10 LAKE FOREST Circle N Palm Coast, FL 32137 MLS# 2139605 3 beds | 2 baths | 1724 sqft
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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.
Details
Contract Information
Property Attached YN: Yes
Current Price: $259,900
Property Sub Type: Townhouse
Status: Active
List Price: $259,900
Listing Contract Date: 2026-04-09
Location, Tax, and Legal
Country: US
Parcel Number: 0711317008001700060
Tax Annual Amount: 3238.83
Tax Year: 2025
Tax Legal Description: LAKE FOREST NORTH PHASE II LOT 6 OR 511 PG 1693 OR
Zoning Description: Residential
General Property Information
Lot Size Acres: 0.13
Bathrooms Half: 0
Living Area: 1304
Living Area Source: Public Records
Building Area Total: 1724
CDD Fee YN: No
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Homestead YN: No
Association Fee: 445
Association Fee Frequency: Monthly
Waterfront YN: No
Senior Community YN: No
Directions: I95 to Palm Coast Pkwy East.. Left onto Colbert Lane. Right into Lake Forest. First Left into Lake Forest Pl. in Cul-De-sac.
Public Remarks: 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.
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
List Price/SqFt: 199.31
Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Year Built: 1994
Appliances
Dishwasher: 1
Dryer: 1
Electric Cooktop: 1
Electric Range: 1
Freezer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Association Fee Includes
Cable TV: 1
Trash: 1
Water: 1
Construction Materials
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Fencing
Back Yard: 1
Flooring
Tile: 1
Heating
Central: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Guest: 1
On Street: 1
Possession
Close Of Escrow: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Water Source
Public: 1
Architectural Style
Ranch: 1
Patio And Porch Features
Screened: 1
Interior Features
Primary Bathroom - Tub with Shower: 1
Primary Downstairs: 1
Split Bedrooms: 1
Walk-In Closet(s): 1
DPR Eligible
DPR Eligible: Yes
Room Types
Bathroom 2: 1
Bedroom 2: 1
Bedroom 3: 1
Living Room: 1
Primary Bathroom: 1
Primary Bedroom: 1
Location Tax and Legal
Street Number: 10
Street Name: LAKE FOREST
Street Suffix: Circle
Street Direction Suffix: N
County: Flagler
State: FL
Postal Code: 32137
MLS Area Major: 601-Flagler County-North Central
Subdivision Name: Lake Forest
Status Change Information
Major Change Timestamp: 2026-07-06T17:21:31Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-06T17:21:31Z
Property Features
Architectural Style: Ranch
Levels: One
Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Range; Freezer; Microwave; Refrigerator; Washer
Interior Features: Primary Bathroom - Tub with Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s)
Flooring: Tile
Utilities: Cable Connected; Electricity Connected; Water Connected
Cooling: Central Air
Heating: Central
Water Source: Public
Sewer: Public Sewer
Construction Materials: Frame; Stucco
Patio And Porch Features: Screened
Roof: Shingle
Parking Features: Garage; Garage Door Opener; Guest; On Street
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.
