5638 PALM Avenue
About This Property
With 5 bedrooms, 3 full baths, and 2,280 square feet built on a 32 x 76 footprint, this home delivers the kind of space and craftsmanship that makes buyers do a double take when they find out what they are looking at. Tape and texture drywall throughout gives it that solid, custom built feel from the moment you walk in. No hollow walls, no shortcuts. Just a home that feels like a home. The kitchen is a showstopper. Eastern White Oak cabinetry surrounds the perimeter while Fine Walnut anchors the island, topped with white Carrara countertops and a full appliance package including a 22 cubic foot side by side refrigerator with ice and water, smooth top range, and dishwasher. Ceiling beams run through the living room, can lighting throughout, and 8 foot flat ceilings make every room feel open and elevated.
The master suite is where this home truly separates itself. The glamour bath features a standalone soaking tub, a stunning 60 inch tiled Duma shower, 36 inch high dual sink vanities, ceramic backsplash, and mirror trim throughout. This is the kind of primary bath you find in homes at twice the price point.
With a full third bathroom added, every guest and family member has their own space. The fifth bedroom with its own bath gives you the flexibility for multi-generational living, a private guest suite, or a home office setup that actually works.
Outside you will find board and batten Carbon columns, a dormer, Rustic Black roof, white vinyl lap siding with quarter inch backer, OSB wrap, Brand New Gutters, and Wind Zone 2 construction. This home is built to last and built to handle Florida weather.
All of this sits on 1.14 private acres with no HOA giving you the space and freedom to make it truly yours. Brand new well, brand new septic, and brand new everything from the ground up. First time set. Never lived in. Move in ready. Zoned for Bunnell Elementary School in Flagler County. Easy access to US-1, SR-100, and I-95.
Some photos have been virtually staged to illustrate the potential use of space. Furnishings and decor shown are for illustrative purposes only and may not represent the current condition of the home. Survey on file.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$340,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Aug 24, 2026 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Aug 5, 2026 | Listed by PURSUIT REAL ESTATE, LLC | $349,900 | |
| Listed by PURSUIT REAL ESTATE, LLC | |||
| Apr 7, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017