Penny Farms
Homes for Sale in Green Cove Springs, FL
All 397 homes for sale in Green Cove Springs, FL · median $375,350 · 388 homes for sale in 32043 · Clay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo courtesy of KAIZEN REALTY LLC · via realMLS
As of November 2026, the MLS records 10 closed sales in Penny Farms in Green Cove Springs, FL since 2012, the most recent in July 2024. Across Green Cove Springs as a whole, 1,079 homes closed in the last 12 months at a median of $355,000, 56 median days on market, with 399 homes for sale today. At that median and Clay County's FY2025-26 rate of 15.05 mills, annual property tax runs about $5,340 ($4,750 with the full homestead exemption).
Penny Farms is a small, older pocket of Clay County, with a housing stock that runs from 1914 all the way to 2022 and a median build year of 1973. That spread is the whole story on price here: two homes on the same road can sit in very different places on the value scale depending on how much of the original 20th-century construction has been updated. Condition and renovation history — not a neighborhood-wide price tier — are what set the number.
With only 123 homes in the count, inventory is thin and sales are episodic; one or two listings can define what the market looks like in a given month. Buyers should expect to move deliberately when the right updated home appears, and sellers should price to their home's actual condition rather than to a headline figure, because comparables are limited and buyers here read renovation quality closely.
Figures in this note are as of July 12, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Penny Farms is a compact, long-established community in Green Cove Springs where the median home runs about 1,524 square feet and roughly 58% of homes are homesteaded — a signal of owner-occupancy rather than heavy turnover.
realMLS (Northeast Florida) sales records identify 9 homes in Penny Farms that have changed hands since 2003, built between 1960 and 2021 (median 1991), with a median living area of about 1,700 sq ft and a typical 3-bedroom, 2-bath layout; 78% are single-family homes. 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 6 qualified sales in Penny Farms across 2024–2025 (3 in 2024, 3 in 2025), median $282,500 — 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.
The setting & the homes.
Aerial and on-site photos of Penny Farms. Swipe to explore the community.
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Penny FarmsPhotos from realMLS listings in Penny Farms; content deemed reliable but not guaranteed.
Who Penny Farms is best for.
Best for
- Buyers comfortable owning an older home and budgeting for updates over time
- Owner-occupants seeking a settled, low-turnover setting near Green Cove Springs
- Buyers who value a smaller, manageable floor plan over maximum square footage
Probably not for
- Buyers who need a large, new-construction floor plan
- Anyone requiring a wide selection of listings to choose from quickly
- Buyers unwilling to scrutinize the condition and systems of an older home
The market around Penny Farms
Penny Farms is too small for its own price trend, so here is the market around it.
In ZIP 32043, 529 homes are on the market and 24% are under contract — a steady corner of Green Cove Springs.
Across Clay County, 1,279 homes are active and 403 pending (24% under contract).
In ZIP 32043 (Green Cove Springs), 1,128 homes closed in the last 12 months at a median of $350K ($183/sq ft), down 2.7% year over year, with a median 65 days on market. Right now 272 active and 106 pending listings put supply at about 2.9 months — a balanced market. See the live ZIP 32043 housing market and the Clay County market.
ZIP and county figures describe the wider market, not Penny Farms specifically. Momentum Research analysis of MLS records.
Life at Penny Farms
- Clubhouse · reported on 1 of 1 listings
- Fitness Center · reported on 1 of 1 listings
- Jogging Path · reported on 1 of 1 listings
- Playground · reported on 1 of 1 listings
- Racquetball · reported on 1 of 1 listings
- Spa/Hot Tub · reported on 1 of 1 listings
- Tennis Court(s) · reported on 1 of 1 listings
- Water · reported on 1 of 1 listings
- Children's Pool · reported on 1 of 1 listings
- Management - On Site · reported on 1 of 1 listings
- Pool · reported on 1 of 1 listings
Community amenities as reported across realMLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
The Penny Farms buying strategy.
If we were buying in Penny Farms today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Penny Farms.
A century of building in one small footprint
The year-built range from 1914 to 2022 is unusual for a community this size, and it means you are shopping across genuinely different eras of construction under one name. Older homes may carry original systems, additions, and layouts that reward inspection; newer infill offers modern construction without the wait of a large subdivision. The median build year of 1973 tells you the center of gravity is mid-century, so most homes will have some age to account for.
At a median of about 1,524 living square feet, these are modestly sized homes rather than sprawling new-construction floor plans. The homestead share near 58% suggests a settled community where a meaningful portion of homes are held by owner-occupants, which tends to limit the volume of listings that hit the market at once.
The location and the amenities are priced into every listing in Penny Farms. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a thin, condition-driven market like Penny Farms, the value of a broker is in reading each home on its own terms — construction era, updates, and how it stacks against a short list of comparables. We help buyers judge whether an older home's price reflects real renovation or just cosmetics, and we help sellers set expectations against their home's actual condition rather than a broad average.
Penny Farms in 15 seconds.
Tools for a Penny Farms buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Penny Farms sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Penny Farms, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Penny Farms home worth?
Get a no-obligation home value based on real comparable sales in Penny Farms, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Penny Farms
Homes in Penny Farms that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 2587 Oak Stream Drive · off market
Housing distress & ownership in Penny Farms, Green Cove Springs
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
More Green Cove Springs home searches
- All homes for sale in Green Cove Springs, FL
- Homes for sale in Clay County, FL
- Gated communities in Green Cove Springs
- Green Cove Springs home values: what is my house worth?
Green Cove Springs guides & data
- Market data
- Cost of living
- Best neighborhoods
- Flood zones
- Property taxes (Clay County)
- Homestead exemption (Clay County)
- Home insurance cost
- New construction
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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Price History: What Homes Here Have Actually Sold For
Median sale prices in Penny Farms Green Cove Springs year by year since 2012, from closed MLS sales. Long-run history beats any single estimate: it shows what this community has actually done through rate cycles, not what a model guesses.
Recent Developments in Penny Farms
Development, infrastructure, retail, and school activity affecting Penny Farms, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Schools
Clay school district says one-mill referendum renews, not raises, property tax
The Clay County school district says the referendum on the upcoming ballot renews the one-mill levy voters first approved in 2020 at the same rate. The money funds school law enforcement contracts and compensation to retain and attract teachers and support staff. A citizens' advisory committee reviews spending, and the district says non-renewal would leave a funding shortfall.
What it may mean for the marketThe outcome sets school operating funding and staffing support for Clay County without changing the current millage rate. The site is about 8 miles east of Penny Farms.
Source: Clay Today - October 2026Retail & Dining
Grumpy's opens largest location yet on Fleming Island
Grumpy's opened at 1803 East-West Parkway in the former Dick's Wings and Grill space, with a Oct. 12 grand opening after benefit soft-opening dinners on Oct. 9 and 10. At 5,352 square feet it is the chain's largest of six Northeast Florida locations, seating up to 190. The owners plan a third restaurant.
What it may mean for the marketA large breakfast-and-lunch restaurant filling a vacant East-West Parkway space adds a dining option on Fleming Island. The project is about 10 miles northeast of Penny Farms, elsewhere in Clay County.
Source: Clay Today - September 2026Infrastructure
County Road 220 widening and Little Black Creek bridge replacement open to traffic in Clay County
The project finished ahead of schedule, with a new four-lane bridge over Little Black Creek replacing a 1947 structure. Phase 1 began in December 2024 with intersection improvements at Rideout Ferry Road, and Phase 2 began in January 2025. Officials say it should ease traffic along the corridor.
What it may mean for the marketA four-lane CR 220 corridor improves commute capacity for Fleming Island and Middleburg area drivers. The site is about 8 miles north of Penny Farms.
Source: News4JAX - June 2026Builder Activity
Hyland Trail to bring over 3,000 homes to Lake Asbury in Clay County
News4Jax reported that Hyland Trail, along with the related Edenbrooke and The Glens communities, will bring more than 3,000 new homes to the Lake Asbury area of Clay County. Homes are being built by Dream Finders, Pulte and Lennar, with a Lodge amenity center featuring a beach-entry pool, splash zone, exercise facility and pickleball courts. Edenbrooke includes an age-restricted, low-maintenance home section.
What it may mean for the marketAdds a large volume of new single-family housing supply and a private amenity center to the Lake Asbury area, expanding for-sale inventory across a range of home sizes and price points. The site is about 4 miles north of Penny Farms.
Source: News4Jax - June 2026Infrastructure
First Coast Expressway advances as an economic-development corridor across Clay and St. Johns
The First Coast Expressway (State Road 23), a tolled beltway looping around the west and south of the Jacksonville metro, continued to open land for development along its corridor, with the final St. Johns County phase from Interstate 95 to east of County Road 2209 in progress. FDOT held a St. Johns County open house on the final phase in January 2026.
What it may mean for the marketNew limited-access highway capacity shortens commutes and opens adjacent land, changes that have historically shaped where new communities and demand concentrate. The site is about 6 miles northeast of Penny Farms.
Source: Jax Daily Record
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
How many homes are in Penny Farms?
What share of Penny Farms is owner-occupied?
When were the homes in Penny Farms built?
Who is the best real estate agent for Penny Farms?
How do I find a top Green Cove Springs real estate agent who knows Penny Farms?
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Where is Penny Farms, and what county is it in?
How far is Penny Farms from downtown Jacksonville and the beach?
Should you buy in Penny Farms?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: July 14, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32043/32079)) |
| Under-contract shares | realMLS records, as of 2026-11-12 |
| Historical depth | Closed-sale records back to 2012 (10 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum listings in Northeast Florida sold at 99.1% of final list price vs. 98.6% for the market, in a median 31 days vs. 41 (realMLS, 12 months to Nov 2026). A Momentum agent can price yours against live local comps.
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