15 CINNAMON BEACH Way
About This Property
Discover a rare opportunity to create your custom coastal retreat on this premier homesite, perfectly positioned along the 7th fairway of the Jack Nicklaus Signature Ocean Course. Located within the private, gated community of Cinnamon Beach at Ocean Hammock, this property offers the ideal blend of golf and ocean living.
Just a short stroll brings you to miles of pristine shoreline, where sunrises over the Atlantic and salty ocean breezes set the tone for a life of relaxation and luxury. Residents enjoy an impressive collection of amenities, including two resort-style pools, a state-of-the-art fitness center, clubhouse with cafe, game room, business center, and a seasonal bar & grill. Families will love the dedicated kids' splash zone and waterpark, while everyone can enjoy direct private beach access steps away.
Set among lush tropical landscaping and manicured grounds, this lot offers the perfect backdrop for your custom coastal design. Whether building a full-time residence, a vacation getaway, or an income-producing rental, Cinnamon Beach's strong rental program and prime location make this an outstanding investment.
This is more than a lotit's the gateway to an unmatched lifestyle of golf, ocean, and resort-style living in Palm Coast's most sought-after community.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017