550 CEDAR CREEK Road #2, Palatka, FL, 32177
About This Home
Investor opportunity on the St. Johns River. Situated on 1.65 acres, this property offers direct river frontage with a dock and boat lift, along with electric and water already in place at the dock. Located approximately 20 minutes to Palatka and about 35 minutes to Green Cove Springs, this setting provides a balance of privacy and accessibility. Spend hot summer days on the water--boating, fishing, or simply enjoying the breeze--with numerous waterfront restaurants accessible by boat nearby. The property includes two structures. The front home is in disrepair as the prior owner did not complete renovations. The primary residence is a concrete block home built in 1978, offering 2 bedrooms, 2 bathrooms, and approximately 1,233 square feet. The home will require renovation and is being sold in its current condition. There are two artesian wells and two septic systems on site, providing flexibility for future use. Being sold AS IS. No repairs will be made. Cash buyers only.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1978
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Other
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Other
- Flooring: Carpet,Laminate,Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,233 sqft
Property
Details
- Parcel number: 230827362000000100
Features
- Stories: 1
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- On waterfront: Yes
- Waterfront features: River Access,River Front
Lot
- Lot size: 1.65 Acres
Parking
- Total spaces: 1
- Parking features: Other
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Coastal Flooding
- Inland Flooding
- Strong Wind
- Tornado
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Putnam County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance * | $390 | $4,680 |
| Property Taxes | $186 | $2,232 |
| Electricity | $197 | $2,366 |
| Total | $2,542 | $30,504 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Listed for sale | $400,000 |
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