455 W RIVER Road
About This Property
This beautiful slice of Old Florida offers approximately 2.05 acres on the St. Johns River, just a short drive about 10-15 minutes from downtown Palatka and roughly 35-45 minutes to Green Cove Springs. Whether you envision weekends on the water, gathering with family, or simply enjoying the quiet that comes with riverfront living, this property provides the setting to make it your own.
The lot is mostly cleared, with classic Old Florida cypress trees lining the river and creating a natural, scenic backdrop.
A covered dock with an electric boat lift is already in place, making time on the water easy and accessible. The artesian well, sturdy pole barn, and existing electric add functionality and flexibility for future plans. With no HOA, you have the freedom to use your land in a way that fits your lifestyle.
Hop in the boat and head out for lunch at Six Mile Crab Shack in St. Augustine. to Renegades on the River in Welaka. You'll also find yourself in the heart of some of the best bass fishing waters in the country.
Zoned Residential, Single-Family Estate, this is an opportunity to create a homestead that reflects how you want to live--uncomplicated, connected to nature, and rooted in the character of the St. Johns River.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Price Decreased |
$450,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by GREAT EXPECTATIONS REALTY | $500,000 | |
| Listed by GREAT EXPECTATIONS REALTY | |||
| Oct 26, 2018 | Sold | ||
| Sold | |||
| Aug 29, 2018 | Listed by GREAT EXPECTATIONS REALTY | $199,990 | |
| Listed by GREAT EXPECTATIONS REALTY | |||
| Feb 15, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017