$950,000
201 OAK Street, Welaka, FL 32189, Welaka, FL 32189
Welaka
- Price
- $950,000
- Beds / Baths
- 2 / 1
- Living area
- 500 sqft
- Year built
- 1920
- Type
- Residential
- Lot
- 0.46 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Putnam
- Days on market
- 241
$1900/sqft asking, vs a $158/sqft median across 106 closed sales in 32189 over the last 12 months — 1106% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Price Drop~Total price: $3,400,000 for both parcels. Rare bundled opportunity featuring two parcels sold together: the residential cottage and the restaurant/commercial property (Parcel 41-12-26-9200-0140-0010). See MLS #2122960 for full details and specifications. Included is a fully remodeled, income-producing 2-bedroom, 1-bath cottage situated on its own parcel, offered in conjunction with the established Shrimps R Us & More Restaurant and Tiki Bar. This well-known local destination offers immediate income potential with existing operations in place. Ideal for investors seeking diversified revenue streams with both residential and commercial components. Positioned to benefit from the upcoming resort development and anticipated area growth, this is a strategic acquisition with strong upside potential.
What to check on this one
- Verify flood zone designation—obtain FEMA flood map & elevation certificate for both parcels.
- Confirm 1920 roof age & obtain 4-point inspection; verify insurer will cover 106-year-old structure.
- Review plumbing type—cast-iron or polybutylene common in 1920s homes; assess replacement cost.
- Inspect foundation & structural integrity given age; document any settling or major repairs.
- Confirm commercial property parcel zoning, permits, & operational licenses for restaurant/bar.
- Obtain title commitment & survey for both parcels; verify no liens or boundary disputes.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $760,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of WATSON REALTY CORP. Data via realMLS (Northeast Florida MLS), updated Jul 30, 2026, 3:50 PM.
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