7905 COLEE COVE Road
About This Property
Rare St. Johns River Investment Opportunity! Discover the incredible potential of this direct riverfront property offering nearly 100 feet of frontage on the St. Johns River and just over 3/4 of an acre beneath a breathtaking canopy of majestic oak trees draped in Spanish moss. Opportunities like this rarely become available in such a prime waterfront location.
The property features a concrete block main home with 4 bedrooms and 3 bathrooms, plus a detached guest suite complete with its own kitchen, bedroom, living area, and private entrance--ideal for multigenerational living, guests, rental income, or a home office.
Outdoor enthusiasts and investors alike will appreciate the private dock, boat lift, newer bulkhead, and nearly 100 feet of deep-water river frontage, making this a true boater's and fisherman's paradise. Enjoy spectacular sunsets and panoramic, unobstructed water views from nearly every corner of the property. Adding even more value is the 18' x 32' detached garage/workshop, providing ample space for boat storage, hobbies, equipment, or future projects.
A rare and highly desirable bonus, the existing boathouse/guest suite is grandfathered in under previous regulations, offering an opportunity that would be difficult--if not impossible--to recreate under today's restrictions. This unique feature adds exceptional long-term value and enhances the property's waterfront lifestyle and investment appeal.
Whether you're looking to renovate the existing homes, create a private riverfront estate, develop an income-producing property, or build your dream waterfront home, the possibilities are endless. Riverfront properties with this combination of acreage, improvements, guest accommodations, and waterfront amenities are exceptionally rare.
Conveniently located with endless potential, this property is being sold AS-IS. Don't miss your chance to own one of the most unique investment opportunities on the St. Johns River.
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 12, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Listed by UNITED REAL ESTATE GALLERY | $675,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
| Apr 24, 2012 | Sold | ||
| Sold | |||
| Feb 4, 2012 | Listed by RE/MAX COAST 2 COAST | $389,000 | |
| Listed by RE/MAX COAST 2 COAST | |||
| | |||
|
This property is a boaters and fisherman’s dream! Almost 100 foot of direct riverfront with two homes, a dock, and boatlift! The main house is concrete block and offers lots of square footage and the guest cottage is absolutely a gem. The lot is almost an acre and is shaded by some gorgeous oaks draped in Spanish moss. The workshop/garage is 18x32 and perfect for the hobbyist. Every inch of this property offers an unobstructed view of the water and the sunsets are to die for.
| |||
| Sep 28, 2011 | Listed by COAST 2 COAST PROPERTIES, INC. | $389,000 | |
| Listed by COAST 2 COAST PROPERTIES, INC. | |||
| | |||
|
This property is a boaters and fisherman’s dream! Almost 100 foot of direct riverfront with two homes, a dock, and boatlift! The main house is concrete block and offers lots of square footage and the guest cottage is absolutely a gem. The lot is almost an acre and is shaded by some gorgeous oaks draped in Spanish moss. The workshop/garage is 18x32 and perfect for the hobbyist. Every inch of this property offers an unobstructed view of the water and the sunsets are to die for.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017