10 Lake Forest Circle N, Palm Coast, FL 32137

Property Description

For under $140K you can own a Charming Cottage + Expansion Opportunity in the Heart of White Springs. Room in the back for an ADU (another home or an RV). Main house zoned as commercial and residential (live in your RV in the back and rent the main house to a local business (was a flower shop in the past). Let your tenant pay off your mortgage while you live in the back under mature shade trees. Its all here except you... bring us an offer and move in quickly. Easy to show. Welcome to 16842 Spring Street-an updated home on a large, fully usable lot in one of North Florida's most welcoming small towns. Set directly across from the city park, your front view is open green space, mature trees, and everyday neighborhood life--kids playing, neighbors out walking, and a setting that feels peaceful and connected from the moment you arrive. Inside, the home has been thoughtfully improved, with nearly everything updated within the last 2.5 years, including a metal roof, energy-efficient windows, updated electrical with new fuse box, termite bond in place, new appliances, new flooring, fresh interior paint, and adjustable foundation supports. The result is a move-in ready property with minimal immediate maintenance and strong long-term durability. The real opportunity, however, is outside. The large ¼-acre fully fenced yard provides exceptional flexibility Room for a pool, garage, or additional structure Extra-wide drive gate with space for RV, boat, or equipment access Plenty of usable land for expansion or customization Once again, there is also clear potential to add an ADU or build a second dwelling at the rear of the property. The existing home could easily serve as a primary residence, guest house, rental, or private office while expanding the footprint of the property over time. The location further enhances both lifestyle and income potential. Situated between Stephen Foster Folk Culture Center State Park and Big Shoals State Park, and just minutes to the Suwannee River, the area attracts a steady flow of visitors for hiking, kayaking, cycling events, and festivals throughout the year. For investors, this creates a strong short-term or seasonal rental opportunity, with demand driven by outdoor tourism, local events, and visitors seeking a quiet retreat. The layout, location, and expansion potential make it easy to position this property for income while still maintaining long-term upside. Whether you're looking for a full-time residence, a weekend escape, or a property with income and future development potential, 16842 Spring Street offers a rare combination of updates, land, flexibility, and location. Homes with this level of improvement, on this size lot, with this kind of versatility--especially directly across from a park--are becoming increasingly difficult to find.