RARE opportunity offering exceptional flexibility for both residential living and potential business use in a prime location just minutes from the St. Johns River, known for excellent boating and fishing, and close to the charm of historic downtown Palatka and relaxed small-town living. Situated on 0.42 acres, this property is ideal for those seeking a home-based business setup, investment potential, or future commercial use (buyer to verify), while still enjoying the comfort of a private residence. With NO HOA and ample space for boats, RVs, work vehicles, or equipment, the possibilities here are wide open. This concrete block home features 3 bedrooms and 2 bathrooms with warm, inviting character including beautiful wood details and finishes throughout. The flexible layout supports multi-generational living or the opportunity to live in one portion while utilizing another for income-producing use such as short-term rental. A standout feature is the oversized garage/workshop. A standout feature is the oversized garage/workshop with FOUR garage doors, offering full drive-through capability--perfect for a business operation, hobbyist, storage, or workspace requiring easy access and functionality. Enjoy a very private, fully fenced backyard backing to wooded land, creating a peaceful and secluded setting that feels like country living while still being close to town. Extensive recent upgrades include major system improvements such as updated plumbing, electrical, and connection to county sewer, along with all new custom windows and beautifully updated kitchen and bathrooms, making this a move-in ready opportunity with long-term value. Additional highlights include a wood-burning fireplace with gas hookup, gas stove, and tankless on-demand gas water heater, offering both comfort and efficiency. Conveniently located near Ravine Gardens State Park for scenic hiking, the popular Azalea Festival, and major events such as the American Bass Anglers Team National Championship, this location offers both everyday enjoyment and year-round activity. Whether you're looking to live, work, invest, or create a flexible lifestyle, this property offers a unique combination of location, function, charm, and opportunity that's hard to find.