Sold·Closed Jul 1, 2026·148 days on market
7480 Paradise Lake Drive
Keystone Heights, FL 32656
About this home
Keystone Heights
Enjoy lakefront living at its finest with this beautifully updated property on Paradise Lake, just minutes from downtown Keystone Heights. The 3-bedroom, 1-bath main home offers 1,080 sq ft of comfortable space, featuring an open-concept kitchen and living room, new carpet, a screened porch, large lakeside deck, and laundry/utility room. Recent upgrades include new interior paint (2025), a remodeled interior (2020), new appliances (2019), a new septic system (2019), and a new well pump (2018). Outside, enjoy 110 feet of serene water frontage on over half an acre with a floating dock perfect for swimming or fishing. A detached 2-car garage includes a fully equipped 1-bedroom, 1-bath apartment above (672 sq ft), ideal for guests, rental income, or a mother-in-law suite. Conveniently located with easy commutes to Starke, Orange Park, and Palatka, this versatile property is perfect as a full-time residence, vacation retreat, or investment opportunity.
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
- • 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 (that applies to the reference bill above too).
Mortgage calculator — adjust rate & down payment
Cost to own
Mortgage calculator
Cost to own
Taxes & assessment
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $293,656 | $132,146 | — |
| 2024 | $288,206 | $127,715 | — |
| 2023 | $238,934 | $122,539 | — |
| 2022 | $206,168 | $117,514 | — |
| 2021 | $162,635 | $112,635 | — |
| 2020 | $116,127 | $116,127 | — |
2024 property taxes (current owner): $2,431/yr
Estimated taxes if purchased at asking price: ~$5,900/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. Estimate uses the median effective rate across 792 current Clay listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), 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 $208/sq ft; this home is listed at $189/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 475 SW Nightingale Street, Keystone Heights, FL 32656Listed by TREVOR WATERS REALTY, INC. | Oct 2026 | $185,000 | $136 | 3/1.5 | 1,360 | 46 | 0.4 |
| 4660 SE 3rd Place, Keystone Heights, FL 32656Listed by CB ISAAC REALTY | Sep 2026 | $357,000 | $177 | 2/2 | 2,015 | 21 | 0.5 |
| 426 SE 49th Street, Keystone Heights, FL 32656Listed by UNITED COUNTRY SMITH & ASSOCIATES | Jun 2025 | $320,000 | $220 | 3/2 | 1,455 | 24 | 0.5 |
| 484 SE 44th Street, Keystone Heights, FL 32656Listed by CENTURY 21 LAKESIDE REALTY | Aug 2026 | $280,000 | $208 | 3/2 | 1,344 | 143 | 0.6 |
| 635 SW Cardinal Drive, Keystone Heights, FL 32656Listed by CW REALTY | Jul 2026 | $272,500 | $195 | 3/2 | 1,398 | 6 | 0.6 |
| 6836 Womans Club Drive, Keystone Heights, FL 32656Listed by HELEN HERSEY REALTY | Nov 2025 | $375,000 | $208 | 3/2 | 1,804 | 347 | 0.6 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.
Features
Community Information
Amenities
Interior
Additional Information
Listing Courtesy of: CENTURY 21 LAKESIDE REALTY
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.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on Jul 1, 2026. 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
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MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.
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