OPPORTUNITY TO LIVE IN THE HEART OF AMELIA ISLAND'S HISTORIC DOWNTOWN DISTRICT. FAIRY TALE LOCATION! Just a 3 block stroll to Centre Street or a 4 blocks to the Historic Riverfront for the fabulous Amelia River sunsets. Ready for the beach? Jump on your bike & enjoy an easy 10 min ride across the island to wide sandy shores. The existing home at 505 an original 1930's shotgun house was approved in 2020 for renovation & addition of accessory dwelling unit. plans in docs. Combine 505 with 501 and have a combination of main house/guest house & plenty of room left for all your outdoor living dreams. Make this your home and find yourself surrounded by the charm of Fernandina's history. Structural assessment reports available upon request. Cross Listed with MLS number 103948 and 103949.