112 Lucas St, Satsuma, FL 32189 - Putnam County

You dont need 10 acres to build equity. You need the right quarter-acre.

This 0.25-acre wooded lot on Lucas St in Satsuma, FL isnt flashy. It isnt hyped. It isnt priced like its already discovered.

And thats precisely the opportunity.

Tucked inside St. Johns Riverside Estates Hoot Owl Ridge (4th Addition), this parcel sits just minutes from the St. Johns River corridorone of North Floridas most quietly consistent lifestyle magnets. Fishing. Boating. Wildlife preserves. Open sky. And steady residential demand from retirees, builders, and long-term Florida planners.

For the patient investor, this is what we call a low-carry, high-option hold.

Why This Works for a Speculator

Lets strip emotion out for a moment and talk fundamentals:

0.25 acres (full quarter-acre footprint)

Zoned R-2 (Residential, Two-Family) increased flexibility

Flat, wooded terrain

Legal & physical access via Lucas St (county-maintained dirt road)

Power nearby

No HOA found

Annual taxes: just $81.91

Yes, you read that correctly.

At roughly $82 per year, this lot costs less to hold than many streaming subscriptions.

Low carrying cost = time on your side.

The Exit Strategy Matrix

Smart land investors dont buy dirt.

They buy optionality.

This parcel offers multiple viable plays:

1. Long-Term Appreciation Hold

Putnam County continues to attract buyers priced out of larger coastal metros. As Palm Coast (47 minutes away) and surrounding areas expand, affordable quarter-acre lots become more attractive.

2. Future Builder Flip

R-2 zoning opens potential for single-family or two-family residential development (buyer to verify). More flexibility means a broader resale pool.

3. Lifestyle Retail Resale

Minutes from:

Murphy Creek Conservation Area (6 min)

Dunns Creek Wildlife Management Area (9 min)

Morgan Park (10 min)

St. Johns River access nearby (7 mins)

Water + woods + low density = long-term buyer appeal.

Addressing the Real Investor Questions

Is there access?

Yes. Legal and physical access via Lucas St.

Is the road maintained?

County-maintained dirt road.

Utilities?

Power is nearby at developed properties.

HOA?

County shows no HOA and none was found online.

What about restrictions?

Zoned R-2 (Residential Two-Family).

Important: Camping or RV use is not permitted except during active construction with a valid building permit.

This protects long-term residential integrity which protects value.

The Lifestyle That Drives Demand

Investors sometimes forget this: appreciation follows desirability.

Satsuma is quiet. Wooded. River-connected. Authentic Old Florida.

Picture a future buyer:

They launch their boat at sunrise.

They grill under tall pines in the evening.

They enjoy lower density living while still being minutes from gas, groceries, and Hwy 17 access.

Thats who eventually buys land like this.

Youre simply arriving before they do.

The Risk Profile

Every investment carries risk. Heres why this one is controlled:

Extremely low annual taxes

Clean residential zoning

No HOA entanglements found

Physical access confirmed

Power nearby

Established subdivision with recorded plat

This isnt speculative desert acreage with no road.

This is structured, platted Florida land with defined use.

The Long Game

Will this triple overnight? Probably not.

Could this become increasingly attractive as affordable Florida land tightens over the next decade?

History suggests yes.

And at $81.91 per year to hold patience is affordable.

If youd like to review plat details, zoning specifics, or discuss strategy, reach out anytime.

Call or Text: 440-557-2910

No pressure. Just information.

Required Notice:

Camping or RV use is not permitted except during active construction with a valid building permit. Information provided was obtained from public sources and is believed to be accurate but is not guaranteed. Buyers are encouraged to verify all property information independently.

Property Details

Parcel Number: 11-11-26-8244-0600-0070

Address: 112 Lucas St, Satsuma, FL 32189

Subdivision: ST JOHNS RIVERSIDE EST. HOOT OWL RIDGE 4TH

Lot Number: 7

Parcel Size: 0.25 Acres

Terrain: Flat, Treed

County: Putnam

GPS Coordinates Center:

29.555444, -81.639861

GPS Coordinates (4 corners):

29.555611, -81.640016 NW

29.555612, -81.639762 NE

29.555254, -81.639750 SE

29.555252, -81.640002 SW

Zoning / Property use code: R-2 RESIDENTIAL, TWO-FAMILY

What can be built? House, Mobile Home