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Sold

Sold·Closed Jul 25, 2025·338 days on market

557 W River Road

Palatka, FL 32177

$245,000sold priceListed at $400,000 · 61.3% of askingMLS# 2041247
6.06
Acres
263,974
Lot Sq Ft
—
Dimensions
Yes
Waterfront
—
Zoning
—
Sewer
No HOA6.06 acresWaterfrontUnimproved Land

About this lot

Palatka

A RARE FIND....BEAUTIFUL WATERFRONT LAND 5.95 +/- ACRES ON THE ST JOHNS RIVER AT CHURCHWELL POINT. HIGH AND DRY. GREAT LOCATION, EASY ACCESS TO PALATKA, GREEN COVE SPRINGS, AND JACKSONVILLE. BUILD YOUR DREAM HOME WITH A STUNNING VIEW OF THE ST JOHNS RIVER.

Cost to own

Carrying cost

What holding this lot costs per month at the asking price. Land loans run on different terms than a home mortgage, so the payment is left out; ask for current lot-loan terms.

Estimated total, taxes and HOA$0/mo
  • • In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
  • • Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be.

Around this address

Nearby, from public data

The closest public beach, park, water access, league fields and grocery store from this home's location.

Not from the MLS. Places from FWC, FDEP, the water districts, the counties and the cities; stores from state food permits and each chain’s store list. Distances are straight-line from this home unless a drive time is shown. Fees, hours and access change, so check the agency’s page before you go.

Cost to own

Taxes & assessment

2023 property taxes (current owner): $5,264/yr

Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Sources: Florida DOR certified tax roll, NEFMLS.

Closed sales

What sold nearby

Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $122,486 an acre; this lot is listed at $66,007 an acre.

AddressClosedPrice$/acreAcresDOMMiles
281 Federal Point Road Road, East Palatka, FL 32131Listed by GREAT EXPECTATIONS REALTYMar 2026$670,000$122,4865.4702

Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this lot is worth; Krista runs the adjustments per lot.

Features

Price$400,000
Acres6.06 acres
TypeLand
Sub-TypeUnimproved Land
StatusClosed
Pool FeaturesNone
Is WaterfrontYes

Community Information

Address557 W River Road, Palatka, FL 32177
Area563-East Bostwick/Bridgeport/Cedar Creek
SubdivisionChurchwell Point
CityPalatka
CountyPutnam
StateFL
Zip Code32177
Lot Size263,973.6 sq ft
Parcel Number510927140200000010
ZoningResidential

Amenities

UtilitiesCable Available, Electricity Available
Water SourceNone
ViewRiver

Exterior

Lot DescriptionMany Trees, Wooded
Road FrontageCounty Road

Additional Information

Date ListedAugust 7, 2024
Days on Market338
Tax Amount$5,263.88
Tax Year2023
Listing TermsCash

Listing Courtesy of: CENTURY 21 TRITON REALTY

Sold by: CENTURY 21 TRITON REALTY (buyer's brokerage)

Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.

Your Local Realtor

Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

This home sold on Jul 25, 2025. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.

Text Krista about this saleHomes for sale nearby →

20+ years · 500+ closings · NE Florida

Is this home priced right?

Ask Krista and she'll email you her read on how this price compares with recent sales nearby.

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