108 LYNNE Drive
About This Property
Yearning for tranquility and endless possibilities? Almost 7-acre rural dream in Palatka, FL, offers the ultimate escape from the city's hustle and bustle. Nestled beneath magnificent southern oaks, a charming 3-bedroom, 2-bathroom home welcomes you. Enjoy your daily commute on peaceful backroads, each day arriving home to a securely gated entry and a fully fenced main yard. Find a fully finished, climate-controlled movie theater with a specially painted wall that reflects light and allows for a 3d theater. Whoever thought you could enjoy a cinematic experience at home?! Also on the property, one can tinker away at any auto project in a dedicated car shop. Connect with nature in the animal paddock (previously used for goats). Cast a line in the fully stocked 35-foot pond, teeming with bass and frequented by migrating waterfowl. Take a dip in the spring-fed, clean water for a refreshing swim on those hot summer days or in the creek that flows through the back of the property. Relax and unwind under the tiki bar's ceiling fan, soaking in the stunning pond views. Step inside the spacious 1626 sq. ft.main home and 630 Sqft theater Room -- featuring a split bedroom floor plan. You'll find a master suite with a massive walk-in closet and ample bathroom vanity space. In the living room awaits a cozy window seat perfect for curling up with a good book. Even on rainy days, enjoy the outdoors in the large screened-in patio. This isn't just a house; it's a lifestyle. Embrace peace, connect with nature, and create lasting memories in your own private paradise.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Listed by CHAD AND SANDY REAL ESTATE GRP | $499,900 | |
| Listed by CHAD AND SANDY REAL ESTATE GRP | |||
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Multiple offers received. - Best due by Wed 3/13 2pm ** 7 ACRES ** POND STOCKED WITH BASS ** SPACE FOR 3D MOVIE THEATER ** PADDOCK FOR ANIMALS **
Yearning for tranquility and endless possibilities? This 7-acre rural dream in Palatka, FL, offers the ultimate escape from the city's hustle and bustle. Nestled beneath magnificent southern oaks, a charming 3-bedroom, 2-bathroom home welcomes you. Enjoy your daily commute on peaceful back roads, each day arriving home to a securely gated entry and a fully fenced main yard. Find a fully finished, climate-controlled movie theater with a specially painted wall that reflects light and allows for a 3d theater. Whoever thought you could enjoy a cinematic experience at home?! Also on the property, one can tinker away at any auto project in a dedicated car shop. Connect with nature in the animal paddock (previously used for goats). Cast a line in the fully stocked 35-foot pond, teeming with bass and frequented by migrating waterfowl. Take a dip in the spring-fed, clean water for a refreshing swim on those hot summer days. Relax and unwind under the tiki bar's ceiling fan, soaking in the stunning pond views. Step inside the spacious 1626 sq. ft.main home featuring a split bedroom floor plan includes 630 Sqft Theater Room detached. You’ll find a master suite with a massive walk-in closet and ample bathroom vanity space. In the living room awaits a cozy window seat perfect for curling up with a good book. Even on rainy days, enjoy the outdoors in the large screened-in patio. This isn't just a house; it's a lifestyle. Embrace peace, connect with nature, and create lasting memories in your own private paradise.
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| Aug 11, 2023 | Listed by TEAM FLORIDA REALTY SERVICES INC | $489,000 | |
| Listed by TEAM FLORIDA REALTY SERVICES INC | |||
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Waterfront 6.73 acres zoned AG ! Enjoy swimming and entertaining at your own private Oasis! This beautiful 3-bedroom 2 bath concrete/stucco home has a 2-car attached garage, screened porch and so much more to offer. 50 x 30 insulated garage with mini split ac unit in the back half that was used as a movie theater. There is also another detached garage and carport for more storage. Relax at the Tiki Bar while entertaining and overlooking the lake. Enjoy fishing and swimming off your dock in this lake which is 35' deep. Great view for a wedding venue!
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| Oct 27, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017