$565,000
SOLD FEB 20, 2018

Ocean Hammock 500 Cinnamon Beach Way Unit 461 Palm Coast, FL 32137

3 Beds
3 Baths
2,003 Sq Ft
$857/mo HOA Fee

Recently Sold

$282 Per Sq Ft

6% Below List Price

57 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Fitness Center
  • Clubhouse
  • Old Kings Elementary School Rated A-
  • Gated Community
  • Sauna

About This Home

As of February 2018

Spectacular top-floor corner condo in the sought-after 500 building in Cinnamon Beach! Absolutely breathtaking views of the Atlantic Ocean and the 8th green of the famous Jack Nicklaus Signature Ocean Course from this magnificent 3 bedroom/3 bathroom residence. This penthouse-level condo features vaulted ceilings not found on other floors. Spacious floor plan is the largest in Cinnamon Beach. Bright, beachy design is perfect for the coast. Granite counters, custom backsplash in kitchen. This is one of only a handful of condos that offer extra windows along the side, allowing for lots of natural light. Massive open-air tiled balcony is the perfect place to take in the view! The 500 building is so desirable because it's the closest building to the ocean that also offers stunning golf course views, and the way that the building is angled results in this being the only building that allows for views up the coast! Walk to the beach, clubhouse, pools and more! Don't miss it!

Last Agent to Sell the Property

Luke O'Reilly

CINNAMON BEACH REALTY License #3171453 Listed on: 12/02/2017

Co-Listed By

Jason Massey

HAMMOCK REAL ESTATE GROUP License #3294658

Last Buyer's Agent

Dave Franklin

COASTAL GATEWAY REAL ESTATE GR License #3018235

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,451

Year Built

  • Built in 2005

Lot Details

  • End Unit
  • Irrigation Equipment

HOA Fees

Property Views

Home Design

  • Planned Development
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,003 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Security Gate

Parking

  • Driveway
  • On-Street Parking
  • Parking Garage Space

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3513-00000-0461
  • $59 per year additional tax assessments

Community Details

Overview

  • Association fees include 24-hour guard, insurance, maintenance structure, ground maintenance, pest control, trash
  • Cinnamon Beach Association
  • May Management Association, Phone Number (386) 446-0085
  • Ocean Hammock Condos
  • Ocean Hammock Subdivision
  • Handicap Modified Features In Community

Amenities

  • Sauna
  • Elevator

Recreation

  • Trails

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,451

Year Built

Built in 2005

Lot Details

0

HOA Fees

$857 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Living Area: 2003
  • Year Built: 2005
  • Directions to Property: Palm Coast Pkwy east over Hammock Dunes Bridge, then straight 1.5 miles to Ocean Hammock on the right.
  • Status: Sold
  • Floor Number: 6
  • Homestead Y N: No
  • Property Manager: May Management
  • Property Description: Corner Unit
  • Property Manager Phone: 386-446-0085
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 0.94324
  • Price per Sq Ft: 282.08
  • Close to Original List Price Ratio: 0.94324
  • View: Yes
  • Co List Office Mls Id: 256500398
  • Co List Office Phone: 386-246-9934
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Elevator, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Other Equipment: Irrigation Equipment
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 500
  • Room Count: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony, Lighting
  • Roof: Tile
  • View: Golf Course
  • Road Surface Type: Paved
  • Water View Y N: Yes

Garage/Parking

  • Parking Features: Driveway, On Street, Under Building
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Fitness Center, Gated, Handicap Modified, Pool, Sauna, Trail(s)
  • Association Fee: 467
  • Association Fee Frequency: Monthly
  • Association Name: Cinnamon Beach
  • Association: Yes
  • Security: Security Gate, Security Lights
  • Senior Community: No
  • Management: Professional On Site
  • Complex Community Name NCCB: OCEAN HAMMOCK
  • Association #2 Fee: 390
  • Association: May Management
  • Association Phone #2: 386-446-0085

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3513-00000-0461
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum

Tax Info

  • Tax Annual Amount: 6450.84
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2017
Closed on
Feb 20, 2018
Sold by
Cartwright Terence and Cartwright Gloria
Bought by
Sedwick Jack and Sedwick Sherry
Seller's Agent
Luke O'Reilly
CINNAMON BEACH REALTY
Buyer's Agent
Dave Franklin
COASTAL GATEWAY REAL ESTATE GR
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Current Estimated Value
$934,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,365
Avg. Annual Appreciation
6.70%

Purchase Details

Listed on
Jan 7, 2016
Closed on
Jun 21, 2016
Sold by
Silloway David J and Silloway Erica L
Bought by
Cartwright Terence and Cartwright Gloria
Seller's Agent
PETER McKINLEY
REALTY EXECUTIVES OCEANSIDE
Buyer's Agent
BRANKA DAMIANI
COASTAL GATEWAY REAL ESTATE GR
List Price
$549,000
Sold Price
$517,500
Premium/Discount to List
-$31,500
-5.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$414,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2010
Sold by
Regions Bank
Bought by
Silloway David J and Silloway Erica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 30, 2009
Sold by
Rappaport Todd A and Cinnamon Beach At Ocean Hammoc
Bought by
Regions Bank

Purchase Details

Closed on
Jul 28, 2005
Sold by
Centex Homes
Bought by
Rappaport Todd A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,668
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $565,000 Title Chain Inc
Warranty Deed $517,500 Covenant Closing & Title Ser
Corporate Deed $425,000 Watson Title Services Inc
Trustee Deed -- Attorney
Condominium Deed $926,700 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $414,000 New Conventional
Previous Owner $382,000 Seller Take Back
Previous Owner $92,668 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2022 10/23/22 Off Market $517,500 -- --
02/20/2018 02/20/18 Sold $565,000 -5.7% $282 / Sq Ft
01/27/2018 01/27/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $599,000 +15.7% $299 / Sq Ft
06/30/2016 06/30/16 Sold $517,500 -5.7% $258 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $549,000 -- $274 / 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 $8,914 $774,720 -- $774,720
2023 $8,914 $520,784 $0 $0
2022 $7,819 $645,600 $0 $645,600
2021 $6,454 $430,400 $0 $430,400
2020 $6,552 $430,400 $0 $430,400
2019 $6,096 $394,400 $0 $394,400
2018 $5,974 $377,300 $0 $377,300
2017 $6,510 $408,400 $0 $0
2016 $6,644 $408,400 $0 $0
2015 $6,410 $390,300 $0 $0
2014 $6,373 $390,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luke O'Reilly

    Seller's Agent in 2018

    Luke O'Reilly

    CINNAMON BEACH REALTY

    (386) 246-9934

    230 in this area

    258 Total Sales

    Luke O'Reilly
    Section Image
  • Jason Massey

    Seller Co-Listing Agent in 2018

    Jason Massey

    HAMMOCK REAL ESTATE GROUP

    (321) 439-9269

    27 in this area

    29 Total Sales

    Jason Massey
    Section Image
  • Dave Franklin

    Buyer's Agent in 2018

    Dave Franklin

    COASTAL GATEWAY REAL ESTATE GR

    (386) 569-8518

    17 in this area

    17 Total Sales

    Dave Franklin
    Section Image
  • PETER McKINLEY

    Seller's Agent in 2016

    PETER McKINLEY

    REALTY EXECUTIVES OCEANSIDE

    (386) 338-4781

    35 in this area

    51 Total Sales

    PETER McKINLEY
    Section Image
  • BRANKA DAMIANI

    Buyer's Agent in 2016

    BRANKA DAMIANI

    COASTAL GATEWAY REAL ESTATE GR

    (386) 793-6913

    50 in this area

    63 Total Sales

    BRANKA DAMIANI
    Section Image
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About Ocean Hammock

Map

Source: Stellar MLS

MLS Number: FC234325

Stellar MLS

APN: 04-11-31-3513-00000-0461

Florida Flagler County Palm Coast 32137

500 Cinnamon Beach Way Unit 461, Palm Coast, FL

This home is located at 500 Cinnamon Beach Way Unit 461, Palm Coast, FL 32137 and is currently priced at $565,000, approximately $282 per square foot. This property was built in 2005. 500 Cinnamon Beach Way Unit 461 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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