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Active

Active·84 days on market

517 S Prospect Street

Crescent City, FL 32112

$1,350,000$335/sqftEst. $6,883/moMLS# 2143185

Beds

Baths

4,028

Sq Ft

1875

Built

—

Garage

Yes

Pool

About this home

Crescent City

Set above the shores of Crescent Lake, this historic residence, originally known as The Williams Home and later as the Mary-Edward Inn, offers a rare blend of legacy and livability. Built in the 1800s and once operated as a bed-and-breakfast, the property carries a presence shaped by generations drawn to the lake's quiet rhythm. Now configured with five bedrooms plus a dedicated office, the home has been thoughtfully updated with a renovated kitchen and modernized baths, balancing everyday comfort with the preservation of architectural character. Positioned high on a bluff overlooking a lake connected to the St. Johns River, the setting offers expansive sunrise vistas, freshwater views, private water access, and a distinctly unhurried Florida lifestyle. A property defined not just by its history, but by the experience it continues to offer.

Cost to own

Mortgage calculator

Home Price

$1,350,000

Down Payment: 20%

$270,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$6,883

Principal & Interest: $6,883

Insurance (est.): $900

Estimated Total Monthly

$7,783

*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$6,883

Estimated total, before insurance$6,883/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$11,352/yr · $946/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 (that applies to the reference bill above too).

Cost to own

Taxes & assessment

2025 property taxes (current owner): $11,352/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.

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.

Outside all hurricane evacuation zones

This location is not in a designated storm-surge evacuation zone.

Roof: Metal — year not disclosed (home built 1875)

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

Likely sewer

County records indicate this parcel on central sewer — no septic system to inspect or maintain.

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

Solar potential: ~1,591 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 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

Price & status history

May 2, 2026Listed$1,350,000

History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.

Features

Price$1,350,000

Price / Sq Ft$335

Bedrooms5

Bathrooms5.50

Full Baths5

Half Baths1

Square Footage4,028

Acres0.83 acres

Year Built1875

TypeResidential

Sub-TypeSingle Family Residence

StyleHistoric

Property ConditionUpdated/Remodeled

StatusActive

# of Carport Spaces2

Has PoolYes

Pool FeaturesAbove Ground

Is WaterfrontYes

Direction FacesWest

School Information

ElementaryMiddleton-Burney

MiddleCrescent City

HighCrescent City

Community Information

Address517 S Prospect Street, Crescent City, FL 32112

Area583-Crescent/Georgetown/Fruitland/Drayton Isl

SubdivisionCrescent City Add

CityCrescent City

CountyPutnam

StateFL

Zip Code32112

Lot Size36,154.8 sq ft

Parcel Number301228000001500020

ZoningResidential

Amenities

UtilitiesCable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

SewerPublic Sewer

Water SourcePublic, Well

ParkingAttached Carport, Carport, Circular Driveway, Detached, Detached Carport, Off Street

ViewLake, Water

Waterfront TypeLake Front, Navigable Water, Ocean Access, River Access, Seawall

Interior

Interior FeaturesBuilt-in Features, Ceiling Fan(s), Entrance Foyer, Guest Suite, Kitchen Island, Pantry, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)

AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Freezer, Gas Range, Microwave, Refrigerator, Washer, Wine Cooler

HeatingCentral

CoolingCentral Air

FlooringWood

FireplaceYes

# of Fireplaces1

Fireplace FeaturesWood Burning

# of Stories2

LevelsTwo

LaundryElectric Dryer Hookup, Lower Level, Washer Hookup