700 Cinnamon Beach Way Unit 624 Palm Coast, FL 32137
Estimated payment $7,024/month
Total Views
1,441
3
Beds
2
Baths
1,682
Sq Ft
$534
Price per Sq Ft
Highlights
- Community Beach Access
- Ocean Front
- Fitness Center
- Old Kings Elementary School Rated A-
- Golf Course Community
- Gated with Attendant
About This Home
**Turnkey Investment Opportunity - Fully Furnished 3-Bed/2-Bath Condo with direct ocean views from the private balcony. This *rental-ready*, fully furnished unit is an investor's dream or the perfect seasonal retreat. Located in the coveted Cinnamon Beach community, this spacious maintenance free residence features modern luxury wood-look tile floors in main living areas, sleek black appliances, granite countertops, and a convenient breakfast bar in the kitchen. The open living area is ideal for unwinding after a day at the beach, with sliding doors leading to an oversized oceanfront balcony overlooking the adjacent beach walkway, well manicured dunes, white sand beach and relaxing sounds of the ocean surf! Enjoy morning coffee on the balcony or take a short stroll via a private walkway to the beach. The master suite boasts ocean views, balcony access, dual walk-in closets, a garden tub, and a separate tiled shower. Recent updates include new windows, fresh paint, plantation shutters, and appliances (all replaced in 2023). A new AC and water heater were installed in 2021. The Cinnamon Beach community offers exceptional amenities: manned guard gated access, well appointed Lakeside clubhouse with a lakeside pool, kids slide and splash pad, fitness center, game room, grill and bar, adult lounge and onsite management staff. A second ocean front pool offering lap lanes, plenty of pool side lounge area, seating areas for relaxing sea-side or visiting and an oceanside grill all designed for guests and residents over 18. 2024 revenue - $44,676 in revenue, $301.86 avg nightly rate & 148 stays, this condo is a proven income generator with an easy 3-night minimum rental stay policy. *Unit was used part-time as a second home. Additional perks include underground parking for owners (permit required), a storage cage for bikes, recreation & outdoor beach gear, and easy access to Flagler Beach. Full memberships to the Ocean Hammock Club and golf are available for purchase.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,548
Year Built
- Built in 2004 | Remodeled
Lot Details
- Ocean Front
- East Facing Home
HOA Fees
Parking
- 2 Car Garage
- Additional Parking
- Assigned Parking
- Community Parking Structure
Home Design
- Concrete Siding
- Stucco
Interior Spaces
- 1,682 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Family Room
- Dining Room
- Tile Flooring
- Ocean Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub With Separate Shower Stall
Laundry
- Dryer
- Front Loading Washer
Home Security
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 0411313513000000624
Community Details
Overview
- Association fees include ground maintenance, pest control, security, trash
- Cinnamon Beach At Ocean Hammock Association, Phone Number (386) 986-2299
- Ocean Hammock Subdivision
- On-Site Maintenance
Amenities
- Community Barbecue Grill
- Clubhouse
- Elevator
Recreation
- Community Beach Access
- Golf Course Community
- Community Playground
- Fitness Center
- Community Spa
- Children's Pool
- Jogging Path
Security
- Gated with Attendant
- Fire and Smoke Detector
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 |
|---|---|---|---|---|
| 2024 | $9,548 | $697,500 | -- | $697,500 |
| 2023 | $9,548 | $639,375 | $0 | $0 |
| 2022 | $8,419 | $581,250 | $0 | $581,250 |
| 2021 | $5,817 | $387,500 | $0 | $387,500 |
| 2020 | $5,905 | $387,500 | $0 | $387,500 |
| 2019 | $5,991 | $387,500 | $0 | $387,500 |
| 2018 | $5,850 | $369,400 | $0 | $369,400 |
| 2017 | $5,790 | $362,800 | $0 | $0 |
| 2016 | $5,908 | $362,800 | $0 | $0 |
| 2015 | $5,680 | $345,500 | $0 | $0 |
| 2014 | $5,639 | $345,500 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2024 10/21/24 | Price Changed | $899,000 | +0.1% | $534 / Sq Ft |
| 10/21/2024 10/21/24 | For Sale | $898,000 | +28.3% | $534 / Sq Ft |
| 12/17/2023 12/17/23 | Off Market | $700,000 | -- | -- |
| 02/22/2023 02/22/23 | Sold | $700,000 | -12.5% | $416 / Sq Ft |
| 01/27/2023 01/27/23 | Pending | -- | -- | -- |
| 10/28/2022 10/28/22 | For Sale | $800,000 | +8.7% | $476 / Sq Ft |
| 12/23/2021 12/23/21 | Sold | $736,000 | +0.1% | $438 / Sq Ft |
| 11/24/2021 11/24/21 | Pending | -- | -- | -- |
| 11/18/2021 11/18/21 | For Sale | $735,000 | +78.0% | $437 / Sq Ft |
| 05/10/2017 05/10/17 | Sold | $413,000 | -2.8% | $246 / Sq Ft |
| 04/30/2017 04/30/17 | Pending | -- | -- | -- |
| 01/11/2017 01/11/17 | For Sale | $425,000 | -- | $253 / Sq Ft |
Source: realMLS (Northeast Florida Multiple Listing Service)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $736,000 | Select Title | |
| Warranty Deed | $195,000 | Covenant Closing & Title Svc | |
| Warranty Deed | $295,000 | Suncoast Title Insurance Age | |
| Condominium Deed | $493,900 | Commerce Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $560,000 | New Conventional | |
| Previous Owner | $543,750 | New Conventional | |
| Previous Owner | $170,690 | Credit Line Revolving | |
| Previous Owner | $393,310 | Purchase Money Mortgage | |
| Closed | $50,300 | No Value Available |
Source: Public Records
Similar Homes in Palm Coast, FL
Source: realMLS (Northeast Florida Multiple Listing Service)
MLS Number: 2052922
APN: 04-11-31-3513-00000-0624
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
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