$625,000
SOLD NOV 1, 2017

518 Cinnamon Beach Ln Palm Coast, FL 32137

0.14 Acre
$4,464,286 Price per Acre
5,924 Sq Ft Lot

Recently Sold

7% Below List Price

158 Days on Market

Highlights

  • 45 Feet of Waterfront
  • Fitness Center
  • Security Service
  • Old Kings Elementary School Rated A-
  • Gated Community
  • Heating Available

About This Lot

As of February 2021

DIRECT OCEANFRONT HOME SITE IN CINNAMON BEACH, PART OF HAMMOCK BEACH COMMUNITY. NO TIME RESTRICTIONS FOR BUILDING YOUR HOME, AND YOU CAN BUILD TO 55 FEET HIGH WHEN READY. THE KEY WEST DESIGN OF HOMES HERE INSPIRED MANY BEACH LOVERS TO OWN HERE. A SHARED DUNE WALKOVER CAN BE BUILT WITH HOME OWNER TO RIGHT. ENJOY THE CINNAMON BEACH COMMUNITYAMENITIES WITH AN OCEAN POOL, LAKE POOL, GYM, TWO GAME ROOMS, AND RESTAURANT OPEN IN-SEASON. HAMMOCK BEACH CLUB IS A MILE NORTH WITH TWO GOLF COURSES AND MORE AMENITIES TO ENJOY AS WELL SHOULD YOU WANT TO JOIN THE CLUB. COME AND EXPERIENCE THE LIFESTYLE YOU WORKED HARD FOR, AND LIVE THE OCEAN LIFE.

Last Agent to Sell the Property

Dave Franklin

COASTAL GATEWAY REAL ESTATE GR License #3018235 Listed on: 03/20/2017

Co-Listed By

Carlene Reardon

COASTAL GATEWAY REAL ESTATE GR License #3109455

Last Buyer's Agent

Pete Kuc

MAY REAL ESTATE GROUP License #3016416

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,400

Year Built

  • 2020

Lot Details

  • 5,924 Sq Ft Lot
  • 45 Feet of Waterfront
  • Property fronts gulf or ocean
  • West Facing Home
  • Cleared Lot
  • Property is zoned PUD SINGLE FAMILY,PUD

Additional Features

  • Water Views
  • 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
  • May Management Association, Phone Number (386) 446-0085
  • Ocean Hammock Condos
  • Ocean Hammock Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Fitness Center

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$7,400

Year Built

2020

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 5924
  • Directions to Property: HAMMOCK DUNE PKWY TO HOTEL TRACE BLVD(CB ENTRANCE); PAST GATE TO STOP SIGN, LEFT INTO CB COMMUNITY HOME SITE ON OCEAN.
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Ratio: Close Price\List Price: 0.92593
  • Price per Sq Ft: 105.5
  • Close to Original List Price Ratio: 0.92593
  • View: No
  • Co List Office Mls Id: 256500522
  • Co List Office Phone: 386-246-5700
  • Tax Year: 2016
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2020

Interior Features

  • Street Number Modifier: 518

Exterior Features

  • Direction Faces: West
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View Y N: Yes
  • Waterfront Frontage: 45

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Amenities: Fitness Center, Gated, Security
  • Association Fee: 420
  • Association Name: MAY MANAGEMENT
  • Phone: 386-446-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name NCCB: OCEAN HAMMOCK
  • Montly Maint Amt Addition To H O A: 45

Lot Info

  • Zoning: PUD SINGLE FAMILY,PUD
  • Parcel Number: 04-11-31-3512-00010-0890
  • Current Use: Other
  • Lot Features: Cleared, Other
  • Price Per Acre: 4464286
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7400

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
158
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 Type Sale Price Title Company
Warranty Deed $1,700,000 Landmark Title
Warranty Deed $625,000 Title Chair Inc
Deed $550,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $548,250 New Conventional
Previous Owner $400,000 Commercial
Previous Owner $540,000 Unknown
Previous Owner $440,000 No Value Available
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: FC228285

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 and is currently priced at $625,000. 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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