Silver Lake Terrace
Homes for Sale in Palatka, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 3 closed sales in Silver Lake Terrace in Palatka, FL since 2008, the most recent in March 2024. Across Palatka as a whole, 43 homes closed in the last 12 months at a median of $210,000, 61 median days on market, with 8 homes for sale today. At that median and Putnam County's FY2025-26 rate of 16.89 mills, annual property tax runs about $3,550 ($2,870 with the full homestead exemption).
Silver Lake Terrace is a small pocket of Palatka, and in a market this size price is driven far more by the individual home than by any neighborhood-wide trend. Condition, lot, and how a property has been maintained will move a number here more than anything happening across Putnam County as a whole.
For buyers, that means each listing has to be judged on its own terms rather than against a tidy comp set. For sellers, it means pricing off honest condition and recent work, not off a headline figure. Bring patience and a willingness to look closely at the individual property in front of you.
Nearby homes for sale
No active listings inside Silver Lake Terrace right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Silver Lake Terrace sits within Palatka in Putnam County, a smaller Northeast Florida market where inventory is thin and pricing is dictated by the specifics of each home rather than by volume-driven averages.
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.
Who Silver Lake Terrace is best for.
Best for
- Buyers who value a smaller Palatka location and will judge a home on condition rather than on averages
- Value-focused buyers willing to take on a project home at the right price
- Patient buyers who can wait for the specific property that fits their budget
Probably not for
- Buyers who need a large selection of listings to choose from at any given time
- Buyers who want tightly clustered, predictable comps to justify every offer
- Buyers seeking a fast, low-diligence transaction
The market around Silver Lake Terrace
Silver Lake Terrace is too small for its own price trend, so here is the market around it.
In ZIP 32177, 166 homes are on the market and 25% are under contract — a steady corner of Palatka.
Across Putnam County, 701 homes are active and 163 pending (19% under contract).
In ZIP 32177 (Palatka), 162 homes closed in the last 12 months at a median of $214K ($176/sq ft), up 5.5% year over year, with a median 61 days on market. Right now 14 active and 5 pending listings put supply at about 4.3 months — a balanced market. See the live ZIP 32177 housing market and the Putnam County market.
ZIP and county figures describe the wider market, not Silver Lake Terrace specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Silver Lake Terrace, Palatka
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.
The Silver Lake Terrace buying strategy.
If we were buying in Silver Lake Terrace 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 Silver Lake Terrace.
A property-by-property market
In a community this compact, there is no substitute for walking the actual home. Two properties on the same street can carry very different values depending on updates, structure, and lot. Expect a wide spread between homes that have been kept up and those that have not, and plan to underwrite each one individually.
Location within Palatka gives you access to the wider Putnam County setting and the St. Johns River corridor, but the buying decision itself will come down to the condition of the house and the terms of the deal. Do the diligence on the specific listing rather than leaning on neighborhood shorthand.
The location and the amenities are priced into every listing in Silver Lake Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin, condition-driven markets like Silver Lake Terrace reward local judgment over broad statistics. We will tell you plainly when a home is priced fairly for its condition, when it is not, and when the deal simply isn't right for you — and we will do the property-level work that a small market demands.
Silver Lake Terrace in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Silver Lake Terrace 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 Silver Lake Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Silver Lake Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Silver Lake Terrace home worth?
Get a no-obligation home value based on real comparable sales in Silver Lake Terrace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Palatka →
Should you buy in Silver Lake Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | realMLS records, as of 2026-09-12 |
| Historical depth | Closed-sale records back to 2008 (3 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.
Own a home here?
You just read the data. Now see what your home is worth.
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 sells for 1.25% above the realMLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
Schools serving nearby communities
We do not have a confirmed school assignment for Silver Lake Terrace. These are the public schools most often assigned to other communities in ZIP 32177; zones change and vary by address, so confirm with the district before you buy.
- Palatka High School · High (assigned to 7 nearby communities)
- Robert H. Jenkins Junior Middle School or C. L. Overturf Jr. 6th Grade Center · Middle (assigned to 7 nearby communities)
- James A. Long Elementary School · PreK-5 (Putnam, Palatka area) · FLDOE grade B (assigned to 5 nearby communities)
- Palatka Jr.-Sr. High School · 7-12 (assigned to 4 nearby communities)
- William D. Moseley Elementary School · Elementary · FLDOE grade C (assigned to 3 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Common questions about Silver Lake Terrace
Where is Silver Lake Terrace?
Silver Lake Terrace is a community in Palatka, Putnam County, Florida, ZIP 32177.
Are there homes for sale in Silver Lake Terrace right now?
No active listings inside Silver Lake Terrace at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Silver Lake Terrace have an HOA or CDD?
No HOA is on record for Silver Lake Terrace in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
See how Silver Lake Terrace fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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