4083 SILVER LAKE Drive
About This Property
Inside, you'll find seven bedrooms (two non-conforming) and three and a half baths, including a beautifully remodeled primary suite and another updated bath. Four fireplaces add warmth and historic charm, while thoughtful updates - a new roof, air conditioning, and added insulation completed in 2017 - ensure comfort without sacrificing character. Over $250,000 in upgrades and refurbishments have been invested in this property - see the full upgrade list for details. A large steel building offers ample space for storage, equipment, or a workshop. You'll be just minutes from Ravine Gardens State Park, with schools, shopping, and even the nostalgic charm of the nearby train station close at hand.
This home offers the perfect blend of history, space, and modern upgrades ideal for anyone seeking a peaceful retreat, a family home with room to roam, or a property with agricultural freedom. All of this is set in Palatka, a historic riverfront community that's quietly transforming into one of Northeast Florida's most up-and-coming small towns.
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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%.
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 |
|---|---|---|---|
| Dec 1, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Listed by ENDLESS SUMMER REALTY | $539,499 | |
| Listed by ENDLESS SUMMER REALTY | |||
| May 20, 2025 | Relisted | $449,800 | |
| Relisted | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017