Active·82 days on market
5230 County Road 209 S
Green Cove Springs, FL 32043
About this home
Green Cove Springs
CASH-ONLY Investment Opportunity in Green Cove Springs! This unique income-producing property sits on 2.61 acres and includes three mobile homes plus one single-family home, offering multiple income streams in one property. With four units, this is a great opportunity for investors looking for strong cash flow and long-term investment potential. Want to live on the property while generating rental income? Occupy one home and rent out the other three, creating an excellent house-hacking opportunity and a way to help offset your housing costs. The property has the potential to generate approximately $4,800+ in gross monthly rental income, based on estimated market rents of around $1,200 per unit. The spacious 2.61-acre lot offers privacy, room to spread out, and additional potential for the right buyer. Whether you're looking to expand your rental portfolio, generate multiple income streams, or live in one unit while renting the others, this property is an opportunity worth exploring.
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 A — 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: material not specified — year not disclosed (home built 1975)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Solar potential: ~1,648 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
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2024 | $248,943 | $221,479 | — |
| 2023 | $234,462 | $201,345 | — |
| 2022 | $189,710 | $183,041 | — |
| 2021 | $37,710 | $37,710 | — |
| 2020 | $37,710 | $37,710 | — |
2025 property taxes (current owner): $5,204/yr
Estimated taxes if purchased at asking price: ~$6,200/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. Estimate uses the median effective rate across 792 current Clay listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2024), NEFMLS.
History
Price & status history
- Sep 13, 2026Price change$339,000−$1,000
- Aug 20, 2026Price change$340,000−$5,000
- Aug 2, 2026Price change$345,000−$4,000
- Jul 6, 2026Listed$349,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: INTEGRITY KEY REALTY 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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Krista Fracke
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