123 MAGNOLIA DRIVE
About This Property
Situated on an oversized lot with NO HOA, there's plenty of room for your boat, RV, outdoor equipment, and hobbies. Full RV HOOKUPS available too! The community also features its very own BOAT RAMP with access to the St. Johns River, making it easy to enjoy boating, fishing, jet skis, and the outdoors.
Located within driving distance of Palatka, Crescent City, St. Augustine, and Flagler County, this property offers the opportunity to enjoy a newer home, more space, fewer restrictions, and a quieter rural lifestyle. A great option for a primary residence, weekend getaway, or investment property.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$239,900
↓ $18K
(6.8%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$257,500
↓ $8K
(2.8%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by LPT REALTY LLC (PALM COAST) | $265,000 | |
| Listed by LPT REALTY LLC (PALM COAST) | |||
| Sep 11, 2023 | Listed by IHEART REALTY INC | $259,900 | |
| Listed by IHEART REALTY INC | |||
| | |||
|
Tenant in hand; leased until 09/01 at $1100/month!! This 2022 model 3bed/2bath Modern Open Concept Home sits on a Double Lot just SECONDS from a local Boat Ramp to the St Johns River!! This new Home boasts a beautiful Front Porch which spans the entire front of the home, and the oversized Double Lot affords you plenty of room for Outdoor Entertaining and to store all of your Watersports Equipment...or use your 2nd lot for a Second Home! Being so New, this Home is still under Warranty with the manufacturer. Relax in Peace as you are located just Minutes from Amenities, yet Miles Away from the Hustle & Bustle.
| |||
| Apr 19, 2023 | Listed by IHEART REALTY INC | $259,900 | |
| Listed by IHEART REALTY INC | |||
| | |||
|
Tenant in hand; leased until 09/01 at $1100/month!! This 2022 model 3bed/2bath Modern Open Concept Home sits on a Double Lot just SECONDS from a local Boat Ramp to the St Johns River!! This new Home boasts a beautiful Front Porch which spans the entire front of the home, and the oversized Double Lot affords you plenty of room for Outdoor Entertaining and to store all of your Watersports Equipment...or use your 2nd lot for a Second Home! Being so New, this Home is still under Warranty with the manufacturer. Relax in Peace as you are located just Minutes from Amenities, yet Miles Away from the Hustle & Bustle.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017