11 Riddle Dr Palm Coast, FL 32164
Estimated payment $2,566/month
Highlights
- Open Floorplan
- Vaulted Ceiling
- No HOA
- Living Room with Fireplace
- Main Floor Primary Bedroom
- 2 Car Attached Garage
About This Home
Attention investors! Skip the vacancy, skip the renovations, and step directly into immediate cash flow with this tenant occupied income producing property at 11 Riddle Drive in Palm Coast. This spacious 5 bedroom, 3 bathroom home offers approximately 3,000 living square feet on just under a quarter acre lot and is already equipped with what every investor wants... built in income from day one. This property comes with established tenants already in place under a current 2 year lease and is currently producing $3,000 per month in rental income, creating immediate cash flow without the hassle of vacancy, marketing, or tenant placement. Even better, the tenants have expressed interest in continuing their occupancy beyond the current lease term, providing strong long term stability potential for the next owner. Built by Adams Homes, quality stands out immediately. Unlike many homes built with brick veneer accents, this home features true brick construction, offering durability, craftsmanship, timeless curb appeal, and the solid feel Adams Homes are known for. Major capital improvements have already been taken care of, helping make this an attractive low maintenance investment opportunity for years to come. The home received a new architectural shingle roof in 2021 along with a new AC system and hot water heater in 2025, significantly reducing concerns over large ticket repair items and helping provide peace of mind for future ownership. Beyond the immediate income opportunity, this property also offers future upside potential through equity growth and appreciation. As the Palm Coast market continues to develop and mature, investors have the opportunity to benefit not only from monthly cash flow, but also long term wealth building through future appreciation. Whether you are looking to expand your portfolio, secure a long term hold, or add a strong performing asset with immediate income potential, this property checks all the boxes. Cash flowing opportunities with built in tenants, updated major systems, and long term upside do not come around often. This could be the next cash cow your portfolio has been waiting for.
Listing Agent
FLORIDA BEACHES REAL ESTATE Brokerage Phone: 386-986-6744 License #3210657 Listed on: 05/18/2026
Co-Listing Agent
FLORIDA BEACHES REAL ESTATE Brokerage Phone: 386-986-6744 License #3258699
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,444
Year Built
- Built in 2006
Lot Details
- 10,019 Sq Ft Lot
- Southwest Facing Home
- Landscaped
- Level Lot
- Irrigation Equipment
- Property is zoned DPX
Parking
- 2 Car Attached Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2,957 Sq Ft Home
- Open Floorplan
- Tray Ceiling
- Vaulted Ceiling
- Wood Burning Fireplace
- Blinds
- Living Room with Fireplace
- Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Wood Cabinet
- Disposal
Flooring
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
Outdoor Features
- Patio
- Shed
- Private Mailbox
Schools
- Rymfire Elementary School
- Indian Trails Middle-Fc School
- Matanzas High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Thermostat
- Electric Water Heater
- Sewer Holding Tank
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Built by Adams Homes
- Palm Coast Sec 31 Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 10 / 16
- Assessor Parcel Number 07-11-31-7031-00160-0100
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,190 | $354,580 | $53,500 | $301,080 |
| 2023 | $5,953 | $303,312 | $0 | $0 |
| 2022 | $5,598 | $339,003 | $44,500 | $294,503 |
| 2021 | $4,937 | $260,346 | $20,000 | $240,346 |
| 2020 | $4,508 | $227,883 | $15,000 | $212,883 |
| 2019 | $4,511 | $226,183 | $13,300 | $212,883 |
| 2018 | $4,171 | $204,707 | $10,925 | $193,782 |
| 2017 | $3,909 | $191,696 | $8,550 | $183,146 |
| 2016 | $3,567 | $174,927 | $0 | $0 |
| 2015 | $3,556 | $173,120 | $0 | $0 |
| 2014 | $2,127 | $143,203 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | For Sale | $375,000 | 0.0% | $127 / Sq Ft |
| 09/16/2022 09/16/22 | Rented | $2,200 | 0.0% | -- |
| 08/29/2022 08/29/22 | For Rent | $2,200 | -8.3% | -- |
| 08/23/2022 08/23/22 | Rented | $2,400 | 0.0% | -- |
| 08/01/2022 08/01/22 | For Rent | $2,400 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Corporate Deed | $258,400 | Attorney | |
| Warranty Deed | $124,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,720 | Unknown |
Source: Stellar MLS
MLS Number: FC318586
APN: 07-11-31-7031-00160-0100
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.