283 ESTATES Drive
About This Property
Out back, enjoy Florida living year-round on the large covered lanai overlooking a beautifully maintained setting. A paver driveway and 2-car garage round out the package. Located just minutes to the scenic banks of the St. Johns River, downtown Palatka offers the perfect blend of historic charm, waterfront beauty, and small-town warmth. This walkable district is known for its classic architecture, vibrant murals, and locally owned boutiques and restaurants that give the area a welcoming, hometown feel.
Residents enjoy riverfront parks, fishing piers, boating access, and stunning sunset views just steps from their front door. Throughout the year, community favorites like the Florida Azalea Festival and the Blue Crab Festival bring energy and connection to the neighborhood.
With nearby outdoor destinations like Ravine Gardens State Park just minutes away, a historic 18 hole public golf course originally designed by Donald Ross in 1925, downtown Palatka delivers a relaxed, nature-rich lifestyle while still offering dining, culture, and entertainment close to home. The community is waterfront living with character, community, and convenience.
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 |
|---|---|---|---|
| Jun 29, 2026 | Price Decreased |
$669,000
↓ $31K
(4.4%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by EXIT MAGNOLIA POINT REALTY | $700,000 | |
| Listed by EXIT MAGNOLIA POINT REALTY | |||
| Sep 23, 2009 | Sold | ||
| Sold | |||
| Sep 29, 2008 | Listed by EXIT MAGNOLIA POINT REALTY | $399,900 | |
| Listed by EXIT MAGNOLIA POINT REALTY | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017