Putnam County, Florahome, FL 32140

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: $164,900 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? For the complete property package, additional details, walkthrough instructions, or to submit an offer, please contact: Mike Graham NexKey Collective [contact details hidden]