PRIME ACREAGE OPPORTUNITY | 1,568 SQ FT HOME | NO HOA | FLORAHOME, FL

About this property

An exceptional value-add opportunity featuring over 9 acres of land with significant upside. Whether you're looking for a fix-and-flip, a long-term hold, or a private rural retreat, this property offers substantial built-in equity at under 60% of ARV. ━━━━━━━━━━━━━━━━━━━━━━ PROPERTY DETAILS Address: 128 Phillips Rd, Florahome, FL 32140 Property Type: Single-Family Residence Size: 1,568 Sq Ft Year Built: 1993 Lot Size: 9.39 Acres HOA: None Pool: No Furnished: No Tenant Occupied: Vacant Estimated Repairs: None Reported ━━━━━━━━━━━━━━━━━━━━━━ PURCHASE DETAILS Asking Price: $174,999 Estimated ARV: $275,000 ━━━━━━━━━━━━━━━━━━━━━━ RENTAL PROJECTIONS Estimated Long-Term Rental: $1,558/month ━━━━━━━━━━━━━━━━━━━━━━ COMPARABLE SALES 138 Nichols Rd, Florahome, FL 32140 • 3 Bed / 2 Bath • 7.46 Acres • Sold for $262,500 • Closed February 13, 2026 1038 Coral Farms Rd, Florahome, FL 32140 • 3 Bed / 2 Bath • 2.53 Acres • Sold for $269,900 • Closed May 29, 2026 ━━━━━━━━━━━━━━━━━━━━━━ WHY THIS DEAL STANDS OUT Massive 9.39-acre parcel offering privacy and future land value. Acquired at only 58.78% of estimated ARV, providing substantial upside. Comparable properties with significantly smaller lots have recently sold between $262,500 and $269,900. Ideal opportunity for a fix-and-flip, long-term hold, or rural lifestyle investment. No HOA restrictions, allowing greater flexibility for ownership and future use. Large acreage provides room for additional improvements, recreational use, equipment storage, or hobby farming (subject to local regulations). ━━━━━━━━━━━━━━━━━━━━━━ LOCATION HIGHLIGHTS Located in the peaceful Florahome area of Putnam County. Convenient access to Palatka, Keystone Heights, Gainesville, and the Jacksonville metropolitan area. Surrounded by lakes, parks, forests, and outdoor recreation, making the area attractive for buyers seeking space, privacy, and country living. Growing demand for larger-acreage properties as buyers continue moving away from densely populated urban areas. ━━━━━━━━━━━━━━━━━━━━━━ EXIT STRATEGIES Fix & Flip Buy & Hold Long-Term Rental Rural Retreat / Homestead Land Appreciation Play_________________________________ CONTACT Interested in this opportunity?

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