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    252 St Johns Dr Palatka, FL 32177

    For Sale
    $5,300,000

    Prime 300-Acre Riverfront Tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 12,927,736.8 square foot property in Palatka, Florida, presents a rare opportunity for significant development. Located at 252 St Johns Drive, this almost 300-acre assemblage comprises three parcels totaling approximately 296.78 acres, boasting over 1000 feet of frontage on the St. Johns River at one of its widest points. A tidal canal further enhances the property's unique features. Large portions of the land are cleared, and a current timber harvesting permit contributes to low property taxes. The property also benefits from a package plant certificate for water and sewer, simplifying development plans. Existing infrastructure includes a dock and boathouse situated at the canal's mouth. The location offers incredible water views and is strategically positioned approximately 10 miles north of historic downtown Palatka and about 18 miles from Green Cove Springs, benefiting from the anticipated growth spurred by the new First Coast Expressway. Nearby amenities include a Walmart and other major retailers. The seller will consider holding a first mortgage, making this a compelling investment for large-scale riverfront development, a private estate, or a hunting preserve. This unique property offers tremendous potential for a variety of uses. The property's location in Putnam County, Florida, zip code 32177, provides easy access to major roadways and nearby urban centers.

    Property Features for 252 St Johns Dr

    General Information

    Property type
    Land

    HighLights

    • Rare opportunity: 296.78‑acre assemblage in Palatka, FL, ideal for large‑scale development.
    • Over 1,000 ft. St. Johns River frontage, plus tidal canal access.
    • Mostly cleared land, existing dock & boathouse, and current timber permit.
    • Water & sewer package plant certificate simplifies development.
    • Convenient location: ~10 miles north of Palatka, ~18 miles from Green Cove Springs, near major retailers.
    • Seller financing considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.56929
    Latitude
    29.7526011

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    FAQs

    What type of property is this?
    Land - Prime 300-Acre Riverfront Tract
    Where is this land located?
    The property is located at 252 St Johns Dr Palatka, FL.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Rare opportunity: 296.78-acre assemblage in Palatka, FL, ideal for large-scale development.; Over 1,000 ft. St. Johns River frontage, plus tidal canal access.; Mostly cleared land, existing dock & boathouse, and current timber permit.
    (386) 426-7234
    Request Owner's contact information
    252 St Johns Dr Palatka, FL 32177
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    Palatka, FL 32177
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    252 St Johns Dr Palatka, FL 32177
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