, renovated kitchen and bathroom cabinets, countertops. The fully remodeled kitchen and bathrooms with modern finishes and a move-in ready feel. Detached car garage and a nice shed. Come experience the lifestyle for yourself — schedule your tour today!

26. 2025-11-20
    historical
27. 2025-11-13
    soldstatus $205,000 Closed
28. 2025-11-13
    soldstatus $205,000
29. 2025-10-22
    status Pending
30. 2025-09-03
    price $330,000
31. 2025-08-07
    price $355,000
32. 2025-07-28
    price $315,000
33. 2025-05-23
    listed $355,000 Active
34. 2025-05-23
    listed $355,000 Active
35. 2021-04-16
    soldstatus $259,900 Sold
36. 2021-04-16
    soldstatus $259,900
37. 2021-04-16
    soldstatus $259,900
38. 2021-03-10
    status Pending
39. 2021-03-09
    historical Active - Contingent
40. 2021-02-15
    listed $259,900 Active
41. 2021-02-15
    listed $259,900
42. 2014-11-04
    soldstatus $111,100
43. 2014-10-31
    soldstatus $111,000
44. 2014-10-31
    soldstatus $111,000
45. 2014-07-09
    listed $147,500
46. 2014-07-01
    listed $147,500
47. 2014-04-14
    listed $149,900
48. 2014-04-04
    historical
49. 2013-11-11
    listed $154,000
50. 2013-11-07
    listed $154,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,806 · $234/mo
• Projected year-2 tax: $3,203 · $267/mo
• Expected delta: +$397/yr (+$33/mo · 14.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 44% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,503
• − Mortgage interest: −$21,616
• − Property taxes: −$2,806
• − Insurance: −$1,930
• − Repairs & maintenance: −$2,200
• − Management: −$2,200
• − HOA: −$300
• − Depreciation: −$11,226
• Taxable loss: −$14,775
• Est. tax savings @ 24.0%: +$3,546
• After-tax cash flow: $-4,046/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Nassau
• NCES district ID: 1201350
• Math proficiency: 74% ▼ -2.00%
• Reading proficiency: 65% ▼ -2.00%
• Median HH income: $58,267
• Composite: 59.79/100
• National rank: #899
• State rank: #4 of 73 in FL

Livability — Yulee

• Score: 66/100
• State rank: #605
• US rank: #11615

Category grades

Amenities F Commute F Cost of living A- Crime B+ Employment B+ Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yulee, FL
• County: Nassau County · 67,729 people
• City population: 26,700
• Metro: Jacksonville, FL
• Population (ZIP): 26,700
• Household income: $93,161
• Rent vs Own: 19.8% rent · 80.2% own
• Severe rent burden: 404.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 88,419 people
• By 2030: 92,679 · +4.8%
• By 2040: 99,257 · +12.3%
• By 2050: 103,378 · +16.9%
• By 2075: 109,726 · +24.1%
• By 2100: 107,006 · +21.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 9% Black 9% Hispanic / Latino 8% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Italian 3% Romanian 2%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% Vietnamese 1%

Political lean MEDSL · Nassau

• 2024 margin: Solid R (+46.9) · D 26.1% · R 73.1%
• 2008→2024 swing: -3.1pp toward R · 2008: -43.8pp · 2024: -46.9pp
• All cycles: 2024: R+46.9 2020: R+45.9 2016: R+50.2 2012: R+48.6 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 49.35%
• Current HPI: 301.9299
• Rent YoY: ▲ 2.88%
• Metro: Jacksonville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1444.0% since first listed

39 events — show timeline

• 2026-05-08 Price Changed $399,900 realMLS
• 2026-04-30 Price Changed $420,000 AINCAR
• 2026-04-28 Price Changed $420,000 realMLS
• 2026-04-07 Price Changed $429,900 AINCAR
• 2026-04-07 Price Changed $429,900 realMLS
• 2026-03-24 Listed $435,000 AINCAR
• 2026-03-12 Listing Removed — realMLS
• 2026-03-12 Listed $435,000 realMLS
• 2026-02-14 Price Changed $435,000 realMLS
• 2026-01-26 Listed $441,500 realMLS
• 2025-11-20 Listing Removed — realMLS
• 2025-11-13 Sold (Public Records) $205,000 Public Records
• 2025-11-13 Sold (MLS) $205,000 AINCAR
• 2025-10-22 Pending — AINCAR
• 2025-09-03 Price Changed $330,000 AINCAR
• 2025-08-07 Price Changed $355,000 AINCAR
• 2025-07-28 Price Changed $315,000 AINCAR
• 2025-05-23 Listed $355,000 AINCAR
• 2025-05-23 Listed $355,000 realMLS
• 2021-04-16 Sold (Public Records) $259,900 Public Records
• 2021-04-16 Sold (MLS) $259,900 AINCAR
• 2021-04-16 Sold (MLS) $259,900 realMLS
• 2021-03-10 Pending — realMLS
• 2021-03-09 Contingent — realMLS
• 2021-02-15 Listed $259,900 AINCAR
• 2021-02-15 Listed $259,900 realMLS
• 2014-11-04 Sold (Public Records) $111,100 Public Records
• 2014-10-31 Sold (MLS) $111,000 realMLS
• 2014-10-31 Sold (MLS) $111,000 AINCAR
• 2014-07-09 Listed $147,500 realMLS
• 2014-07-01 Listed $147,500 AINCAR
• 2014-04-14 Listed $149,900 AINCAR
• 2014-04-04 Listing Removed — realMLS
• 2013-11-11 Listed $154,000 realMLS
• 2013-11-07 Listed $154,000 AINCAR
• 2013-11-04 Listing Removed — realMLS
• 2013-10-23 Listed $154,000 realMLS
• 1996-04-10 Sold (Public Records) $62,200 Public Records
• 1996-04-10 Sold (Public Records) $25,900 Public Records

Property tax history

+6.8%/yr

Latest (2025): $2,806 · +1.5% YoY. Source: county tax records.