1 / 53

Active Under Contract

Active Under Contract·58 days on market

786 W River Road

Palatka, FL 32177

$560,000$414/sqftEst. $2,981/moMLS# 2145926

Beds

Baths

1,352

Sq Ft

1975

Built

—

Garage

Pool

About this home

Palatka

18.22-Acre Country Homestead with Room to Grow! Looking for space, privacy, and true country living? This 18.22-acre property offers the perfect setup for anyone wanting a functional homestead, a hobby farm, or just a quiet place to call your own. The Home: A Solid Foundation to Make Your Own The property features a 3-bedroom, 1-bathroom concrete block home that is ready for your personal touch. While the interior is basic and will need updates and TLC to bring it to its full potential, it offers a solid structural foundation to work with. It includes a welcoming covered front porch perfect for morning coffee, and a convenient 2-car carport. It's a great opportunity to renovate at your own pace and design a home exactly to your taste. The Land & Setup:

Cost to own

Mortgage calculator

Home Price

$560,000

Down Payment: 20%

$112,000

Interest Rate: 6.49%

Loan Term

Monthly Payment

$2,829

Principal & Interest: $2,829

Est. Taxes & Insurance: $707

Estimated Total Monthly

$3,536

*Estimates based on 30-year loan at 6.49% APR (avg 30-yr rate 2026-07-09, Freddie Mac PMMS via FRED). Actual payments 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 · 7.0% · 30yr$2,981

Estimated total, before insurance$2,981/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, SilverLeaf, eTown…), bond assessments are collected on the property-tax bill — the tax estimate above reflects county averages, so confirm this home’s exact CDD with us.
• 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.

Cost to own

Taxes & assessment

2025 property taxes (current owner): $1,696/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.

Hurricane evacuation zone D

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

Roof: Metal — year not disclosed (home built 1975)

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).

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

Ask about this home

Informational only, based on FEMA National Flood Hazard Layer and Florida Division of Emergency Management data at this property’s coordinates. Zones change with map revisions — verify the parcel at msc.fema.gov and floridadisaster.org/knowyourzone before relying on this.

History