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23 WATERMILL PLACE
About This Property
Step inside and immediately appreciate the open-concept layout featuring fresh interior paint, updated laminate flooring, and a bright, spacious feel throughout. The updated kitchen is sure to impress with 36-inch solid wood cabinets with crown molding, granite countertops, and plenty of storage and workspace. The expansive living and dining room combination creates an inviting space perfect for entertaining or relaxing.
The ideal split floor plan provides privacy for both bedrooms. The primary suite features new carpet, a walk-in closet, and a beautifully renovated bathroom complete with a new vanity, toilet, tile flooring, and tiled shower. The spacious guest bedroom also offers new carpet and includes a built-in wall safe for valuables. The guest bathroom has been tastefully updated with a granite vanity, new tile flooring, and a tiled shower/tub combo.
Enjoy Florida living from the large screened-in patio accessed through a newer sliding glass doors, overlooking the huge partially fenced backyard with peaceful reserve views on two sides for added seclusion.
This home also offers peace of mind with numerous major updates already completed, including a new roof and water heater in 2022, new driveway in 2024, A/C in 2018, new windows and sliders in 2010, plus gutters and updated LED lighting throughout. The freshly painted garage floor adds a clean finishing touch, and the washer and dryer are included with the sale.
Move-in ready and centrally located in the heart of Palm Coast close to shopping, dining, golf, parks, and the beaches - this one is a must-see! ***Make sure to watch the virtual tour which includes a walkthrough video***
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Price Decreased |
$259,900
↓ $9K
(3.4%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by REALTY EXCHANGE, LLC | $269,000 | |
| Listed by REALTY EXCHANGE, LLC | |||
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About Pine Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017