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2559 PALM AVENUE
About This Property
Elegant living spaces flow effortlessly to multiple private balconies where you can enjoy serene views of both the woods and the water. Here, you'll finally find a home that truly has room for your family's lifestyle, your hobbies, and all the things that matter most.
Outdoor living takes center stage with a full outdoor kitchen overlooking the sparkling custom pool-perfect for weekend gatherings or quiet evenings at home. Upstairs, a huge entertainment room offers a breathtaking retreat, featuring elevated views of the water and sky. Unwind by the fireplace as you watch the boats drift by or enjoy the stars from your private vantage point.
Set just moments from a pristine estuary, this home enjoys one of Flagler County's rarest natural settings. Very few homes in the area are positioned near an estuarine environment, where protected waters, sweeping natural views, and abundant wildlife come together to create a truly exceptional backdrop. Gentle coastal breezes, calm waterways ideal for kayaking and paddleboarding, and the surrounding conservation areas all contribute to a level of peace and privacy that is increasingly hard to find in Florida.
A rare blend of luxury, functionality, and unforgettable surroundings-this home delivers it all.
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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 |
|---|---|---|---|
| Nov 21, 2025 | Listed by ENGEL VOLKERS PALM COAST | $2,200,000 | |
| Listed by ENGEL VOLKERS PALM COAST | |||
| Jul 13, 2021 | Sold | ||
| Sold | |||
| Jun 10, 2021 | Sold | ||
| Sold | |||
| Jun 20, 2019 | Listed by THE SELBY GROUP, INC. | $199,900 | |
| Listed by THE SELBY GROUP, INC. | |||
| | |||
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Waterfront lot ready to build in beautiful Cedar Island. Located on Mirror Lake with direct access to ICW! Short walk to Intracoastal water way and easy bike ride to the Beach. Perfect location to build your dream home! No survey on file. Can not build dock prior to building home. No time restrictions on building.
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| Apr 29, 2019 | No longer available | - | |
| No longer available | |||
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About Flagler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017