$309,000
$20K PRICE DROP

8 Cinnamon Beach Way Palm Coast, FL 32137

Estimated payment $2,157/month

Total Views 2,873
0.15 Acre
$2,060,000 Price per Acre
6,403 Sq Ft Lot

Highlights

  • Community Beach Access
  • Lake Front
  • Fitness Center
  • Old Kings Elementary School Rated A-
  • Golf Course Community
  • Gated Community

About This Lot

Build your dream home! 8 Cinnamon Beach Way is located in a unique gated oceanfront community in Palm Coast, Florida, where short-term rentals are permitted—perfect for generating income or enjoying a seasonal retreat.

Situated beside the lake, this lot offers exceptional views of both the tranquil water and the beautifully maintained neighborhood. Cinnamon Beach is renowned for its exceptional amenities, including direct ocean access, an oceanside pool, a lakeside pool, a kid-friendly pool, splash park, state-of-the-art gym, and game room. This vibrant and welcoming community truly offers a resort-style lifestyle.

Additionally, with a separate membership, owners gain access to the Hammock Beach Resort, home to a world-renowned golf course and premier facilities. Don't miss your chance to build your dream home or investment property in this remarkable community!

This property is a great opportunity for real estate investors or part time residents as Cinnamon Beach allows short term rentals.

Listing Agent

Laura Castro Mora

REALTY EXECUTIVES OCEANSIDE Brokerage Phone: 386-506-8008 License #3433592

REALTY EXECUTIVES OCEANSIDE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,455

Lot Details

  • 6,403 Sq Ft Lot
  • Lot Dimensions are 50x128x50x120
  • Lake Front
  • Level Lot
  • Cleared Lot
  • Property is zoned PUD

HOA Fees

Schools

  • Belle Terre Elementary School
  • Indian Trails Middle-Fc School
  • Matanzas High School

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Lake Views
  • Reclaimed Water Irrigation System
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 45 / 10
  • Assessor Parcel Number 04-11-31-3512-00010-0450

Community Details

Overview

  • Association fees include pool, ground maintenance, management, recreational facilities, security, trash
  • $160 Other Monthly Fees
  • May Management Association
  • Cinnammon Beach Condos
  • Ocean Hammock Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to allowable golf cart usage in the community

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Golf Course Community
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa
  • Access To Lake

Security

  • Security Guard
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,455

Lot Details

0

HOA Fees

$231 per month

Listing Details

  • HOA Fee Includes: Pool, Maintenance Grounds, Management, Recreational Facilities, Security, Trash
  • Property Type: Land
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6403
  • Directions to Property: I95 N, east on 289, right on Osprey way, left on Ocean Way BLVD, left on Cinnamon Beach Way
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 552237991
  • RATIO Current Price By Calculate: 48.26
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Other Fees Amount: 480
  • Condo Fees Term: Quarterly
  • Amenities Additional Fees: Th HOA fee includes landscape and irrigation maintenance.
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Gulf/Ocean Front,Water Access
  • Attribution Contact: 386-506-8008
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 8

Exterior Features

  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Lake
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Price Per Acre: 2060000

Utilities

  • Utilities: BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Beach Area, Fitness Center, Gated Community - Guard, Golf Carts OK, Golf, Irrigation-Reclaimed Water, Pool, Sidewalks
  • Association Amenities: Clubhouse, Fitness Center, Gated, Pool, Recreation Facilities, Security, Spa/Hot Tub
  • Association Fee: 201
  • Association Fee Frequency: Quarterly
  • Association Name: May Management
  • Association: Yes
  • Security: Gated Community
  • Association 2 YN: 0
  • Complex Community Name Nccb: CINNAMMON BEACH
  • Association Fee Requirement: Required
  • Condo Fees: 492
  • Monthly Condo Fee Amount: 164
  • Development: Ocean Hammock

Fee Information

  • Total Annual Fees: 4692.00
  • Total Monthly Fees: 391.00
  • Other Fees Term: Quarterly
  • Monthly HOA Amount: 67.00

Schools

  • Elementary School: Belle Terre Elementary
  • High School: Matanzas High
  • Middle Or Junior School: Indian Trails Middle-FC

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3512-00010-0450
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Cleared, Filled, Level, Near Golf Course, Retention Pond, Street Lights, Paved
  • Lot Dimensions: 50x128x50x120
  • Flood Zone Code: X
  • Lot Size Square Meters: 595
  • Current Adjacent Use: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 2454.85
  • Tax Block: 10
  • Tax Book Number: 3512
  • Tax Lot: 45

Multi Family

  • Waterfront Features: Lake Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,157 $165,920 $165,920 --
2023 $3,157 $213,500 $213,500 $0
2022 $2,114 $187,000 $187,000 $0
2021 $1,642 $106,500 $106,500 $0
2020 $1,666 $106,500 $106,500 $0
2019 $1,797 $113,500 $113,500 $0
2018 $1,784 $110,000 $110,000 $0
2017 $1,755 $110,000 $110,000 $0
2016 $1,696 $95,832 $0 $0
2015 $1,636 $87,120 $0 $0
2014 $1,454 $90,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Price Changed $309,000 -6.1% --
01/28/2025 01/28/25 For Sale $329,000 +19.6% --
05/02/2022 05/02/22 Sold $275,000 -6.8% --
03/23/2022 03/23/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $295,000 -- --
Source: Stellar MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $275,000 New Title Company Name
Warranty Deed $180,000 Title Chain Inc
Interfamily Deed Transfer -- Attorney
Warranty Deed $335,000 --
Warranty Deed $184,000 --
Deed $217,900 --
Warranty Deed $169,900 --
Warranty Deed $230,900 --
Warranty Deed $102,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $301,500 Fannie Mae Freddie Mac
Previous Owner $151,900 No Value Available
Previous Owner $188,720 No Value Available
Previous Owner $91,900 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: FC306880

Stellar MLS

APN: 04-11-31-3512-00010-0450