696 W RIVER Road
About This Property
Build your future on this 0.58-acre residential lot in the Rio De St. John community of Palatka, Florida. This oversized parcel offers approximately 158 feet of road frontage and 25,265 square feet of land with easy access from a paved public road.
Electric power poles are located along the street, making utility access convenient. No HOA means you have more freedom to develop your property. A septic system will be needed, and the property is located in FEMA Flood Zone A. There are no wetlands on the property.
Enjoy a peaceful setting while still being just minutes from downtown Palatka, the St. Johns River, shopping, restaurants, schools, parks, and public boat ramps. Whether you're planning to build a home, a weekend retreat, or invest in Florida land, this property offers outstanding value. Property Highlights:
0.58 acres (25,265 sq. ft.)
Approximately 158 feet of paved road frontage
Residential zoning
Paved public road access
Electric available at the street
No HOA
Septic system needed
No wetlands
FEMA Flood Zone A
Minutes from the St. Johns River, parks, shopping, restaurants, and schools
Convenient drive to St. Augustine, Gainesville, and Jacksonville
Buyer should verify all information important to their intended use, including zoning, utilities, flood insurance requirements, setbacks, and building regulations.
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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 28, 2026 | Listed by SAVVY AVENUE, LLC. | $14,000 | |
| Listed by SAVVY AVENUE, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017