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Active

Active·90 days on market

102 Waterway Drive

Palatka, FL 32187

$150,000$179/sqftEst. $765/moMLS# 2141802

Beds

Baths

840

Sq Ft

1983

Built

—

Garage

Pool

About this home

Palatka

Discover the ultimate waterfront retreat in Satsuma! This updated 2-bedroom, 2-bath canal-front home is offered fully furnished and move-in ready, perfect for a full-time residence or a weekend getaway. Enjoy the freedom of no HOA fees or restrictions on this gorgeous canal front lot featuring a mature orange tree and a private dock that is only a few years old. Inside, the refreshed living space is complemented by a massive addition--a true blank slate ready to be converted into extra bedrooms, a home office, or storage for your water toys. Updates include a custom tiled shower and a metal roof that is approximately one year old, providing long-term peace of mind. Located just minutes from Highway 17 and State Road 100, you have quick access to the dining and shopping of Palatka and East Palatka while maintaining a quiet, laid-back lifestyle. , This property offers functionality and charm in a prime location with easy access to Dunns Creek and the St Johns River

Cost to own

Mortgage calculator

Home Price

$150,000

Down Payment: 20%

$30,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$765

Principal & Interest: $765

Insurance (est.): $100

Estimated Total Monthly

$865

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, Freddie Mac PMMS via FRED). Taxes vary by county; insurance is a rough estimate — Florida premiums swing with roof age and flood zone (see the Reality Check). Actual costs may vary.

Cost to own

True monthly cost

What this home actually costs per month at the asking price — not just the mortgage.

Principal & interest20% down · 6.58% · 30yr$765

Estimated total, before insurance$765/mo

• 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.

Storms & insurance

Florida Reality Check

The storm-and-insurance facts every Florida buyer should know up front.

Zone X — minimal flood hazard

Flood insurance is typically not required by lenders (always optional).

Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.

Hurricane evacuation zone C

Zone C evacuates after zones A, B in an approaching storm.

Roof: Metal — year not disclosed (home built 1983)

Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.

Likely septic · Private well (public record)

County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,394 usable sun-hours per year

Moderate solar exposure — shade or roof orientation limits panel output here.

Krista can connect you with local insurance quotes before you make an offer.

Ask about this home

As of July 2026, this 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.

History