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    Hoover Rd Palatka, FL 32177

    Sponsored
    For Sale
    $5,600,000

    2,657 Acres, Exceptional Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional investment opportunity: 2,657 acres of prime hunting and timberland in Putnam County, Florida, near Palatka. This property boasts 74% uplands with productive timber soils, featuring well-managed merchantable and pre-merchantable planted slash pine situated in a strong timber market. A conservation easement protects 2,293 acres, preserving the natural beauty while leaving 264 acres unencumbered. The unencumbered acreage includes a 1,176 sq ft, three-bedroom, one-bathroom camp house with a screened porch, an equipment shed, a detached bathhouse/restroom, and hookups for RVs/campers. Enjoy abundant recreational opportunities, including hunting, with numerous wood roads and trails ideal for ATVs/UTVs and horseback riding. Conveniently located within 25 miles of Gainesville and the University of Florida, 15 miles from Palatka and the St. Johns River, and approximately an hour from Jacksonville and the Atlantic beaches. The property is zoned Agriculture/A2. Asking price is $5,600,000, with a land value of $2,108 per acre. This is a unique blend of conservation and development potential, making it an ideal investment for discerning buyers.

    Property Features for 0 Hoover Rd

    General Information

    Property type
    Agricultural land
    Lot Size
    115,738,920 SF

    HighLights

    • 30‑minute drive to Gainesville and the University of Florida.
    • 20‑minute drive to Palatka and the St. Johns River; one‑hour drive to Jacksonville.
    • Professionally managed timberland.
    • 2,393 acres under conservation easement.
    • 264 acres unencumbered, including a house and barn.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.8117594
    Latitude
    29.6398662

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    FAQs

    What type of property is this?
    Agricultural land - 2,657 Acres, Exceptional Investment
    Where is this agricultural land located?
    The property is located at Hoover Rd Palatka, FL.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: 30-minute drive to Gainesville and the University of Florida.; 20-minute drive to Palatka and the St. Johns River; one-hour drive to Jacksonville.; Professionally managed timberland.
    (352) 505-9274
    Request Owner's contact information
    Hoover Rd 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

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    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
    Hoover Rd Palatka, FL 32177
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