Prices for waterfront properties in Florida have been increasing for years. In Green Cove Springs, properties on the St. Johns River also are getting higher asking prices with the construction of the First Coast Expressway project.
The project will include a new bridge connecting Clay and St. Johns counties. The bridge over the St. Johns River will be constructed just south of the existing two-lane Shands Bridge. It will include four travel lanes and a pathway for bicyclists and pedestrians.
Perhaps more important for the sellers of these waterfront properties, the new bridge will decrease the commute to the Jacksonville area by almost half. The commute is about 45 minutes now, depending on traffic and the time of day.
The expressway project should help commuters in Clay County. Seventy percent of the county’s residents travel outside of the county for work, the highest proportion in the state.
Melissa Nelson, a Realtor at Havenside properties, said the new expressway and bridge are impacting sales prices in Green Cove Springs because they will provide greater access to the area.
The bridge project is expected to start in the fall and be completed in 2029. The overall expressway project, known by some as the Outer Beltway project, is currently under construction. The expressway will connect to the existing Shands bridge by early 2025.
Nelson is representing the seller of a 3-plus acre property, which she referred to as a family compound, that includes four homes and a workshop. The property is being sold as a three-parcel group. The asking price: $1.9 million.
“It is a unique property because of the number of acres,” she said.
Here is the description of the property from the real estate listing on Zillow:
“One riverfront home is 2BR/1BA + Garage w/efficiency. Second riverfront home needs extensive repairs. Third home is bungalow with new kitchen and bath, fourth home is 3BR/2BA with screened porch. It also has large steel building/workshop w/bath. Endless possibilities. Sold 'AS IS'.”
The properties are at 3983 Kelsey Road, 3965 Kelsey Road and 3978 Owens Road in Green Cove Springs. The home on Owens Road “would require repairs to be habitable,” according to information on Zillow.
To check out one of the properties, click here.
Even vacant land on the river is bringing a hefty asking price.
Cheryl Michaels is representing the seller of about 3 acres of vacant land on the St. Johns River at 654 S. Orange Ave in Green Cove Springs. The asking price: $2 million.
She said the property could be commercial or residential or both. Wetlands on the property might need to be filled in or remediated to be used, she added.
Here is the information in the real estate listing on realtor.com:
“Rare opportunity to own 3 plus acres of beautiful waterfront property in Green Cove Springs! This parcel has direct frontage on U.S. 17 with expansive and direct waterfront on the St. Johns River. Property does have significant wetlands with enough uplands to consider a fish camp type restaurant with nature walk, waterfront recreational business or even a mix of commercial and residential. Bring your imagination and become part of the growth and development already underway in this area!”
For more information on the property, click here.
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