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USAFLPalatka100 Pilothouse Ct
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100 Pilothouse Ct, Palatka, FL

House

For Sale

Listed price in listed location currency (USD).
$2,499,000

000

MLS® 2139917

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 11839 sqft
Garage 
Taxes $27,366
Days Active 0
Lot Size 
Approx. Age 2011
Avg. Price Per Sqft $211
MLS® Number 2139917

Property Address: 100 Pilothouse Ct, PALATKA, FL, 32177-8615

Average square foot calculated using Size range provided by listing agent.

Description

Turn-Key 7-Building STR Portfolio + 5, 500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5, 500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment. The residential portfolio consists of: 3 single-family homes 1 triplex 2 duplexes (Totaling 11 rentable units and 3, 650 rentable nights annually) In addition, the property includes two stabilized long-term leases generating $5, 000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand. Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55-65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings. A major differentiator is the 5, 500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including: Owner/operator headquarters Equipment or fleet storage Income-producing commercial lease Medical, wellness, or therapy facility conversion Assisted living / elder care concept (subject to zoning/approvals) This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential. Market Tailwinds - Putnam County Growth: Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.
MLS® Number2139917
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2011
Basement
DrivewayAssigned, Circular Driveway, Varies by Unit
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 14, 2026List Date
$2,499,000List Price
  • Commute

Commute

Starting Address
Destination Address
100 Pilothouse Ct, Palatka, FL

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