Sold·Closed Aug 14, 2026·71 days on market
198 Palm Drive
Georgetown, FL 32139
About this home
Georgetown
Escape to your own private riverfront retreat where relaxation and adventure come together on the beautiful St. Johns River. This tastefully updated and fully furnished 3 bedroom, 2 bath home is move in ready and ideal as a full time residence, weekend getaway or income producing VRBO/Airbnb property. Get your boat and water toys-the property features two boathouses with 3 boatslips, creating the ultimate set up for boating and fishing enthusiasts. A new 4'x20' floating dock offers easy access for kayaking, canoeing and waterfront adventures. Take in breathtaking sunsets and panoramic river views from impressive new16'x30' observation deck atop the newly build boathouse, overlooking the St. Johns River and the northeast corner of Lake George. The spacious 1,200 sq ft garage and workshop provides endless storage, hobbies and projects. Additional features include a peaceful setting on a private cul-de-sac road. This must see waterfront property is a perfect place to call home!
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.
Zone AE — high-risk flood zone (Special Flood Hazard Area)
Lenders require flood insurance for financed purchases here.
Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.
Hurricane evacuation zone B
Zone B evacuates after zone A in an approaching storm.
Roof: Metal — year not disclosed (home built 1969)
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: ~1,743 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
property taxes (current owner): $5,630/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
- Aug 20, 2026Closed$425,000
- Jul 9, 2026Price change$425,000−$20,000
- May 21, 2026Listed$445,000
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 $148/sq ft; this home is listed at $354/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 177 Palm Drive, Georgetown, FL 32139Listed by BEACH STATE REALTY | Dec 2025 | $110,000 | $105 | 2/1.5 | 1,044 | 21 | 0.1 |
| 113 Driftwood Lane, Georgetown, FL 32139Listed by IHEART REALTY INC | Sep 2025 | $555,000 | $414 | 3/2 | 1,340 | 194 | 0.2 |
| 143 Mosswood Street, Georgetown, FL 32139Listed by DEBORAH BERRY REAL ESTATE | Aug 2026 | $85,000 | $98 | 2/2 | 868 | 481 | 0.5 |
| 105 SE 3rd Street, Georgetown, FL 32139Listed by LPT REALTY LLC | Aug 2026 | $220,000 | $148 | 3/2 | 1,490 | 227 | 0.5 |
| 101 SE 3rd Street, Georgetown, FL 32139Listed by ONE SOTHEBY'S INTERNATIONAL REALTY | Jan 2026 | $265,000 | $178 | 3/2 | 1,490 | 62 | 0.5 |
| 104 Lunker Lodge Road, Georgetown, FL 32139Listed by CENTURY 21 TRITON REALTY | Oct 2026 | $125,000 | $118 | 3/2 | 1,056 | 203 | 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: HERRON REAL ESTATE 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.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on Aug 14, 2026. 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
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