$3,128,200
SOLD JUN 26, 2023

510 Cinnamon Beach Ln Palm Coast, FL 32137

6 Beds
5.5 Baths
4,758 Sq Ft
6,360 Sq Ft Lot

Recently Sold

$657 Per Sq Ft

5% Below List Price

34 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • In Ground Pool
  • Old Kings Elementary School Rated A-
  • Under Construction
  • Full Gulf or Ocean Views

About This Home

As of June 2023

Under Construction. Brand-new oceanfront home in Cinnamon Beach! Why wait years to build when you can own a new house on the beach right now, without all the hassle of the design and construction process? This incredible beachfront residence offers breathtaking views of the Atlantic and dedicated boardwalk for instant access to the beach. All three luxurious living levels are serviced by an interior elevator, so it’s a breeze to go up and down with groceries or luggage. The ground level offers 2 spacious guest bedrooms, a game room for your friends and family to gather, and access to the patio area. Lounge all day in the sun, or use your private walkway (shared with one neighbor) to get your toes in the sand in no time! The second floor is the main living level, and features an open-concept living area, dining space with a view, gourmet kitchen and bar area for entertaining. Mesmerizing ocean views draw you to the massive 35-foot long balcony. This is an ideal spot for the whole family to gather and recharge to the sound of waves crashing in on the shore. The kitchen features a huge island with breakfast bar seating and fabulous prep space. Smell the coffee brewing in the morning, and effortlessly carry it out to the large deck to sip on while you watch the sunrise. Two additional guest suites with full bathrooms are conveniently located on this floor, as well as a powder room just off the main area. Ascend the staircase or the elevator to the 3rd floor, where you’ll find the master suite of your dreams, which runs the full width of the house on the ocean. Wake each morning to the sun coming up over the Atlantic. Open up the sliders to your massive balcony and let the sounds of the sea rock you to sleep each night. Giant walk-in shower and soaking tub. You’ll never want to leave your room! There is 2nd master suite on the west side of the floor, ideal for visiting friend or family members that deserve spacious accommodations at your oceanfront estate. Cinnamon Beach is a privately gated neighborhood within the exclusive community of Ocean Hammock, a tranquil, coastal gem located in Palm Coast, Florida, just 20 minutes south of St. Augustine, 30 minutes north of Daytona Beach and 75 minutes east of Orlando. Featuring 2.5 miles of pristine cinnamon-toned beach, the community features a harmonious blend of Key West-styled homes. Community amenities include lakeside clubhouse with “zero-entry” pool for the little ones, water slide, fitness center, game room, bar/grille, lounge, and oceanfront pool complex with hot tub and access to the beach. Construction expected to be completed in late Summer 2023. An unprecedented opportunity to own a NEW oceanfront home in Cinnamon Beach! This one won’t last- don’t delay!

Last Agent to Sell the Property

Luke O'Reilly

HAMMOCK REAL ESTATE GROUP License #328767 Listed on: 03/23/2023

Last Buyer's Agent

Wendy Fischer

PREMIER SOTHEBYS INT'L REALTY License #3242978

PREMIER SOTHEBYS INT'L REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,798

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 6,360 Sq Ft Lot
  • Lake Front
  • Property fronts gulf or ocean
  • West Facing Home
  • Fenced
  • Private Lot
  • Irrigation
  • Property is zoned PUD

HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Full Gulf or Ocean
  • Lake

Home Design

  • Tri-Level Property
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,758 Sq Ft Home
  • Elevator
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Great Room
  • Dining Room
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Gate
  • High Impact Windows

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Private Mailbox
  • Rear Porch

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, private road, security
  • May Management Association, Phone Number (386) 446-0085
  • Built by Blue Water Homes
  • Ocean Hammock Subdivision, Custom Floorplan
  • The community has rules related to allowable golf cart usage in the community

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,798

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$323 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Pool, Private Road, Security
  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 4758
  • Lot Size Acres: 0.15
  • New Construction: Yes
  • Year Built: 2023
  • Building Area Total: 6230
  • Lot Size Sq Ft: 6360
  • Directions to Property: I-95 Exit 289 E over toll bridge to Hammock Dunes Pkwy North to Hotel Trace Blvd. Thru gate to Left on Ocean Way Blvd. Thru Cinnamon Beach gates turn Right onto Cinnamon Beach Ln.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 0
  • Escrow State: FL
  • List Office Head Office Key Nume: 579203043
  • RATIO Current Price By Calculate: 657.46
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Permit Number: 2
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Elevator, High Ceilings, Solid Surface Counters, Split Bedroom, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: Three Or More
  • Window Features: Impact Glass/Storm Windows
  • Street Number Modifier: 510
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 442.03
  • Room Count: 9

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground
  • Exterior Features: Balcony, Irrigation System, Lighting, Private Mailbox, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Rear Porch
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full,Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2018-06-06
  • Flood Zone Panel: 12035C0131E
  • Projected Completion Date: 2023-08-31T00:00:00.000

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf Carts OK, Pool, Sidewalks, Waterfront
  • Association Amenities: Clubhouse, Fitness Center, Gated, Pool, Security, Spa/Hot Tub
  • Association Fee: 494
  • Association Fee Frequency: Quarterly
  • Association Name: May Management
  • Phone: 3864460085
  • Association: Yes
  • Security: Gated Community, Security Gate
  • Senior Community: No
  • Association #2 Fee: 475
  • Association #2 Fee Frequency: Quarterly
  • Association: May Management
  • Association Phone #2: 3864460085
  • Association 2 YN: 1
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 3876.00
  • Total Monthly Fees: 323.00
  • Monthly HOA Amount: 164.67

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3512-00010-0930
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Paved, Private
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 591

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Blue Water Homes

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 7798
  • Tax Block: 00010
  • Tax Book Number: 1544
  • Tax Lot: 93
  • Tax Other Annual Assessment Amount: 38

Multi Family

  • Waterfront Features: Gulf/Ocean, Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Jun 12, 2023
Sold by
Just In Time 8 Llc
Bought by
Lillig Alan and Lillig Christine
Seller's Agent
Luke O'Reilly
HAMMOCK REAL ESTATE GROUP
Buyer's Agent
Wendy Fischer
PREMIER SOTHEBYS INT'L REALTY
List Price
$3,295,000
Sold Price
$3,128,200
Premium/Discount to List
-$166,800
-5.06%
Views
78
Current Estimated Value
$3,037,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,460
Avg. Annual Appreciation
-1.32%
Original Mortgage
$2,500,000
Outstanding Balance
$2,435,329
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$602,411

Purchase Details

Listed on
Oct 9, 2020
Closed on
Aug 27, 2020
Sold by
510 Cinnamon Beach Lane Llc
Bought by
Just In Time 8 Llc
Seller's Agent
Luke Oreilly
HAMMOCK REAL ESTATE GROUP
Buyer's Agent
NON MLS
NON MLS
List Price
$689,000
Sold Price
$550,000
Premium/Discount to List
-$139,000
-20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.05%

Purchase Details

Closed on
Oct 2, 2007
Sold by
Kaltman Scott L
Bought by
510 Cinnamon Beach Lane Llc

Purchase Details

Closed on
Aug 16, 2004
Sold by
Janiak A Richard
Bought by
Kaltman Scott L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.96%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 2002
Sold by
Centex Land Inv 2 L L C
Bought by
Janial A Richard
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 $3,128,200 None Listed On Document
Warranty Deed $550,000 Victory Ttl Of St Johns Cnty
Warranty Deed $550,000 Victory Title
Warranty Deed $550,000 Victory Title
Warranty Deed -- Attorney
Warranty Deed $775,000 --
Deed $585,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 New Conventional
Previous Owner $860,900 Construction
Previous Owner $325,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $550,000 -- --
06/26/2023 06/26/23 Sold $3,128,200 -5.1% $657 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $3,295,000 +378.2% $693 / Sq Ft
10/09/2020 10/09/20 For Sale $689,000 +25.3% --
09/08/2020 09/08/20 Sold $550,000 0.0% --
09/08/2020 09/08/20 Sold $550,000 -17.3% --
09/02/2020 09/02/20 Pending -- -- --
09/02/2020 09/02/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $665,000 -- --
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 $9,126 $2,559,269 $640,000 $1,919,269
2023 $9,126 $578,380 $0 $0
2022 $7,798 $558,000 $558,000 $0
2021 $7,162 $478,000 $478,000 $0
2020 $8,054 $530,000 $530,000 $0
2019 $8,172 $530,000 $530,000 $0
2018 $7,818 $495,000 $495,000 $0
2017 $7,595 $495,000 $495,000 $0
2016 $7,370 $421,927 $0 $0
2015 $6,420 $383,570 $0 $0
2014 $6,060 $378,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: FC290065

Stellar MLS

APN: 04-11-31-3512-00010-0930