5 Colorado Dr Palm Coast, FL 32137
Estimated payment $5,403/month
Total Views
3,853
5
Beds
5
Baths
2,858
Sq Ft
$297
Price per Sq Ft
Highlights
- 40 Feet of Brackish Canal Waterfront
- Dock has access to electricity and water
- In Ground Pool
- Old Kings Elementary School Rated A-
- Boat Ramp
- Solar Power System
About This Home
SALT WATERFRONT - POOL - FULLY FURNISHED - SPLIT FLOOR PLAN - / 1 YEAR WARRANTY - / NO CDD or HOA/ MULTIPLE PRIVATE ENTRANCES…This hidden piece of paradise boasts views not expected until you open the front door. This gem is properly positioned on nearly a 16000 square foot CORNER LOT within the very desired Palm Harbor boating community and located at the very end of a Saltwater canal. This Pool home features a new roof in Dec. 2020, Modernized and updated in 2022, and is fully LOADED, to include 5inch baseboards, and crown molding. This beauty includes new electric panels and “Solar Power” as of 2023, kiss your usual FPL bill goodbye. Over 40 feet of saltwater canal frontage and endless sunsets await you at this one-of-a-kind, fully custom, Ol’ Florida Ranch Style Home, with a coastal appeal. Why wait for the inconsistency and stressors of a new build? This home WARRANTY covers ALL major appliances, effective for 1 year from closing. Lush and well-manicured, mature lawn and landscape… No more looking across the waterway at your neighbor… Bottomless waterfront views from all north facing interior areas. Did I mention an optional expandable back yard buildable and with an additional 70 foot of frontage?? Be sure to ask your real estate professional for more details. This modern home offers a re-finished and oversized screened-in pool 2022, with 2 completely separated screened in lanai areas, 2 master ensuites (both on level 1), one of the masters overlooking the end of the salt canal, a large private ensuite or bonus room upstairs (this room and its access could easily be a separate apartment). Large dining area and oversized fully renovated kitchen with plenty of counter space and DOUBLE ovens!! The elongated tile flooring throughout, make it very easy to maintain. Boaters’ paradise! Freshly dredged dockage 12’ out from seawall, 15’ wide fully protected slip and an installed dock service finger, dock built of composite decking. Independent 110 power at the dock, and separate 50-amp service. Just a 20-30min. float to the mouth of the Atlantic Intracoastal Waterway. This setup will accommodate a boat 15 foot tall, 14 foot wide, up to 40 foot long, with a draft of under 4 foot. Large circular driveway for plenty of parking, and if you run out of space, no problem... There’s a fenced in 48’ long concrete pad for your overflow. Propane Gas on site for laundry and hot water. Insulated garage doors and finished garage floor allows for ease of use. Extra Large finished attic space with pull down pocket stairs. Come claim your slice of paradise. Approximately 2 miles east of I-95 and 3 miles east of US Highway 1. A-ranked schools, shopping and award-winning beaches just minutes from your front door. Regardless of what your needs are, this home makes it possible: Air BnB, multi-family use, vacation home, or simply your primary residence, this beauty and its unique floor plan makes it ALL possible. Why go to the beachside and combat XE flood zones, when you can benefit from the pleasure of the salt canal with an X flood designation (less homeowners insurance costs). Why pay double or triple in taxes? This is home, and the custom floor plan does not repeat anywhere locally. Please note this property is one of the final remaining available structures in this part of Palm Coast. Once these are gone there will be NO additional neighborhoods built on these canals. Hurry, schedule your showing and then come see why this one fits.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,900
Year Built
- Built in 1982
Lot Details
- 0.36 Acre Lot
- 40 Feet of Brackish Canal Waterfront
- Property fronts a saltwater canal
- South Facing Home
- Private Entrance
- Vinyl Fence
- Mature Landscaping
- Corner Lot
- Oversized Lot
- Property is zoned SFR2
Parking
- 2 Car Attached Garage
- Bathroom In Garage
- Circular Driveway
Home Design
- Bi-Level Home
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 2,858 Sq Ft Home
- Open Floorplan
- Dry Bar
- Crown Molding
- Ceiling Fan
- Double Pane Windows
- Living Room
- Bonus Room
- Ceramic Tile Flooring
- Canal Views
Kitchen
- Eat-In Kitchen
- Built-In Convection Oven
- Cooktop
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Granite Countertops
- Solid Wood Cabinet
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- En-Suite Bathroom
- Dual Closets
- Walk-In Closet
- 5 Full Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Eco-Friendly Details
- Solar Power System
- Solar owned by seller
Outdoor Features
- In Ground Pool
- Access to Saltwater Canal
- Boat Ramp
- Dock has access to electricity and water
- Enclosed patio or porch
- Rain Gutters
- Private Mailbox
Schools
- Belle Terre Elementary School
- Imagine Schools Town Center Middle School
- Matanzas High School
Utilities
- Central Air
- Heating Available
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Country Club Cove Subdivision
Listing and Financial Details
- Home warranty included in the sale of the property
- Visit Down Payment Resource Website
- Legal Lot and Block 18 / 9
- Assessor Parcel Number 07-11-31-7016-00090-0180
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2020 | $3,213 | $204,809 | $0 | $0 |
| 2019 | $4,836 | $241,732 | $65,000 | $176,732 |
| 2018 | $2,940 | $186,433 | $0 | $0 |
| 2017 | $2,861 | $182,166 | $0 | $0 |
| 2016 | $2,792 | $178,419 | $0 | $0 |
| 2015 | $2,793 | $177,179 | $0 | $0 |
| 2014 | $2,805 | $175,773 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Price Changed | $850,000 | -2.9% | $297 / Sq Ft |
| 02/25/2025 02/25/25 | For Sale | $875,000 | +130.3% | $306 / Sq Ft |
| 06/15/2021 06/15/21 | Sold | $380,000 | -3.8% | $133 / Sq Ft |
| 03/13/2020 03/13/20 | Pending | -- | -- | -- |
| 06/29/2019 06/29/19 | For Sale | $395,000 | -- | $138 / Sq Ft |
Source: Stellar MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | First American Mortgage Sln |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $362,230 | FHA |
Source: Public Records
Similar Homes in Palm Coast, FL
Source: Stellar MLS
MLS Number: FC307610
APN: 07-11-31-7016-00090-0180
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