NOT LISTED FOR SALE

567 Federal Point Rd East Palatka, FL 32131

Estimated Value: $872,000 - $1,160,695

5 Beds
5 Baths
4,336 Sq Ft
$241/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $900,000 $208 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,936/month

28 Days on Market

Highlights

  • Private Dock Site
  • Screened Pool
  • 10.9 Acre Lot
  • Boat Lift
  • River Front
  • Wood Flooring

About This Home

As of April 2023

Have you ever wanted to live in a classic Florida home setting along the St. Johns River? This beautiful property will allow you to step back into time and experience classic charm. The property is filled with tall cypress and majestic oak trees draped in Spanish moss. You'll also enjoy the many native palm trees making you feel as if you've finally made it to paradise. This property boasts 10.9 acres and 278 feet of riverfront and each room has a breathtaking view of the St. Johns River.This home has 4,364 square feet with 5 bedrooms, 3 full bathrooms, and 2 half bathrooms and was originally built in 1938. There was an addition in 1968,adding an additional living room, 2 bedrooms, and an enlarged kitchen. Inside the home, you will notice original wood floors and cedar finishes throughout There is a separate guest house with a full bathroom, kitchenette, and a door leading you to the screened in pool, but it doesn't end there... There is also a workshop/tractor barn for additional storage. This home has been in the same family for 84 years, and still holds old Florida touches from 1938. The bulkhead spans the entire 278 ft of riverfront, it also has a smaller lift system to launch jet skis and/or small water craft. At the end of the dock, you'll find a large 30,000 lb boat lift with water and electricity. The dock also has a second slip with breakwater protection and pilings that could support an upper deck for boathouse or sun deck! One of the most valuable things about this property is the DEEP WATER ACCESS which is unique to this property (many of the neighboring properties do not have deep water access). Your family and friends are sure to enjoy the sunsets and everything else this incredible property has to offer as it is truly an old Florida experience.Even though this is the quintessential old Florida home, it has been updated with electrical, plumbing, appliances, and central heat and air. Also included in a Generac generator that powers the entire house. One last fun fact, this home has weathered multiple hurricanes and has NEVER had water breach into the interior of the home. **APPOINTMENT ONLY- Private drive- DO NOT drive down without calling listing agent, sellers may still be on property*

Last Agent to Sell the Property

Hannah Lopez

Momentum Realty Listed on: 02/16/2023

Momentum Realty

Co-Listed By

Carlos Lopez

Momentum Realty

Last Buyer's Agent

Hannah Lopez

Momentum Realty Listed on: 02/16/2023

Momentum Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,732

Year Built

  • Built in 1938

Lot Details

  • 10.9 Acre Lot
  • River Front
  • Irrigation
  • Property is zoned AE

Home Design

  • Metal Roof

Interior Spaces

  • 4,336 Sq Ft Home
  • 2-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub and Shower Combination in Primary Bathroom

Pool

  • Screened Pool
  • In Ground Pool

Outdoor Features

  • Bulkhead
  • Boat Lift
  • Private Dock Site
  • Docks
  • Shed

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 37-09-27-0000-0500-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,732

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Acreage: 1+ Acres
  • Class: Residential
  • Closing Price Per Sq Ft: 207.56
  • Dock Permit: Permit Current
  • Extras: Bulkhead, Private Dock, Pool In-Ground, Pool Screened, Well, Irrigation System/Well, Boat Lift
  • Heat: Central
  • Legal Description: PT OF COCIFACIO GRT BK128 P467 (MAP SHEET 37A)
  • Listing Price Sq Ft: 276.75
  • Location: River Front
  • Low Tide Depth: 3-6 Feet
  • Lvt Date: 02/16/2023
  • Navigable: Yes
  • Other Sq Ft: 165
  • Personal Property: Ceiling Fans, Dishwasher, Disposal, Microwave, Range, Refrigerator, Shed
  • Style: 2 Story
  • Type Of Property: Single Family Residence
  • Waste: Septic
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Primary Bathroom: Tub/Shower Combo
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 10x10
  • Bedrooms: 5
  • Entry Level: Ground Level
  • Flooring: Carpet, Laminate Wood, Wood
  • Half Bathrooms: 2
  • Kitchen: Dimensions: 10x10
  • Living Room: Dimensions: 10x10
  • Living Sq Ft: 4336
  • Master Bedroom: Dimensions: 10x10, On Level: 2
  • Price Per Sq Ft: 207.56

Exterior Features

  • Roof: Metal
  • Stories: 2
  • Waterfront Type: River
  • Waterfront: Yes

Utilities

  • Air Conditioner: Central
  • Water: Well

Lot Info

  • Acres: 10.9
  • Dock: Yes
  • Lot Size: 10.9
  • Zoning: AE
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 37-09-27-0000-0500-0000
  • Taxes: 12732.17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2025
Sold by
Rhodes Robert and Rhodes Kathi
Bought by
Rhodes Robert and Rhodes Kathi
Current Estimated Value
$1,046,174

Purchase Details

Listed on
Feb 16, 2023
Closed on
Apr 17, 2023
Sold by
Rhodes Robert and Rhodes Kathi
Bought by
Rhodes Robert and Rhodes Kathi
Seller's Agent
Hannah Lopez
Momentum Realty
Buyer's Agent
Hannah Lopez
Momentum Realty
List Price
$1,200,000
Sold Price
$900,000
Premium/Discount to List
-$300,000
-25%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$720,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2006
Sold by
Drackett Gary F
Bought by
Drackett Bruce J

Purchase Details

Closed on
Apr 4, 2005
Sold by
Wachovia Bank Na
Bought by
Drackett Bruce Jenkins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 9, 2001
Sold by
Atkinson Virginia Fant
Bought by
Atkinson Virginia Fant and The Virginia Fant Atkinson Revocable Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rhodes Robert $100 None Listed On Document
Rhodes Robert $900,000 Jacksonville Blue Ocean Title
Drackett Bruce J -- None Available
Drackett Bruce Jenkins -- --
Atkinson Virginia Fant -- --
Atkinson Virginia Fant -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Robert $720,000
Previous Owner Drackett Bruce J $82,500
Previous Owner Drackett Bruce J $311,200
Previous Owner Drackett Bruce J $330,000
Previous Owner Drackett Bruce J $300,000
Previous Owner Drackett Bruce J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $900,000 -- --
04/17/2023 04/17/23 Sold $900,000 0.0% $208 / Sq Ft
04/17/2023 04/17/23 Sold $900,000 -45.5% $208 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $1,650,000 +37.5% $381 / Sq Ft
02/16/2023 02/16/23 For Sale $1,200,000 -- $277 / Sq Ft
Source: St. Augustine and St. Johns County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,362 $953,475 $550,980 $402,495
2023 $15,664 $972,965 $587,750 $385,215
2022 $14,105 $901,715 $564,950 $336,765
2021 $12,732 $742,295 $0 $0
2020 $10,156 $616,120 $0 $0
2019 $10,086 $602,270 $550,045 $52,225
2018 $9,740 $591,040 $551,755 $39,285
2017 $9,808 $578,890 $539,605 $39,285
2016 $9,428 $566,985 $0 $0
2015 $9,463 $564,715 $0 $0
2014 $9,615 $576,695 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: St. Augustine and St. Johns County Board of REALTORS®

MLS Number: 230312

St. Augustine and St. Johns County Board of REALTORS®

APN: 37-09-27-0000-0500-0000