$1,150,000
●
House -
Off Market
21 CINNAMON BEACH Way
Palm Coast, FL 32137
4 Beds
4 Baths
3,654 Ft²
$6,075
Est. Monthly
$427
HOA / Fees
1.80%
Cap Rate
About This Property
Make this former ICI model home your own vacation getaway or the
perfect gem in your investment portfolio. This home is located on
the 7th fairway of the Ocean Course at Hammock Beach. The 3rd floor
crows nest with almost 321 sq ft offers stunning views of the golf
course and some ocean views. The 1st floor features a large owners
suite, an office/bedroom and a family room with over 600 sq ft with
access to the outside oasis. Pocketing sliding glass doors
lead you to the pavered lanai with a summer kitchen and large spa.
The main living is located on the 2nd floor with the kitchen,
formal dining room, living room, guest bedroom and main owners
suite. The neighborhood of Cinnamon Beach includes a vast of
amenities that is included in the HOA fees.
Unit Size
3,654 Ft²
Days on Market
-
Land Size
-
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
$427
Year Built
2004
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #1097648)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2022 | Listed by COLDWELL BANKER REALTY | $1,430,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| | |||
|
Former ICI model home. Exquisite in every detail! BARELY LIVED IN SHOWS LIKE A MODEL HOME!This home is located on the 7th fairway of the Ocean Course at Hammock Beach.1st floor features LARGE owners suite with private en-suite bath. There is also a office/bedroom and a family room with over 600 sq ft with access to the outside oasis, pocketing sliding glass doors lead you to the pavered lanai with a summer kitchen and large spa/spool. The main living is located on the 2nd floor with the open kitchen, formal dining room, living room, guest bedroom and main owners suite, the beautiful kitchen has a deep pantry, center island for entertaining and is open to dining & living room with sliders to additional balcony where you have views of the water and golf course. .There is an extra office/flex space used with bunk beds now, for maximum guests! 3rd floor crows nest with 320 sq ft offers stunning views of the golf course and some ocean views.THIS HOME HAS BEEN METICULOUSLY MAINTAINED! The manager has listed the unit size as 3654 square feet.
| |||
| Feb 11, 2022 | Sold | ||
| Sold | |||
| Jan 7, 2022 | Listed by TRADEMARK REALTY GROUP LLC | $1,125,000 | |
| Listed by TRADEMARK REALTY GROUP LLC | |||
| | |||
|
This original ICI Modell Cinnamon Beach 2 story home is the perfect getaway or full time residence for anyone wanting to be just steps from the Atlantic coast . Enter into first floor foyer to open oversized family room. Pocket sliders off to tropical oasis & secluded patio with spa and summer kitchen. Master bedroom suites & bath on each floor w/ additional bedrooms to offer complete privacy for guests visiting. Beautiful kitchen w/ pantry, center island open to dining & living room with sliders to additional balcony. An extra office/flex space which can suite the family's needs. Enjoy spectacular sunsets at the end of the day with 320 sq ft of outdoor covered space on the 3rd floor crows nest. The neighborhood of Cinnamon Beach includes a vast of amenities that is included in the HOA fees. (Clubhouse, beach walkover, 2 pools w/ one on the ocean, hot tubs, kiddie pool & splash zone, grille/bar restaurant, adult and children's game rooms and fitness center) Original owner & never been
| |||
| Oct 8, 2021 | No longer available | - | |
| No longer available | |||
| Oct 7, 2021 | Listed by MCLAUGHLIN REALTY CORPORATION | $1,200,000 | |
| Listed by MCLAUGHLIN REALTY CORPORATION | |||
| | |||
|
As you step into this lovely, inviting beach side community home, you are enveloped with peace and calm. The foyer leads you into the LARGE family room with sliding glass pocket doors which open to the lanai. The lanai features a summer kitchen, spa and is surrounded on 2 sides with privacy shrubs. Also on 1st floor is an owners suite with 2 closets as you enter the spacious bathroom. Another bedroom with a built-in desk/drawers that could also be used as an office. Laundry room has plenty of cabinets/counter space and closet. 2nd floor you will find the beautifully done kitchen with double oven and pantry. Dining area looks out over balcony with views of the lake and golf course. Livingroom, Dining room, reading nook, 3rd bedroom and bath, another owners suite! Then on up the stairs to the third story crows nest with amazing views of water and golf course. Amenities include club house, hot tub, pool overlooking lake, another overlooking ocean, kiddie pool, splash zone, restaurant The manager has listed the unit size as 3654 square feet.
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Building Info
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About Flagler
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Listed by: TERESA BROWN, REMAX SELECT PROFESSIONALS
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1097648
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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1097648
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