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Welcome to this extraordinary riverfront estate on 7. 02 Acres with a private dock located in the highly sought-after Federal Point neighborhood of East Palatka. With 308 feet of serene direct riverfront and no HOA restrictions, this meticulously renovated property offers the perfect blend of privacy, space, and direct waterfront access. The estate features a 4-bedroom, 2. 5-bath main residence plus a fully equipped studio/in-law suite, creating a rare and versatile living opportunity. Originally built in 1991 and extensively renovated in 2022, the 3, 004 sq ft main home boasts many upgrades and improvements. Enjoy panoramic water views from the expansive screened lanai that spans the rear of the home, or relax on the welcoming front porch. Inside, a warm and inviting atmosphere awaits, highlighted by a spacious open-concept living area centered around a charming wood-burning stove fireplace. As you enter the front of the home, you’ll find three bedrooms and a full bath conveniently located toward the front wing. Down the hallway, the home opens into a large living area, dining space, and modern kitchen, all thoughtfully designed to take full advantage of the breathtaking river views. The kitchen features custom wood cabinetry and Quartz countertops, offering both elegance and functionality. The primary suite, located at the back corner of the home along the river, includes a private office nook, walk-in closet, and an oversized bathroom complete with a soaking tub—perfect for relaxation. An impressive 1, 000 sq ft attached garage includes two workshop bays and the additional studio or in-law suite complete with a full bathroom and wet bar, ideal for guests, extended family, or creative workspace needs. The property spans multiple parcels—#48-09-27-1000-0000-0013, #48-09-27-1000-0000-0023, and #48-09-27-1000-0000-0024—offering unique flexibility for agricultural use or future development. Zoned AE (Agricultural Estate) and currently benefiting from an AG exemption, the land supports cows and chickens, which may be included in the sale if desired. The three separate parcels also create potential for additional homes, making this an excellent candidate for a family compound. Additional features include a shared deep well, new septic tank and drain field installed in 2020, and secure access via a private driveway easement from Federal Point Road, with a secondary easement through a neighboring parcel for added convenience. Outdoor amenities include a detached storage building, a shed / chicken coop, and a 208-ft long private dock leading to a 800 sq ft boathouse, offering direct access to the river for boating, fishing, or simply enjoying the natural beauty of the surroundings. This is a truly exceptional opportunity to own a riverfront retreat with unmatched privacy, flexibility, and charm. For additional acreage and structures, please see the neighboring listing at 135 Federal Point Rd.
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Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,173,880 | $1,173,880 | $1,173,880 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $549 | $549 | $549 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,758 | $7,038 | $9,748 |
| Total Monthly Payment | $7,432 | $7,712 | $10,422 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.