Palmetto
Homes for Sale in Crescent City, FL

This is a small, older, low-square-footage community in Crescent City, Putnam County — the kind of place where each listing is its own story rather than a variation on a builder template.

realMLS (Northeast Florida) sales records identify 5 homes in Palmetto that have changed hands since 2022, built between 1972 and 2006 (median 1985), with a median living area of about 1,130 sq ft and a typical 2-bedroom, 2-bath layout. Source: realMLS (Northeast Florida) closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 5 qualified sales in Palmetto across 2024–2025 (2 in 2024, 3 in 2025), median $80,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Palmetto is too small for its own price trend, so here is the market around it.

In ZIP 32112, 63 homes are on the market and 11% are under contract — a slower corner of Crescent City.

Across Putnam County, 807 homes are active and 125 pending (13% under contract).

In ZIP 32112 (Crescent City), 32 homes closed in the last 12 months at a median of $270K ($106/sq ft), up 18.7% year over year, with a median 72 days on market. Right now 11 active and 6 pending listings put supply at about 4.1 months — a balanced market. See the live ZIP 32112 housing market and the Putnam County market.

ZIP and county figures describe the wider market, not Palmetto specifically. Momentum Research analysis of MLS records.

The defining fact of Palmetto Add is scale. A median of 840 square feet across just 44 homes means comparable sales are thin and every property carries its own weight — a renovated kitchen, a newer roof, or an unpermitted addition can swing value more than any neighborhood-wide trend. With build years spanning 1966 to 2006 and a median of 1980, expect a mix of construction eras and systems approaching or past the point where major components need attention.

Because roughly a third of homes are homesteaded, the balance are held by owners who do not live in them, and that shows up in maintenance patterns. Buyers should budget for inspection and, where needed, updates rather than assuming turnkey. Sellers who have kept up on the essentials have a real, visible edge in a market where the field is uneven.

In a community this small, a handful of sales sets the tone, so pricing takes real local judgment rather than a formula. We read each home on its own — condition, systems, lot, and how it stacks against the few relevant comps — so buyers know what they are inheriting and sellers price to the market that actually exists here.