A Florida property with a creek, a swimming pool, and nearly eight-tenths of an acre has entered the real estate market for just $119,000. But behind its appealing outdoor features lies a major renovation project that could attract experienced investors and buyers looking for a fixer-upper.
Located at 1715 Forbes Street in Green Cove Springs, Florida, this single-family home offers two bedrooms, one full bathroom, and approximately 1,104 square feet of air-conditioned living space.
Built in 1986, the property sits on a spacious 0.77-acre lot with a wooded setting, a creek running through the land, and an above-ground swimming pool.
At an advertised price of $119,000, the home presents an interesting opportunity for someone willing to invest time and money into restoring an older property.
A Florida Property With Something Unexpected
One of the most attention-grabbing aspects of this listing is the outdoor space.
While many homes in established neighborhoods occupy relatively small lots, this residence includes approximately 33,500 square feet of land.
The lot measures roughly 238 by 141 feet, offering room for outdoor activities, landscaping, and potential improvements, subject to local regulations.
A creek runs through the property, creating a natural feature that distinguishes it from many similarly priced homes.
For buyers who enjoy spending time outdoors, the wooded surroundings and water feature could provide an attractive setting.
However, prospective owners should investigate drainage conditions, flood exposure, creek setbacks, and any restrictions affecting future improvements.
An Above-Ground Pool Adds Another Surprise
The property also includes an above-ground swimming pool, an unexpected feature for a home being marketed as a renovation project.
With Florida’s warm climate, a private pool can be an appealing addition to a residential property.
A future owner might envision transforming the surrounding outdoor space into a relaxing backyard retreat with seating areas, gardens, and entertainment space.
The existing pool’s condition has not been independently established, so buyers should determine whether repairs or replacement would be necessary.
Still, the combination of a creek, wooded land, and a swimming pool gives this listing several distinctive characteristics.
Inside the Two-Bedroom Home
The residence features a single-story floor plan with two bedrooms and one full bathroom.
The primary bedroom includes a walk-in closet, while the second bedroom provides a built-in closet.
A living room and kitchen form the main gathering areas of the house.
An enclosed Florida room provides additional interior space and contributes to the approximately 1,104 square feet reported under air.
This extra room could potentially serve as a sitting area, hobby room, or flexible living space once the property has been renovated.
Central heating and air conditioning are listed among the home’s features.
According to the property information, the electrical system was updated in 2006, although the current condition of the wiring and equipment should still be inspected.
The house has wood-frame construction and a shingle roof.
Water is supplied through a private well, and wastewater is handled by a septic system.
These systems should also be evaluated before purchasing.
The Catch: This Home Needs a Complete Renovation
Despite its attractive outdoor features, the property is not being presented as move-in ready.
The listing specifically describes it as an investor special requiring a complete renovation.
That means the $119,000 asking price represents only the potential starting point of the overall investment.
Depending on the home’s actual condition, restoration costs could include structural repairs, roofing, plumbing, electrical work, flooring, kitchen and bathroom improvements, and updates to heating or cooling systems.
Because the home is being offered with cash purchase terms, buyers should also verify whether conventional financing is possible.
For experienced renovators, this could be an opportunity to redesign the interior and bring new life to the property.
For someone seeking a home that is ready for immediate occupancy, however, the amount of required work could be a significant obstacle.
An Interesting Difference Between Asking Price and Estimated Value
Another detail that may attract attention is the difference between the advertised asking price and Zillow’s automated estimate.
At the time of the October 9, 2026 listing, the asking price was $119,000, while the reported Zestimate was approximately $200,700.
That is a difference of more than $81,000.
However, automated valuations do not necessarily account accurately for extensive renovation requirements, and the estimate should not be interpreted as a guaranteed market value or potential profit.
The true financial picture would depend on the home’s condition, renovation expenses, comparable property sales, and the price a future buyer would actually be willing to pay.
A Convenient Green Cove Springs Location
Beyond the property itself, the location provides access to local amenities.
According to the listing, the residence is approximately three minutes from Spring Park, a popular recreational destination in Green Cove Springs.
Coffee shops, restaurants, and other local conveniences are also nearby.
Green Cove Springs Junior High is reportedly within walking distance.
Another detail that may interest buyers is the absence of a homeowners association, although local zoning and land-use regulations still apply.
Could This $119,000 Florida Fixer Become Something Special?
The property entered the market on October 9, 2026, with an asking price of $119,000.
For that amount, the listing offers a two-bedroom home, an enclosed Florida room, approximately 0.77 acres, a creek, an above-ground swimming pool, and a location near downtown amenities.
The biggest consideration is the extensive renovation required to make the house suitable for its next chapter.
While the property may not be appropriate for every buyer, someone with renovation experience and a carefully calculated budget might see possibilities in its combination of land and existing features.
Ultimately, the question is whether the cost of restoring the home can be justified by its location, acreage, and future value.
Would you take on a complete renovation to own a Florida property with a creek and swimming pool for $119,000?
Listed on Zillow
