22 Emerald Lake DRIVE
About This Property
When you buy land in Palm Coast Plantation it's an entry into a lifestyle where luxury, active living, and nature's beauty intersect. The community is a sanctuary for wildlife while offering an array of world-class amenities. Stay fit doing water aerobics in the resort-style pool, workout in the gym, walk the trail, or hit the tennis/pickleball courts. Get in a game of bocce, shuffleboard, horseshoes,or basketball. The clubhouse is the site of many activities and has a game room with a billiard table. Fish off the ICW pier or launch your kayak to be closer to nature. The community's allure extends with a private boat ramp and dock, granting effortless access to Emerald Lake. RV and boat storage further enhance the convenience for avid adventurers.
With no city taxes, no CDDs, and a value that exceeds expectations, this property in Palm Coast Plantation is an unparalleled opportunity to savor the best of coastal living. The location is unique just minutes from charming Flagler Beach with great restaurants and live music. Enjoy small town living while being tucked between Daytona and St Augustine and only an hour away from Jacksonville and Orlando.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Listed by COLDWELL BANKER PREMIER PROPERTIES (HAMMOCK) | $199,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES (HAMMOCK) | |||
| Aug 26, 2020 | Sold | ||
| Sold | |||
| Jul 28, 2020 | No longer available | - | |
| No longer available | |||
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About Flagler
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017