NOT LISTED FOR SALE

Ocean Hammock 500 Cinnamon Beach Way Unit 455 Palm Coast, FL 32137

Estimated Value: $935,000 - $975,000

3 Beds
3 Baths
2,003 Sq Ft
$843/mo HOA Fee

Last Sold June 09, 2023

Last sale price $999,000 $499 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,903/month

7 Days on Market

Highlights

  • 112 Feet of Gulf Waterfront
  • Beach View
  • On Golf Course
  • Old Kings Elementary School Rated A-
  • Beach Access
  • Fitness Center

About This Home

As of June 2023

LOCATION! LOCATION! OCEAN! OCEAN! This Cinnamon Beach oceanfront condo is a perfect place for a vacation getaway or year round living in the areas best kept secret. The ocean and golf course views are abundant in this most sought after building in the complex. Most particularly, in this corner unit with excess windows and balcony, offering unobstructed panoramic views from almost every room. Beautiful tile floors lead you to the kitchen with granite countertops, solid wood cabinets, stainless steel appliances and a cozy eat in area. Bedrooms, linen closets and laundry room are completely built out for additional storage. Spend your early mornings on your balcony and be mesmerized while watching the sun rise and listening to the sounds of the ocean waves. Also, take your front row seat on your balcony to watch golf on the 8th green of Nicklaus Ocean Course. Amenities for your enjoyment; oceanfront heated pool, 2nd heated zero entry pool & water splash zone, fitness center, jacuzzi, cafe and game room. Check out why Cinnamon Beach is a favorite for many.

Last Listed By

Carlene Reardon

COASTAL GATEWAY REAL ESTATE GR License #3109455 Listed on: 03/20/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,694

Year Built

  • Built in 2005

Lot Details

  • On Golf Course
  • Northeast Facing Home
  • Irrigation

HOA Fees

Property Views

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,003 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Ground Level Parking
  • Parking Garage Space

Outdoor Features

  • Heated Spa
  • Beach Access
  • Water access To Gulf or Ocean
  • Balcony
  • Covered patio or porch
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, pest control, private road, recreational facilities, security, sewer, trash, water
  • $151 Other Monthly Fees
  • May Management Association, Phone Number (386) 446-0085
  • Cinnamon Beach Condos
  • Ocean Hammock Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to allowable golf cart usage in the community
  • 6-Story Property

Amenities

  • Restaurant
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Recreation Facilities
  • Community Spa

Pet Policy

  • Pets Allowed
  • 2 Pets Allowed

Security

  • Security Service
  • Gated Community
  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,694

Year Built

Built in 2005

Lot Details

0

HOA Fees

$843 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Pool, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2003
  • Lot Size Acres: 0.3
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 2003
  • Lot Size Sq Ft: 13050
  • Directions to Property: Hammock Dunes Pkwy to Hotel trace Blvd, through security gate and Left on Ocean Way Blvd., Left on Cinnamon Beach Way, arrive at building 400
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Palm Coast
  • Escrow Postal Code: 32137
  • Escrow State: FL
  • Escrow Street Name: N Oceanshore Blvd suite B
  • Escrow Street Number: 5182
  • Floor Number: 5
  • List Office Head Office Key Nume: 579203020
  • Minimum Lease: No Minimum
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 498.75
  • Unit Number YN: 0
  • Water Access YN: 1
  • Other Fees Amount: 452
  • Condo Fees Term: Monthly
  • Planned Unit Development Yn: 1
  • Property Description: Corner Unit,End Unit,Mid Rise
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 6
  • Window Features: Blinds, Double Pane Windows, Impact Glass/Storm Windows
  • Street Number Modifier: 500
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 186.08
  • Room Count: 8

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Balcony, Irrigation System, Sliding Doors, Storage
  • Roof: Tile
  • Pool Private: No
  • View: Golf Course, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Porch, Rear Porch
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Condominium Disclosure Available
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 112
  • Flood Zone Date: 2018-06-06
  • Flood Zone Panel: 12035C0131E
  • Water Frontage Feet Gulf Ocean: 112

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Ground Level, Under Building

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Clubhouse, Fitness Center, Gated, Golf Carts OK, Golf, Pool, Restaurant, Sidewalks, Water Access, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Recreation Facilities, Security, Spa/Hot Tub, Storage
  • Association Fee: 475
  • Association Fee Frequency: Quarterly
  • Association Name: May Management
  • Phone: 386-446-0085
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Complex Community Name Nccb: CINNAMON BEACH
  • Association Fee Requirement: Required
  • Building Name Number: 500
  • Condo Fees: 685
  • Condo Land Included YN: 0
  • Max Pet Weight: 999
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 685
  • Development: Cinnamon Beach

Fee Information

  • Total Annual Fees: 11928.00
  • Total Monthly Fees: 994.00
  • Other Fees Term: Quarterly
  • Monthly HOA Amount: 158.33

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3513-00000-0455
  • Additional Parcels: No
  • Lot Features: On Golf Course, Private, Paved, Private
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 1212

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 7694.32
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Lot: 0
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Jun 8, 2023
Sold by
Larison Michael and Larison Belinda
Bought by
Goss Shirley Brown and Goss Edward M
Seller's Agent
Carlene Reardon
COASTAL GATEWAY REAL ESTATE GR
Buyer's Agent
Carlene Reardon
COASTAL GATEWAY REAL ESTATE GR
List Price
$999,000
Sold Price
$999,000
Total Days on Market
7
Views
38
Current Estimated Value
$954,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,094
Avg. Annual Appreciation
-2.37%
Original Mortgage
$799,200
Outstanding Balance
$782,847
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$172,059

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 31, 2017
Sold by
Sowell Paul F and Alderman Candy
Bought by
Larison Michael and Larison Belinda
Seller's Agent
Luke Oreilly
Hammock Real Estate Group
Buyer's Agent
Luke Oreilly
Hammock Real Estate Group
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%

Purchase Details

Listed on
May 1, 2012
Closed on
Apr 15, 2013
Sold by
Bailey John W and The John W Bailey Revocable Tr
Bought by
Sowell Paul F and Alderman Candy
Seller's Agent
Luke O'Reilly
CINNAMON BEACH REALTY
Buyer's Agent
Non-Member FLG (Reciprocal 1)
NON-MLS OFFICE
List Price
$689,000
Sold Price
$593,000
Premium/Discount to List
-$96,000
-13.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.81%

Purchase Details

Closed on
Sep 26, 2007
Sold by
Bailey John W
Bought by
Bailey John W and The John W Bailey Revocable Tr

Purchase Details

Closed on
Jun 23, 2005
Sold by
Centex Homes
Bought by
Bailey John W

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goss Shirley Brown $999,000 Veterans Title
Larison Michael $575,000 Attorney
Sowell Paul F $593,000 None Available
Bailey John W -- None Available
Bailey John W $846,400 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goss Shirley Brown $799,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $999,000 0.0% $499 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/21/2023 03/21/23 Off Market $999,000 -- --
03/20/2023 03/20/23 For Sale $999,000 +73.7% $499 / Sq Ft
01/31/2017 01/31/17 Sold $575,000 0.0% $287 / Sq Ft
01/16/2017 01/16/17 Pending -- -- --
11/30/2016 11/30/16 For Sale $575,000 -3.0% $287 / Sq Ft
04/15/2013 04/15/13 Sold $593,000 -13.9% $296 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
04/30/2012 04/30/12 For Sale $689,000 -- $344 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $8,773 $762,300 -- $762,300
2023 $8,773 $512,435 $0 $0
2022 $7,694 $635,250 $0 $635,250
2021 $6,352 $423,500 $0 $423,500
2020 $6,448 $423,500 $0 $423,500
2019 $5,991 $387,500 $0 $387,500
2018 $5,865 $370,400 $0 $370,400
2017 $5,662 $394,192 $0 $0
2016 $5,650 $401,500 $0 $0
2015 $5,664 $383,400 $0 $0
2014 $5,774 $383,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: FC290012

Stellar MLS

APN: 04-11-31-3513-00000-0455