118 WATERWAY DRIVE, SATSUMA, FL, 32189
Active63 days on marketListed May 28, 2026MLS #OM725280
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About this home
118 WATERWAY DRIVE
Welcome to waterfront living at its finest in beautiful Satsuma, Florida! This home is fully renovated. 118 Waterway Drive offers direct canal access to Dunns Creek which offers easy access to the scenic St. Johns River—perfect for boating, fishing, and enjoying the Florida lifestyle right from your backyard. No detail has been overlooked in this top-to-bottom renovation. The home features a brand-new roof, a new HVAC system, new hot water heater, and a completely new septic system including drain field—giving you peace of mind for years to come. Inside, you’ll find stylish new LVP flooring throughout, a beautifully updated kitchen with upgraded appliances, modern cabinetry, and sleek countertops, as well as fully remodeled bathrooms with new fixtures and vanities. Whether you're looking for a full-time residence, a weekend retreat, or an investment opportunity, this move-in-ready waterfront property delivers comfort, quality, and access to one of Florida’s most iconic rivers. Don’t miss your chance to own a slice of paradise—schedule your private showing today!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,404
Sqft
0.21 ac
Lot size
1991
Year built
One
Levels
$199
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$2,076 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,076/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+22.8%
$/sqft vs ST JOHNS RIVERSIDE ESTATES
$199 vs $178
Days on market
63 vs 26 typical
Where $199/sqft sits among the 9 homes for sale in ST JOHNS RIVERSIDE ESTATES
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Satsuma
Get to know Satsuma. See the full Satsuma guide →
SATSUMA 32189 — neighborhood snapshot
Population
5,527
Median age
53.4
Median income
$42,566
Median home value
$118,200
Avg household
2.04
Households w/ children
551
For the school run
Putnam County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Satsuma market
$130K → $454K
Satsuma median sold, yr/yr
92.6%
Sale-to-list ratio (12 mo)
1 of 9
ST JOHNS RIVERSIDE ESTATES have cut their price
Median sold price, Satsuma, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1377% above the SATSUMA 32189 median. See the full Satsuma market guide →
Paper trail
This home's history
Reality check
What actually sold near 118 WATERWAY DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$190,000
249 COUNTY ROAD 309 · same community
4 bd · 2 ba · 1,456 sqft · $130/sqft · 102 DOM
Sold · Jul ’26$214,120
204 RABBIT TRACK ROAD · same community
3 bd · 2 ba · 1,248 sqft · $172/sqft · 85 DOM
Sold · Oct ’25$125,000
107 RIVERSIDE TRAIL · same community
4 bd · 2.5 ba · 1,620 sqft · $77/sqft · 118 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 118 WATERWAY DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 118 WATERWAY DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
118 WATERWAY DRIVE FAQs
What would the monthly payment be for 118 WATERWAY DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,076/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 118 WATERWAY DRIVE?+
The most recent tax bill on record (2025) was $1,730. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Satsuma?+
At $279,900, this home is listed about 4% above the Satsuma median of $268,000. The market section on this page shows how the area is trending.
Which schools are assigned to 118 WATERWAY DRIVE?+
Browning-Pearce Elementary School (elementary), Palatka Junior - Senior High School (high) — Putnam County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$279,900 runs 1377% above the SATSUMA 32189 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
63 days on market against a Satsuma median of 26 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $299,900, now $279,900 — a $20K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of REAL BROKER, LLC · David Beddard. MLS #OM725280.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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