518 Cinnamon Beach Ln Palm Coast, FL 32137
6
Beds
5.5
Baths
4,312
Sq Ft
6,000
Sq Ft Lot
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 2021Coastal 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
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
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%
Similar Homes in Palm Coast, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Carlene Reardon
Seller Co-Listing Agent in 2017
Carlene Reardon
COASTAL GATEWAY REAL ESTATE GR
(386) 503-5897
239 Total Sales
-
P
Buyer's Agent in 2017
Pete Kuc
MAY REAL ESTATE GROUP
Map
Source: Stellar MLS
MLS Number: FC260004
APN: 04-11-31-3512-00010-0890
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