$1,350,000
517 S PROSPECT Street, Crescent City, FL 32112
Crescent City Add
- Price
- $1,350,000
- Beds / Baths
- 5 / 6
- Living area
- 4,028 sqft
- Year built
- 1875
- Type
- Residential
- Lot
- 0.83 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Putnam
- Days on market
- 123
- Elementary
- Middleton-Burney
- Middle
- Crescent City
- High school
- Crescent City
$335/sqft asking, vs a $154/sqft median across 70 closed sales in 32112 over the last 12 months — 117% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Set above the shores of Crescent Lake, this historic residence, originally known as The Williams Home and later as the Mary-Edward Inn, offers a rare blend of legacy and livability. Built in the 1800s and once operated as a bed-and-breakfast, the property carries a presence shaped by generations drawn to the lake's quiet rhythm. Now configured with five bedrooms plus a dedicated office, the home has been thoughtfully updated with a renovated kitchen and modernized baths, balancing everyday comfort with the preservation of architectural character. Positioned high on a bluff overlooking a lake connected to the St. Johns River, the setting offers expansive sunrise vistas, freshwater views, private water access, and a distinctly unhurried Florida lifestyle. A property defined not just by its history, but by the experience it continues to offer.
What to check on this one
- Verify roof age and condition—1875 home likely needs inspection; NE FL insurers restrict coverage past 15-20 years.
- Order 4-point inspection and wind-mitigation assessment; historic age triggers lender and insurance requirements.
- Confirm water access permits, riparian rights, and dock/boathouse compliance with Putnam County.
- Inspect plumbing for cast-iron or polybutylene; original 1875 systems likely replaced but verify materials.
- Pull full renovation scope and permits; confirm all updates comply with county codes and have certificates of completion.
- Have septic and well systems professionally tested if present; confirm capacity for five-bedroom occupancy.
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 $1,080,000 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 DOUGLAS ELLIMAN FLORIDA. Data via realMLS (Northeast Florida MLS), updated Aug 25, 2026, 12:52 AM.
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