350 HIGHWAY 17, East Palatka, FL, 32131 | $299,500

RARE opportunity offering exceptional flexibility for both residential living and potential business use in a prime location just minutes from the St. Johns River, known for excellent boating and fishing, and close to the charm of historic downtown Palatka and relaxed small-town living.

Situated on 0. 42 acres, this property is ideal for those seeking a home-based business setup, investment potential, or future commercial use (buyer to verify), while still enjoying the comfort of a private residence. With NO HOA and ample space for boats, RVs, work vehicles, or equipment, the possibilities here are wide open.

This concrete block home features 3 bedrooms and 2 bathrooms with warm, inviting character including beautiful wood details and finishes throughout. The flexible layout supports multi-generational living or the opportunity to live in one portion while utilizing another for income-producing use such as short-term rental.

A standout feature is the oversized garage/workshop. A standout feature is the oversized garage/workshop with FOUR garage doors, offering full drive-through capability--perfect for a business operation, hobbyist, storage, or workspace requiring easy access and functionality. Enjoy a very private, fully fenced backyard backing to wooded land, creating a peaceful and secluded setting that feels like country living while still being close to town. Extensive recent upgrades include major system improvements such as updated plumbing, electrical, and connection to county sewer, along with all new custom windows and beautifully updated kitchen and bathrooms, making this a move-in ready opportunity with long-term value. Additional highlights include a wood-burning fireplace with gas hookup, gas stove, and tankless on-demand gas water heater, offering both comfort and efficiency. Conveniently located near Ravine Gardens State Park for scenic hiking, the popular Azalea Festival, and major events such as the American Bass Anglers Team National Championship, this location offers both everyday enjoyment and year-round activity. Whether you're looking to live, work, invest, or create a flexible lifestyle, this property offers a unique combination of location, function, charm, and opportunity that's hard to find.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Ranch
  • Year Built: 1957
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,230
  • Acreage: 0.42
  • Est. Taxes: $1,901
  • Lot Desc: Cleared, Many Trees
  • View: Trees/Woods
  • Elem. School: Browning Pearce
  • High School: Palatka
  • Appliances: Disposal, Dryer, Electric Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Softener Owned
  • MLS#: 2139434
  • Days on Market: 29 days
  • Website: https://www.raveis.com
    /prop/2139434/350highway17_eastpalatka_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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350 HIGHWAY 17, East Palatka, FL, 32131

$299,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $239,600 $239,600 $239,600
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.324% 6.398% 5.614%
Monthly Tax Payment $158 $158 $158
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,417 $1,475 $1,942
Total Monthly Payment $1,650 $1,708 $2,175

* 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.