NOT LISTED FOR SALE

518 Cinnamon Beach Ln Palm Coast, FL 32137

Estimated Value: $2,153,000 - $2,867,000

6 Beds
5.5 Baths
4,312 Sq Ft
$578/Sq Ft Est. Value

Last Sold February 11, 2021

Last sale price $1,700,000 $394 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $16,005/month

114 Days on Market

Highlights

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

About This Home

As of February 2021

Coastal living at its finest in Palm Coast's premier private beachfront community. This brand new, wonderfully designed, direct oceanfront, custom built 6 bedroom 5.5 bath, pool home positions itself as the newest benchmark home in Cinnamon Beach. From the rear balconies of your oceanfront oasis, you'll be able to enjoy the serenity of three stories of covered 30' balconies and the oversized lanai overlooking your stunning swimming pool.Swim at the beach and enjoy the Incredible ocean views or relax by your private pool and entertaining your guests. The Coastal Heaven home also provides the ultimate rental experience for your short term guests. This home has been built to last with exclusively decorative exterior features that include hardie boarding siding, ceilings and sofits, metal roof, impact windows and doors dazzling those who may view the home driving by while protecting the home from the elements like no other home in the community. Inside the home, your private elevator gives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,172

Year Built

  • Built in 2020

Lot Details

  • 6,000 Sq Ft Lot
  • Property fronts gulf or ocean
  • West Facing Home
  • Interior Lot
  • Property is zoned PUD

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,312 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Tile Flooring
  • High Impact Windows
  • Laundry in unit

Kitchen

  • Range
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3512-00010-0890

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include trash
  • Cinnamon Beach Association, Phone Number (386) 446-0085
  • Ocean Hammock Subdivision
  • Property managed by May Management

Recreation

  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,172

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • HOA Fee Includes: Trash
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Frame, Stucco
  • Fireplace: Yes
  • Living Area: 4312
  • Lot Size Acres: 0.14
  • Year Built: 2020
  • Lot Size Sq Ft: 6000
  • Directions to Property: I-95 Exit 289 East over toll bridge to Hammock Dunes Pkwy North to Hotel Trace Blvd.Through gate to Left on Ocean Way Blvd.Through Cinnamon Beach gates to Cinnamon Beach Ln turn Right - house on Left
  • Status: Sold
  • Available for Lease YN: 1
  • Escrow Street Name: 88 Riberia St. Augustine, FL 32084
  • List Office Head Office Key Nume: 579203099
  • RATIO Current Price By Calculate: 394.25
  • Total Acreage: 0 to less than 1/4
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Elevator, Solid Surface Counters, Wet Bar
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Total Bedrooms: 6
  • Stories: 3
  • Window Features: Blinds, Double Pane Windows, Impact Glass/Storm Windows
  • Street Number Modifier: 518
  • ResoLivingAreaSource: Other
  • Living Area Meters: 400.60
  • Room Count: 5

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground
  • Exterior Features: Balcony
  • Roof: Metal
  • Pool Private: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Rear Porch
  • Water View YN: 1
  • Price Per Acre: 12142857

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Pool
  • Association Amenities: Clubhouse, Fitness Center, Gated
  • Association Fee: 1272
  • Association Name: Cinnamon Beach
  • Phone: 386-446-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name Nccb: OCEAN HAMMOCK
  • Development: Cinnamon Beach
  • Property Manager: May Management
  • Property Manager Phone: 386-446-0085

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3512-00010-0890
  • Lot Features: Interior Lot
  • Homestead YN: 0
  • Lot Size Square Meters: 557

Tax Info

  • Tax Annual Amount: 8171.59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2020
Closed on
Feb 10, 2021
Sold by
Dream Team 518 Llc
Bought by
Hertzberg Justin David and Hertzberg Lauren R
List Price
$1,871,100
Sold Price
$1,700,000
Premium/Discount to List
-$171,100
-9.14%
Total Days on Market
114
Current Estimated Value
$2,491,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,407
Avg. Annual Appreciation
9.25%
Original Mortgage
$548,250
Outstanding Balance
$495,914
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,995,493

Purchase Details

Listed on
Mar 20, 2017
Closed on
Nov 1, 2017
Sold by
Gracy Joshua Baskaran and Gracy Joshua
Bought by
Dream Team 518 Llc
Seller's Agent
Dave Franklin
COASTAL GATEWAY REAL ESTATE GR
Buyer's Agent
Pete Kuc
MAY REAL ESTATE GROUP
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.67%
Original Mortgage
$540,000
Interest Rate
3.85%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2002
Sold by
Centex Land Inv 2 L L C
Bought by
Sunner Lana N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.67%
Source: Public Records

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Range of Values:

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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
Hertzberg Justin David $1,700,000 Landmark Title
Dream Team 518 Llc $625,000 Title Chair Inc
Sunner Lana N $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hertzberg Justin David $548,250
Previous Owner Dream Team 518 Llc $400,000
Previous Owner Dream Team 518 Llc $540,000
Previous Owner Sunner Lana N $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2021 02/11/21 Sold $1,700,000 -9.1% $394 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
09/06/2020 09/06/20 For Sale $1,871,100 +199.4% $434 / Sq Ft
11/01/2017 11/01/17 Sold $625,000 -7.4% --
08/23/2017 08/23/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $675,000 -- --
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 $24,236 $1,971,419 $640,000 $1,331,419
2023 $24,236 $1,529,227 $0 $0
2022 $20,383 $1,390,206 $558,000 $832,206
2021 $17,307 $1,144,803 $478,000 $666,803
2020 $8,292 $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

  • Dave Franklin

    Seller's Agent in 2017

    Dave Franklin

    COASTAL GATEWAY REAL ESTATE GR

    (386) 569-8518

    17 Total Sales

    Dave Franklin
    Section Image
  • Carlene Reardon

    Seller Co-Listing Agent in 2017

    Carlene Reardon

    COASTAL GATEWAY REAL ESTATE GR

    (386) 503-5897

    239 Total Sales

    Carlene Reardon
    Section Image

  • P

    Buyer's Agent in 2017

    Pete Kuc

    MAY REAL ESTATE GROUP

See All Agents

Map

Source: Stellar MLS

MLS Number: FC260004

Stellar MLS

APN: 04-11-31-3512-00010-0890

Florida Flagler County Palm Coast 32137

518 Cinnamon Beach Ln, Palm Coast, FL

This home is located at 518 Cinnamon Beach Ln, Palm Coast, FL 32137 since 06 September 2020 and is currently estimated at $2,491,407, approximately $577 per square foot. This property was built in 2020. 518 Cinnamon Beach Ln 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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