NOT LISTED FOR SALE

5 Ocean Ridge Blvd Palm Coast, FL 32137

Estimated Value: $656,000 - $861,368

0.23 Acre
$3,298,626 Price per Acre
9,975 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $805,000 $68 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,871/month

93 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Gated Community
  • Security Service
  • Old Kings Elementary School Rated A-
  • Interior Lot

About This Lot

As of December 2021

The beauty of the ocean and sunrises will be enjoyed from this beautiful oceanfront lot in the Ocean Hammock development. With 70 feet facing the ocean, a multi story home can be built with views of the sunsets as well. The lot is high and dry and ready for building. Ocean Hammock is a unique community nestled between the fairways of the Jack Nicklaus golf course and the Atlantic Ocean. Hammock Beach Resort is a five star resort located north of property and has a spectacular spa, a fantasy pool complex, weekly music and five star restaurants. Membership to the Hammock Beach Club is available to enjoy golf at both the Jack Nicklaus Ocean Course and the Tom Watson Conservatory Course. Come see this quiet side of Florida and enjoy the beauty of nature surrounding you!

Last Agent to Sell the Property

CORNELIA DOWNING MANFRE

ONE SOTHEBYS INTERNATIONAL License #3008604 Listed on: 08/11/2021

ONE SOTHEBYS INTERNATIONAL

Co-Listed By

Johanna Sawdai

ONE SOTHEBYS INTERNATIONAL License #684946

ONE SOTHEBYS INTERNATIONAL

Last Buyer's Agent

Johanna Sawdai

ONE SOTHEBYS INTERNATIONAL License #684946

ONE SOTHEBYS INTERNATIONAL

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,995

Lot Details

  • 9,975 Sq Ft Lot
  • 70 Feet of Waterfront
  • Property fronts gulf or ocean
  • West Facing Home
  • Interior Lot
  • Cleared Lot
  • Property is zoned PUD PUD

Utilities

  • Underground Utilities
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-4900-00000-0460
  • $59 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • Ocean Hammock Poa, Phone Number (386) 446-0085
  • Ocean Hammock Condos
  • Ocean Hammock Subdivision
  • The community has rules related to building or community restrictions, deed restrictions

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$7,995

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 9975
  • Directions to Property: Hammock Dunes Parkway to entrance to Ocean Hammock. Continue on Hotel Trace Blvd, right onto Ocean Way Blvd., right onto Ocean Ridge Blvd, lot on the left.
  • Status: Sold
  • Co List Office Mls Id: MFR1371
  • Co List Office Phone: 386-276-9200
  • Escrow Street Name: 1 Armand Beach Dr., Palm Coast, FL 32137
  • RATIO Current Price By Calculate: 80.70
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Tax Year: 2020
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 5
  • Room Count: 0

Exterior Features

  • Direction Faces: West
  • Waterfront: Yes
  • Road Surface Type: Concrete
  • Water View YN: 1
  • Waterfront Feet Total: 70
  • Price Per Acre: 3500000

Utilities

  • Utilities: Cable Available, Sewer Available, Underground Utilities, Water Available
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Special Community Restrictions
  • Association Amenities: Gated, Security
  • Association Fee: 573
  • Association Name: Ocean Hammock POA
  • Phone: 386/446-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name Nccb: OCEAN HAMMOCK
  • Development: Ocean Ridge

Lot Info

  • Zoning: PUD PUD
  • Parcel Number: 04-11-31-4900-00000-0460
  • Current Use: Other
  • Lot Features: Cleared, Interior Lot
  • Lot Size Square Meters: 927

Tax Info

  • Tax Annual Amount: 7995
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Dec 9, 2021
Sold by
Morelli Alberta Trust
Bought by
Federico Jose Michanie Revocable Trust
Seller's Agent
CORNELIA DOWNING MANFRE
ONE SOTHEBYS INTERNATIONAL
Buyer's Agent
Johanna Sawdai
ONE SOTHEBYS INTERNATIONAL
List Price
$835,000
Sold Price
$805,000
Premium/Discount to List
-$30,000
-3.59%
Current Estimated Value
$758,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,316
Avg. Annual Appreciation
-1.52%

Purchase Details

Closed on
Jan 30, 2014
Sold by
Morelli Alberta and Morelli Frank
Bought by
Morelli Alberta and The Alberta Morelli Revocable Trust

Purchase Details

Closed on
Apr 2, 2007
Sold by
Gould Perry and Gould Stephanie
Bought by
Morelli Frank J and Morelli Alberta

Purchase Details

Closed on
Feb 28, 2005
Sold by
Barretti Philip J and Barretti Patricia
Bought by
Gould David and Gould Perry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 7, 2003
Sold by
Nordica Birds Inc
Bought by
Barretti Philip J and Barretti Patricia

Purchase Details

Closed on
Feb 18, 2000
Sold by
Lowe Ocean Hammock Ltd
Bought by
Nordica Birds Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Federico Jose Michanie Revocable Trust -- None Listed On Document
Morelli Alberta -- Attorney
Morelli Frank J -- Equity National Title Llc
Morelli Frank J $770,000 Equity National Title Llc
Gould David $1,100,000 --
Barretti Philip J $780,000 --
Nordica Birds Inc $549,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gould David $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $805,000 -3.6% $68 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $835,000 -- $70 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $10,317 $768,000 $768,000 --
2023 $10,317 $700,150 $0 $0
2022 $9,215 $636,500 $636,500 $0
2021 $8,046 $537,500 $537,500 $0
2020 $8,054 $530,000 $530,000 $0
2019 $8,707 $565,000 $565,000 $0
2018 $8,602 $545,000 $545,000 $0
2017 $8,668 $545,000 $545,000 $0
2016 $8,642 $522,500 $0 $0
2015 $7,790 $475,000 $0 $0
2014 $7,480 $450,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • CORNELIA DOWNING MANFRE

    Seller's Agent in 2021

    CORNELIA DOWNING MANFRE

    ONE SOTHEBYS INTERNATIONAL

    (386) 931-9256

    13 in this area

    15 Total Sales

    CORNELIA DOWNING MANFRE
    Section Image
  • Johanna Sawdai

    Seller Co-Listing Agent in 2021

    Johanna Sawdai

    ONE SOTHEBYS INTERNATIONAL

    (386) 569-3328

    75 in this area

    90 Total Sales

    Johanna Sawdai
    Section Image
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Map

Source: Stellar MLS

MLS Number: FC270142

Stellar MLS

APN: 04-11-31-4900-00000-0460

Florida Flagler County Palm Coast 32137

5 Ocean Ridge Blvd, Palm Coast, FL

This home is located at 5 Ocean Ridge Blvd, Palm Coast, FL 32137 since 11 August 2021 and is currently estimated at $758,684, approximately $63 per square foot. 5 Ocean Ridge Blvd is a home located in Flagler County with nearby schools including Old Kings Elementary School, Indian Trails Middle School, and Matanzas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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