$740,000
SOLD MAY 31, 2016

529 Cinnamon Beach Ln Palm Coast, FL 32137

5 Beds
4.5 Baths
3,545 Sq Ft
4,176 Sq Ft Lot

Recently Sold

$209 Per Sq Ft

11% Below List Price

128 Days on Market

Highlights

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

About This Home

As of May 2024

The spectacular Summer Wind in Cinnamon Beach at Ocean Hammock is one of the area's most pristine property! This stunning 5 bedroom/5.5 bathroom retreat features three levels of living space, endless balconies and patios, and panoramic views of the Atlantic Ocean!The Summer Wind is located on Cinnamon's Beach's desirable southern cul-de-sac, offering peace and quiet while sitting just around the corner from the community's fantastic pools, lounge, bar/grille and fitness center!Upon entering the Summer Wind, you'll be greeted by an elegant chandelier hanging from the foyer ceiling. A comfortable living area with fireplace, gorgeous gourmet kitchen, elegant dining area, two giant wrap-around balconies and one guest suite await you on the home's second floor. On the ground level, you'll find a private guest suite with its own living area and walk-out patio.The top-floor features the master suite with huge oceanview balcony, and two guest suites!

Last Agent to Sell the Property

J. Scott Massey

CINNAMON BEACH REALTY License #3294658 Listed on: 12/09/2015

Last Buyer's Agent

Carlene Reardon

COASTAL GATEWAY REAL ESTATE GR License #3109455

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,119

Year Built

  • Built in 2005

Lot Details

  • 4,176 Sq Ft Lot
  • Property fronts gulf or ocean
  • East Facing Home
  • Irrigation Equipment

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,545 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Water Views

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3512-00010-0660
  • $76 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include 24-hour guard, ground maintenance
  • Ohpoa Association, Phone Number (386) 446-0085
  • Ocean Hammock Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,119

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3545
  • Year Built: 2005
  • Lot Size Sq Ft: 4176
  • Directions to Property: Directions from I-95: take Palm Coast Parkway exit and head East. Cross toll bridge. Continue through twostop signs. First right on Hotel Trace Blvd.
  • Status: Sold
  • Homestead Y N: No
  • Property Manager: May Management
  • Property Manager Phone: 386-446-0085
  • Ratio: Close Price\List Price: 0.92558
  • Price per Sq Ft: 208.74
  • Close to Original List Price Ratio: 0.8921
  • View: No
  • Co List Office Mls Id: 256500398
  • Co List Office Phone: 386-246-9934
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Elevator, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
  • Total Bedrooms: 5
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment
  • Stories: 3
  • Street Number Modifier: 529
  • Room Count: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Balcony
  • Roof: Tile
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Front Porch, Patio
  • Road Surface Type: Paved
  • Water View Y N: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Amenities: Clubhouse, Fitness Center, Gated, Pool
  • Association Fee: 1167
  • Association Name: OHPOA
  • Phone: 386-446-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name NCCB: OCEAN HAMMOCK

Lot Info

  • Zoning: R-1
  • Parcel Number: 04-11-31-3512-00010-0660
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8119.05
  • Tax Other Annual Assessment Amount: 76

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
May 3, 2024
Sold by
Reilly Edith C and Reilly Thomas M
Bought by
L & V Sutton 529 Cinnamon Llc
Seller's Agent
Anthony Francalancia
O'BRIEN REAL ESTATE LLC
Buyer's Agent
Deidre Vlassis
REALTY EXCHANGE, LLC
List Price
$1,750,000
Sold Price
$1,400,000
Premium/Discount to List
-$350,000
-20%
Total Days on Market
128
Views
167
Current Estimated Value
$1,425,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,071
Avg. Annual Appreciation
1.63%
Original Mortgage
$800,000
Outstanding Balance
$792,266
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$632,805

Purchase Details

Closed on
Aug 16, 2021
Sold by
Bowen Edward E and Bowen Susan L
Bought by
Reilly Edith C and Reilly Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 9, 2015
Closed on
May 31, 2016
Sold by
Palfrey Patrick A and Palfrey Faye E
Bought by
Bowen Ii Edward E and Bowen Susan L
Seller's Agent
J. Scott Massey
CINNAMON BEACH REALTY
Buyer's Agent
Carlene Reardon
COASTAL GATEWAY REAL ESTATE GR
List Price
$829,500
Sold Price
$740,000
Premium/Discount to List
-$89,500
-10.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$592,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2002
Sold by
Centex Land Inv 2 L L C
Bought by
Palfrey Patrick A and Palfrey Faye E
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 $1,400,000 Professional Title
Warranty Deed $989,000 Americas Choice Title Co
Warranty Deed $740,000 None Available
Deed $284,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $757,200 New Conventional
Previous Owner $454,000 Seller Take Back
Previous Owner $592,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $1,400,000 -6.7% $406 / Sq Ft
03/24/2024 03/24/24 Pending -- -- --
02/10/2024 02/10/24 Price Changed $1,499,900 -6.2% $435 / Sq Ft
11/06/2023 11/06/23 Price Changed $1,599,000 -5.4% $463 / Sq Ft
09/01/2023 09/01/23 Price Changed $1,690,000 -3.4% $490 / Sq Ft
08/10/2023 08/10/23 For Sale $1,750,000 +136.5% $507 / Sq Ft
05/31/2016 05/31/16 Sold $740,000 -10.8% $209 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
12/09/2015 12/09/15 For Sale $829,500 -- $234 / 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 $16,521 $1,385,396 $342,000 $1,043,396
2023 $16,521 $1,303,586 $330,000 $973,586
2022 $12,910 $871,935 $260,000 $611,935
2021 $10,650 $696,751 $215,000 $481,751
2020 $10,352 $666,548 $226,000 $440,548
2019 $10,442 $663,121 $180,000 $483,121
2018 $9,739 $602,364 $175,000 $427,364
2017 $9,498 $581,850 $175,000 $406,850
2016 $8,818 $502,092 $0 $0
2015 $8,390 $456,447 $0 $0
2014 $8,086 $539,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: FC217533

Stellar MLS

APN: 04-11-31-3512-00010-0660