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$2,499,000
2139917 MLS 32177 Zip Code
Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment. The residential portfolio consists of: 3 single-family homes 1 triplex 2 duplexes (Totaling 11 rentable units and 3,650 rentable nights annually) In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand. Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55-65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings. A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including: Owner/operator headquarters Equipment or fleet storage Income-producing commercial lease Medical, wellness, or therapy facility conversion Assisted living / elder care concept (subject to zoning/approvals) This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential. Market Tailwinds - Putnam County Growth: Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.

100 Pilothouse Court, Palatka

$529,999
7 Beds 4 Baths 2103377 MLS 32177 Zip Code
Step into a rare piece of Florida history with this 3,790 sq ft home built in 1877 by Thomas Benjamin Eville using cypress harvested right from the property. Sitting on over 4 acres, 3 acres fenced, of agricultural-zoned land, it's perfect for horses, chickens, or your dream hobby farm. The three-acre fenced backyard is ready for animals and activities, while a refreshing pool and a pavilion with a summer kitchen set the stage for unforgettable gatherings. Inside, you'll find seven bedrooms (two non-conforming) and three and a half baths, including a beautifully remodeled primary suite and another updated bath. Four fireplaces add warmth and historic charm, while thoughtful updates — a new roof, air conditioning, and added insulation completed in 2017 — ensure comfort without sacrificing character. Over $250,000 in upgrades and refurbishments have been invested in this property — see the full upgrade list for details. A large steel building offers ample space for storage, equipment, or a workshop. You'll be just minutes from Ravine Gardens State Park, with schools, shopping, and even the nostalgic charm of the nearby train station close at hand. This home offers the perfect blend of history, space, and modern upgrades  ideal for anyone seeking a peaceful retreat, a family home with room to roam, or a property with agricultural freedom. All of this is set in Palatka, a historic riverfront community that's quietly transforming into one of Northeast Florida's most up-and-coming small towns.

4083 Silver Lake Drive, Palatka

$1,925,000
7 Beds 6 Baths 2048731 MLS 32177 Zip Code
PRICE REDUCED.Discover the ultimate retreat at the vacation estate of Ann Wilson, legendary lead singer of the iconic rock band Heart. Set on 12.48 acres with 510 feet of frontage along the scenic St. John's River, this private getaway offers expansive eastern views and an atmosphere perfect for relaxation. The 4,084 sq. ft. main house features 3 spacious bedrooms, 2.5 baths, and stunning river views from the infinity pool and spa. Enjoy the panoramic river views from the luxurious infinity pool and spa, or unwind on the expansive porches, poolside lanai, and multiple balconies that overlook the water. Step into the fully renovated 2,406 sq. ft. guest house, originally built in the early 1900s. This charming 4-bedroom, 2-bath home retains its historic character while offering modern comforts, including an elevator. The estate is designed for both luxury and practicality, with two 28kW backup generators, an artisan well, an irrigation system, and two pump houses. Additional features include a 980 sq. ft. RV port, a 1,159 sq. ft. workshop, and a private dock for enjoying life on the river. Surrounded by century-old oak and magnolia trees, this property exudes Old Florida charm, while offering plenty of space for further expansion. Whether you're reminiscing over Heart's greatest hits or simply soaking in the peaceful ambiance, this estate is your personal haven for relaxation and inspiration.

595 W River Road, Palatka

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