23
Map
$380,000
↓ $10K (2.6%)
●
House -
For Sale
38 RED MILL DRIVE
PALM COAST, FL 32164
4 Beds
3 Baths
2,976 Ft²
$2,406
Est. Monthly
About This Property
Rare opportunity! This beautifully maintained almost 3,000 sq ft,
4-bed, 3-bath brick home offers an exceptional chance to assume a
2.625% conventional loan for qualified buyers, an unbeatable value
in today's market. Situated on a generous lot with NO HOA, this
property gives you the freedom to live your way. Inside, enjoy a
bright, open layout with spacious living areas, a well-equipped
kitchen, and a split floor plan that provides privacy for family or
guests. The primary suite features a comfortable retreat with an
ensuite bath, while the additional bedrooms offer flexibility for
an office or multigenerational living. Solid brick construction,
convenience to daily amenities, and true move-in readiness make
this home a standout for buyers seeking space, stability, and
long-term affordability.
Unit Size
2,976 Ft²
Days on Market
198 days
Land Size
0.23 acres
Price per sqft
$128
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
2005
Listed By
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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: 5 months ago (Stellar MLS #FC316845)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Price Decreased |
$380,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by LPT REALTY, LLC | $400,000 | |
| Listed by LPT REALTY, LLC | |||
| Nov 20, 2025 | Listed by LPT REALTY LLC | $400,000 | |
| Listed by LPT REALTY LLC | |||
   | |||
|
Rare opportunity! This beautifully maintained almost 3,000 sq ft, 4-bed, 3-bath brick home offers an exceptional chance to assume a 2.625% conventional loan for qualified buyers, an unbeatable value in today's market. Situated on a generous lot with NO HOA, this property gives you the freedom to live your way. Inside, enjoy a bright, open layout with spacious living areas, a well-equipped kitchen, and a split floor plan that provides privacy for family or guests. The primary suite features a comfortable retreat with an ensuite bath, while the additional bedrooms offer flexibility for an office or multigenerational living. Solid brick construction, convenience to daily amenities, and true move-in readiness make this home a standout for buyers seeking space, stability, and long-term affordability.
| |||
| Feb 3, 2023 | Listed by ROBERT SLACK, LLC. | $485,000 | |
| Listed by ROBERT SLACK, LLC. | |||
| | |||
|
Home, Sweet Home! This Palm Coast brick beauty boasts almost 3000ft2 and features 4 bedrooms and 3 FULL bathrooms. The open spacious floor plan comfortably flows and offers tons of possibilities - including a formal second dining area that would be a perfect playroom/activity space! You can't miss the convenient walk in pantry off of the kitchen - leading right into your indoor laundry room. The owner's suite is oversized and has an attached office space perfect for privacy while working from home. Owner's bathroom includes dual vanities and his and hers walk in closets - no fighting for closet space here! Tile throughout the entire home ensures easy and quick cleaning leaving you more time to enjoy the awesome backyard. Fully fenced and oversized - you have plenty of room for a pool, trampoline, fire pit, Summer kitchen...why choose when you can fit them all? Or if you prefer an indoor/outdoor space, take advantage of the garage door sliding screen doors and turn your garage into a perfect patio hang out. Schedule your showing today!
| |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Open Floorplan
Appliances: Convection Oven, Dishwasher, Electric Water Heater, Microwave, Refrigerator
Flooring Type: Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 5
Exterior Details
Square Footage: 2976
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 2005
Building Area Total: 3652
Levels: One
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Tax Lot: 20
Water Source: Public
Financial Details
Tax Annual Amount: $6,477
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lehigh Woods
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,980 /mo
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$2,000 /mo
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Listed by: Christopher Snow
LPT REALTY, LLC
Last Updated: 5 months ago
Data Source: Stellar MLS, MLS# FC316845
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. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
LPT REALTY, LLC
Last Updated: 5 months ago
Data Source: Stellar MLS, MLS# FC316845
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017