by Global Lifestyle Properties

Check Availability
$375,000
● House - For Sale

11 RIDDLE DRIVE

PALM COAST, FL 32164
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,957 Ft²
$2,379
Est. Monthly

About This Property

Attention investors! Skip the vacancy, skip the renovations, and step directly into immediate cash flow with this tenant occupied income producing property at 11 Riddle Drive in Palm Coast. This spacious 5 bedroom, 3 bathroom home offers approximately 3,000 living square feet on just under a quarter acre lot and is already equipped with what every investor wants... built in income from day one.

This property comes with established tenants already in place under a current 2 year lease and is currently producing $3,000 per month in rental income, creating immediate cash flow without the hassle of vacancy, marketing, or tenant placement. Even better, the tenants have expressed interest in continuing their occupancy beyond the current lease term, providing strong long term stability potential for the next owner.

Built by Adams Homes, quality stands out immediately. Unlike many homes built with brick veneer accents, this home features true brick construction, offering durability, craftsmanship, timeless curb appeal, and the solid feel Adams Homes are known for.

Major capital improvements have already been taken care of, helping make this an attractive low maintenance investment opportunity for years to come. The home received a new architectural shingle roof in 2021 along with a new AC system and hot water heater in 2025, significantly reducing concerns over large ticket repair items and helping provide peace of mind for future ownership.

Beyond the immediate income opportunity, this property also offers future upside potential through equity growth and appreciation. As the Palm Coast market continues to develop and mature, investors have the opportunity to benefit not only from monthly cash flow, but also long term wealth building through future appreciation.

Whether you are looking to expand your portfolio, secure a long term hold, or add a strong performing asset with immediate income potential, this property checks all the boxes. Cash flowing opportunities with built in tenants, updated major systems, and long term upside do not come around often.

This could be the next cash cow your portfolio has been waiting for.
Unit Size
2,957 Ft²
Days on Market
133 days
Land Size
0.23 acres
Price per sqft
$127
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
2006

Listed By

TONY GARREN
TONY GARREN
RE/MAX SELECT PROFESSIONALS
P FARRELL
FLORIDA BEACHES REAL ESTATE COMPANY

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Last updated: 5 months ago (Stellar MLS #FC318586)

Price History

Date / Event Date Event Price
May 18, 2026 Listed by FLORIDA BEACHES REAL ESTATE $375,000
Listed by FLORIDA BEACHES REAL ESTATE
Nov 30, 2006 Sold
Sold
Jul 11, 2005 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: High Ceilings, Open Floorplan, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator
Flooring Type: Carpet, Linoleum
Laundry Features: Inside, Laundry Room
Rooms: 9
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Exterior Details
Square Footage: 2957
Square Footage Source: $0
Year Built: 2006
Builder Name: Adams Homes
Builder Model: 3000
Building Area Total: 3650
Levels: One
Other Structures: Shed(s)
Building Area Units: Square Feet
Window Features: Blinds
Construction Materials: Brick
Patio and Porch Features: Patio
Lot Features: City Lot, Landscaped, Level
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Tax Lot: 10
Water Source: Public
Financial Details
Tax Annual Amount: $6,444
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric, Heat Pump
Sewer : Holding Tank, Public Sewer

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,650
  • Gross Building Area: 3,650
  • Building Area: 2,957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,957
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM COAST
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: PALM COAST SECTION 31 BLOCK 00016 LOT 0010 SUBDIVISION OR 348 PG 754 OR 1280 PG 1249- 1250-ACM&DC OR 1280 PG 1252 OR 1511 PG 1403 OR 2241/615- TAYLOR TRUST

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060214

Zoning

  • Zoning: DPX

Geography

  • Section: 31
  • Parcel: 07-11-31-7031-00160-0100
  • Block: 16
  • Lot: 10
  • Meridian: SEC 07 TWN 11S RNG 31E
  • Municipality: CITY OF PALM COAST
  • Latitude: 29.501
  • Longitude: -81.2457

    Address

  • Full Address: 11 Riddle Dr
  • Address - House Number: 11
  • Address - Street Name: Riddle
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palm Coast
  • Carrier Code: R052
  • 4-Digit Zip Code: 6524
  • Zip Code: 32164

Valuation

    Tax

  • Total Area: 3,650
  • Tax Year: 2022
  • Tax Amount: $559,791
  • Tax Rate Code Area: 061

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 81
  • Final Value: 468,899
  • High Value: 540,234
  • Low Value: 397,564

    Market Valuation

  • Market Total Value: $339,003
  • Market Land Value: $44,500
  • Market Improvement Value: $294,503

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $339,003
  • Assessed Land Value: $44,500
  • Assessed Improvements Value: $294,503

    Sales

  • Current Sale Contract Date: Nov 10, 2006
  • Current Sale Recording Date: Nov 30, 2006
  • Current Sale Price:
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2006059021
  • Previous Sale Recording Date: Jul 11, 2005
  • Previous Sale Contract Date: May 12, 2005
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lehigh Woods


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Nearby Rentals

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$1,705 /mo

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9 Richard Place, PALM COAST, FL, 32164 Listing by Jessica Ennis
Unit for rent at 13 Zebulon Place, PALM COAST, FL, 32164

$1,930 /mo

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13 Zebulon Place, PALM COAST, FL, 32164 Listing by Jessica Ennis


Frequently Asked Questions

When was property at 11 Riddle Drive built and last sold?
The property at 11 Riddle Drive was built in 2006 and last sold on Nov 10, 2006 for $258,400.
How much is this home worth?
The estimated value of the home located at 11 Riddle Drive is $378,750.
What are some comparable homes to 11 Riddle Drive?
There are currently no comparable homes to 11 Riddle Drive.