Active·149 days on market
418 Cove Drive
Satsuma, FL 32189
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Krista Fracke, Broker Associate. You'll hear back from me directly, not from a call center.
About this home
Satsuma
Newly reduced to $275,000, 418 Cove Dr offers canal-front living with direct access to the St. Johns River, a private dock with two boat slips, and no HOA. Here, time on the water can be part of your everyday routine. Head out for a morning of fishing, cruise the river, or take the boat to dinner before returning to your own dock. The screened back porch offers a comfortable spot to enjoy a quiet evening at home. Inside, the renovated home has a clean, updated feel. Outside, a Jacuzzi hot tub provides another place to unwind, while an RV hookup area adds flexibility for visiting guests. The community center hosts weekly bingo, karaoke, and special events throughout the year. Tucked away yet conveniently located approximately 30 minutes from St. Augustine, one hour from Jacksonville, and 45 minutes from Daytona, this home brings together waterfront access and everyday comfort at a newly adjusted price.
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
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 1988)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Sewer records conflict — verify
The MLS lists “Public Sewer”, while Florida DOH records suggest an onsite septic system. Don’t rely on either — confirm the actual system, and if septic is possible, budget an inspection, before you offer.
Sources: MLS listing + Florida DOH Water Management Inventory (public record).
Solar potential: ~1,733 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 homeAs 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.
Cost to own
Taxes & assessment
2025 property taxes (current owner): $4,068/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
- Oct 5, 2026Price change$275,000−$10,000
- Sep 14, 2026Price change$285,000−$5,000
- Aug 24, 2026Price change$290,000−$5,000
- Jul 13, 2026Price change$295,000−$4,900
- May 14, 2026Listed$299,900
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 $180/sq ft; this home is listed at $171/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 118 Hermits Drive, Satsuma, FL 32189Listed by COLDWELL BANKER BEN BATES INC | Jun 2026 | $107,000 | $70 | 3/2 | 1,528 | 0 | 0.1 |
| 101 Orange Street, Satsuma, FL 32189Listed by IHEART REALTY INC | Jun 2026 | $660,000 | $344 | 3/2.5 | 1,920 | 53 | 0.1 |
| 149 Lake Margo Drive, Satsuma, FL 32189Listed by REAL BROKER LLC | Jul 2026 | $250,000 | $180 | 3/2 | 1,389 | 111 | 0.3 |
| 343 E Buffalo Bluff Road, Satsuma, FL 32189Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | Apr 2025 | $749,000 | $379 | 3/2 | 1,977 | 2 | 0.6 |
| 153 Lettie Lane, Palatka, FL 32177Listed by COLDWELL BANKER BEN BATES INC | Jun 2025 | $255,000 | $125 | 3/2 | 2,046 | 258 | 1.5 |
| 107 Krantz Road, Palatka, FL 32177Listed by IHEART REALTY INC | May 2025 | $60,000 | $34 | 3/2 | 1,755 | 4 | 1.7 |
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
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: REAL BROKER LLC
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
Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.
Text Krista about this home20+ 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
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