$5,300,000
Palatka, FL 32177
MLS# 1100678
1 / 11
Property Description
WOW! ALMOST 300 ACRES WITH OVER 1000 FT ON THE BEAUTIFUL SAINT JOHNS RIVER AT ONE OF THE WIDEST POINTS. THE ASSEMBLEGE CONSISTS OF THREE OFFERINGS - OFFERING #1 IS 212.73 ACRES; OFFERING #2 IS 63.45 ACRES AND OFFERING #3 IS 20.6 ACRES. NOT ONLY IS THERE BEAUTIFUL RIVERFRONT, BUT THERE IS A TIDAL CANAL THAT RUNS DOWN PART OF THE PROPERTY THAT PROVIDES ANOTHER GREAT AMENITY. LARGE SECTIONS OF THE PROPERTY ARE CLEARED. THERE IS A TIMBER HARVESTING PERMIT ON THE PROPERTY WHICH KEEPS THE TAXES LOW. THE OWNER OF THE PROPERTY ALSO HAS A PACKAGE PLANT CERTIFICATE FOR WATER AND SEWER. THIS BEAUTIFUL OLD FLORIDA PROPERTY HAS MANY POSSIBILITIES - RIVERFRONT ESTATE OR YOUR OWN PRIVATE HUNTING CAMP OR A DEVELOPMENT FOR HUNDREDS OF HOMES.
Details
Contract Information
Listing Date: 2022-08-24
Current Price: $5,300,000
List Price: $5,300,000
List Price/Acre: 17858.35
Sellers Preferred Escrow Agent: Glen Storch
Location, Tax & Legal
Street #: 252
Street Name: St Johns
Street Suffix: Drive
County: Putnam
State/Province: FL
Zip Code: 32177
Area: 99 - Other
Maint Fee Paid: N/A
Sub-Type: Agricultural
Tax ID: Various
Directions: From W River Rd, East on Bridgeport Rd to right on Saint Johns Dr. Continue to the end of the Rd and locked gate.
Zoning: Other
Zoning (Text): Agriculture
General Property Description
Subdivision: Not On The List
Road Frontage: 9520
Acreage: 296.78
Franchise Opt In: No
Status Change Info
Status: Active
Property Features
Waterfront: Riverfront
Streets: Asphalt
Water: None
Sewer: None
Utilities at Site: Electric
Financing: OWC - Financing
Special Conditions: None
Supplements
THE RIVERFRONT PROPERTY HAS AN EXISTING DOCK AND BOATHOUSE SITUATED AT THE MOUTH OF THE CANAL AND A WIDE PLACE ON THE RIVER. INCREDIBLE WATER VIEWS ON THIS WIDE SECTION OF THE ST JOHNS RIVER. THIS LOCATION HAS TREMENDOUS POTENTIAL. THE LOCATION IS APPROXIMATELY 10 MILES NORTH OF HISTORIC DOWNTOWN PALATKA AND ABOUT 18 MILES FROM GREEN COVE SPRINGS AND THE GROWTH AND DEVELOPMENT THAT WILL COME WITH THE NEW FIRST COAST EXPRESSWAY. A NEW WALMART IS A FEW MILES FROM THIS SITE AND THERE ARE OTHER BIG NAME STORES COMING TO THIS AREA. THE OWNERS WILL CONSIDER HOLDING A FIRST MORTGAGE. RARE OPPORTUNITY FOR A GRAND RIVERFRONT DEVELOPMENT.
Listing Office: The Barnett Group Inc.
Last Updated: February - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.