by Global Lifestyle Properties

See Home Value
Flagler 32137
54 OCEAN ST
$750,000
● House - Off Market

54 OCEAN ST

PALM COAST, FL 32137
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,639 Ft²
$4,943
Est. Monthly
2.25%
Cap Rate

About This Property

BACK ON MARKET DUE TO NO FAULT OF THE SELLER!

Custom-Built 5BR/5.5BA Luxury Home | 100 Yards to the Beach Walkover at the end of the street-Zoned for VACATION RENTAL!!!  Lavish Pool on the 2nd floor off the living room and kitchen | Elevator | Oversized Garage

Live the coastal dream in this one-of-a-kind custom-built beach house just 100 yards from the beach walkover in beautiful Palm Coast, Florida. Designed for those who crave sunshine, sand, and style, this immaculate home combines modern luxury with a laid-back beach lifestyle. This property can be AirBnB, Income projections available.

Lavish Second-Floor Pool with Southern Exposure - soak up the sun all day long in your private retreat!

Elevator to all three floors for easy access and convenience.

Massive Garage with built-in custom shelving and extra storage for beach gear, bikes, paddleboards, and more.

5 Spacious Bedrooms | ?? 5.5 Designer Bathrooms - plenty of space for family, guests, or a vacation rental.

Sustainable Cork Flooring throughout for comfort, beauty, and durability.

Heated Bathroom Floors and Floor-to-Ceiling Tile in every bathroom for spa-like luxury.

Central Vacuum System on all three floors for effortless cleaning.

Three-Zone A/C System - individual climate control for each floor.

Alarm System for peace of mind, whether you're home or away.

This is a one-owner home, crafted with care and meticulous attention to detail - the perfect blend of form, function, and coastal elegance. Wake up to sea breezes, stroll to the beach in minutes, relax in the sun-drenched pool, and entertain in style.

Whether you're seeking a full-time residence, vacation getaway, or investment property, this beachside gem checks all the boxes.

Nestled in a quiet, beachside neighborhood in Palm Coast with easy access to local restaurants, golf courses, and scenic coastal trails.

ATTENTION INVESTORS!!!! High-Income Luxury Short-Term Rental in Fast-Growing Coastal Market "The Hammock" best kept secret in Florida.

Located just steps from the sand in the highly desirable Hammock area of Palm Coast, this exceptional 5-bedroom, 5.5-bath coastal retreat at 54 Ocean St offers a rare combination of luxury, location, and proven income potential. Spanning over 3,600 sq ft, the home features a private pool, elevator, high-end finishes, and an unbeatable walk-to-beach location (~100 yards).

Positioned in one of the area's strongest vacation rental corridors near Ritz Carlton, Hammock Beach Golf Resort & Spa and Cinnamon Beach, the property is ideally suited for premium short-term rental performance. It's large footprint and high guest capacity makes it especially attractive for group and multi-family stays, supporting strong nightly rates and consistent occupancy.

Estimated average nightly rate: $450–$550  Peak season rates: $700  Potential gross annual income: $100,000-$125,000+

Zoned for short-term vacation rentals

This property sits in a rapidly growing coastal community, benefiting from increasing tourism demand and regional expansion along Florida's northeast coast. Within driving distance of major destination hubs including St. Augustine (~30–40 minutes) and Orlando (~60 minutes), providing access to world-famous historic attractions, entertainment, theme parks, and international air travel.

With a limited supply of large luxury beach homes in this corridor and steadily increasing demand, this asset is positioned for both strong cash flow and long-term appreciation.
Unit Size
3,639 Ft²
Days on Market
442 days
Land Size
0.21 acres
Price per sqft
$247
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
2007

Payment Calculator

Cap Rate Calculator

Last updated: 4 days ago (Stellar MLS #FC312117)

Price History

Date / Event Date Event Price
Nov 6, 2026 Sold
Sold
Oct 29, 2026 In contract -
In contract
Oct 27, 2026 Relisted $900,000
Relisted
Oct 1, 2026 In contract -
In contract
Sep 20, 2026 Relisted $900,000
Relisted
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Property Highlights

Elevator
Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 17
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,801
  • Total Building Area: 6,230
  • Gross Building Area: 6,230
  • Building Area: 3,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,638
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARINELAND ACRES
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: MARINELAND ACRES SUBD BLOCK 2 LOT 13 OR BOOK 61 PG 227 OR 174 PG 521 OR 440 PP 1781 & 1782 OR 629 PG 1912

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060106

Zoning

  • Zoning: R-1

Geography

  • Parcel: 17-10-31-4200-00020-0130
  • Block: 2
  • Lot: 13
  • Meridian: SEC 17 TWN 10S RNG 31E
  • Municipality: MARINELAND ACRES DRAINAGE
  • Latitude: 29.6312
  • Longitude: -81.1984

    Address

  • Full Address: 54 Ocean St
  • Address - House Number: 54
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: FL
  • City Name: Palm Coast
  • Carrier Code: R008
  • 4-Digit Zip Code: 2419
  • Zip Code: 32137

Valuation

    Tax

  • Total Area: 6,230
  • Tax Year: 2022
  • Tax Amount: $617,065
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.1166
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 87
  • Final Value: 1,347,280
  • High Value: 1,504,453
  • Low Value: 1,190,106

    Market Valuation

  • Market Total Value: $883,893
  • Market Land Value: $220,000
  • Market Improvement Value: $663,893

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $415,279

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 05, 1998
  • Current Sale Recording Date: Oct 09, 1998
  • Current Sale Price:
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Flagler


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 22 Atlantic Drive, FL, 32137

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,056 ft²
22 Atlantic Drive, FL, 32137 Listing by Edward Lang
Unit for rent at 13 Las Brisas Way, FL, 32137

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,216 ft²
13 Las Brisas Way, FL, 32137 Listing by Stephen Herold
Unit for rent at 35 Ocean Crest Way, FL, 32137

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,264 ft²
35 Ocean Crest Way #1124, FL, 32137 Listing by Kory Lostaglio


Frequently Asked Questions

When was property at 54 Ocean Street built and last sold?
The property at 54 Ocean Street was built in 2007 and last sold on Oct 5, 1998 for $49,000.
How much is this home worth?
The estimated value of the home located at 54 Ocean Street is $1,109,989.
What are some comparable homes to 54 Ocean Street?
There are currently no comparable homes to 54 Ocean Street.