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Sold·Closed Aug 11, 2025·24 days on market
118 Magnolia Drive
East Palatka, FL 32131
About this home
East Palatka
This waterfront home, nestled on a spacious canal leading directly to the St. Johns River, offers a unique blend of relaxation and entertainment. Located in the well-established Palm Port subdivision, this 3-bedroom, 2-bathroom concrete block home boasts an open kitchen/dining area, spacious living room, sliding glass doors leading to a screened back porch overlooking the canal. The spacious master bedroom with a en-suite featuring walk-in shower, There is storage building in the backyard. The attached carport offers versatility with the screened enclosure and a powered screened door. The home's location provides easy access to various activities for relaxation and fun. You can unwind on the screened-in back porch or embark on a day of boating on the river. Conveniently located right off the dock, there's a boathouse and boatlift, making it simple to get to the water. Enjoy a hassle-free commute to St. Augustine via State Road 207, or just a short drive to downtown Palatka
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.
Mortgage calculator — adjust rate & down payment
Cost to own
Mortgage calculator
Storms & insurance
Florida Reality Check
The storm-and-insurance facts every Florida buyer should know up front.
Flood zone not yet determined
Check the exact parcel at msc.fema.gov or ask Krista to pull it.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Evacuation zone not yet determined
Check floridadisaster.org/knowyourzone.
Roof: Metal — year not disclosed (home built 1979)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Solar potential: ~1,750 usable sun-hours per year
A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.
Krista can connect you with local insurance quotes before you make an offer.
Ask about this homeThis Reality Check is informational only — it draws on FEMA/FDEM hazard layers, Florida DOH water records, and the listing’s own fields at this property’s coordinates. None of it is a determination, survey, or inspection, and public records can lag or conflict with on-site conditions. Independently verify anything you’ll rely on: the flood zone at msc.fema.gov and floridadisaster.org/knowyourzone (and confirm flood-insurance cost with your lender and a licensed insurance agent), and the sewer/septic, roof, and utilities with a professional inspection.
Cost to own
Taxes & assessment
2024 property taxes (current owner): $262/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.
History
Price & status history
- Jun 28, 2025Listed$359,900
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
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 $247/sq ft; this home is listed at $259/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 114 Magnolia Drive, East Palatka, FL 32131Listed by COLDWELL BANKER BEN BATES INC | Aug 2026 | $415,000 | $298 | 3/2 | 1,393 | 87 | 0 |
| 118 Magnolia Drive, East Palatka, FL 32131Listed by FLORIDA REALTY INVESTMENTS | Jul 2026 | $344,000 | $247 | 3/2 | 1,390 | 3 | 0 |
| 133 Magnolia Avenue E, East Palatka, FL 32131Listed by FADER & CO REALTY LLC | Aug 2026 | $230,000 | $192 | 3/2 | 1,200 | 64 | 0.5 |
| 102 St Johns Boulevard, East Palatka, FL 32131Listed by CENTURY 21 ST AUGUSTINE PROPERTIES | Feb 2026 | $441,000 | $263 | 3/2 | 1,680 | 201 | 0.6 |
| 226 Port Comfort Drive, East Palatka, FL 32177Listed by IHEART REALTY INC | Aug 2026 | $355,000 | $214 | 3/2 | 1,662 | 90 | 0.9 |
| 124 E Grandview Drive, East Palatka, FL 32131Listed by MOMENTUM REALTY | Jul 2026 | $234,900 | $166 | 3/2 | 1,416 | 295 | 1.8 |
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
Exterior
Additional Information
Listing Courtesy of: COLDWELL BANKER BEN BATES INC
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
This home sold on Aug 11, 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
Curious what nearby homes sold for?
MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.
Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines