NOT LISTED FOR SALE

53 Cinnamon Beach Way Palm Coast, FL 32137

Estimated Value: $265,887 - $1,313,000

0.22 Acre
$3,588,382 Price per Acre
9,409 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $225,000 $24 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $4,471/month

57 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Golf Course View
  • Old Kings Elementary School Rated A-
  • Gated Community
  • Clubhouse

About This Lot

As of May 2021

Spectacular oversized lot in sought-after Cinnamon Beach at Ocean Hammock! This unique property is over 215 feet deep on one side and 162 feet deep on the other, making it one of the largest, longest home sites in all of Cinnamon Beach. Incredible views of the lake and the 7th green of the Jack Nicklaus Signature Ocean Course. Feel the ocean breeze! Short walk to the beach and community amenities, including clubhouse w/kids' pool and water park, fitness center, restaurant, game room, and oceanfront pool complex. No timeline to build. Reasonable HOA fees include lot maintenance- no more yardwork! Phenomenal rental capability through Cinnamon Beach Vacations. Don't delay!

Last Agent to Sell the Property

Luke O'Reilly

HAMMOCK REAL ESTATE GROUP License #328767 Listed on: 02/26/2021

Last Buyer's Agent

Luke O'Reilly

HAMMOCK REAL ESTATE GROUP License #328767 Listed on: 02/26/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,666

Lot Details

  • 9,409 Sq Ft Lot
  • Lake Front
  • Property fronts gulf or ocean
  • East Facing Home
  • Level Lot
  • Irregular Lot
  • Property is zoned PUD SINGLE FAMILY

Property Views

  • Golf Course Views

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3512-00010-0240
  • $59 per year additional tax assessments

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 building or community restrictions

Amenities

  • Clubhouse

Recreation

  • Fitness Center

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,666

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9409
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 23.91
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Tax Year: 2020
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Direction Faces: East
  • View: Golf Course
  • Road Surface Type: Paved

Garage/Parking

  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Special Community Restrictions
  • Association Amenities: Clubhouse, Fitness Center, Gated, Security
  • Association Fee: 460
  • Association Name: May Management
  • Phone: 386-446-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name NCCB: OCEAN HAMMOCK

Lot Info

  • Zoning: PUD SINGLE FAMILY
  • Parcel Number: 04-11-31-3512-00010-0240
  • Current Use: Other
  • Lot Features: Compact Soil, Irregular Lot, Level, Other
  • Price Per Acre: 1022727

Tax Info

  • Tax Annual Amount: 1666.02
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean, Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
May 28, 2021
Sold by
Bijou Developments Llc
Bought by
Cantele John W and Cantele Susan M
Seller's Agent
Luke O'Reilly
HAMMOCK REAL ESTATE GROUP
Buyer's Agent
Luke O'Reilly
HAMMOCK REAL ESTATE GROUP
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$789,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,444
Avg. Annual Appreciation
31.93%

Purchase Details

Closed on
Dec 22, 2020
Sold by
Onksen William C and Onksen Carol A
Bought by
Thatcher Linda Hitt and Wiseman Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2018
Sold by
Hammock Parkay Properrties Llc
Bought by
Bijou Developments Llc

Purchase Details

Closed on
Aug 19, 2013
Sold by
Linsin Gary M and Linsin Jean B
Bought by
Hammock Parkway Properties Llc

Purchase Details

Closed on
Jun 11, 2003
Sold by
Centex Land Inv Ii L L C
Bought by
Linsin Gary M and Linsin Jean B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Cantele John W $225,000 Professional Closing Inc
Thatcher Linda Hitt $985,000 Americas Choice Title Co
Bijou Developments Llc $145,000 Title Chain Inc
Hammock Parkway Properties Llc $163,000 Title Chain Inc
Linsin Gary M $311,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thatcher Linda Hitt $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $225,000 0.0% $24 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $225,000 -- $24 / 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
2025 $3,832 $1,167,643 $244,000 $923,643
2024 $3,088 $244,000 $244,000 --
2023 $3,088 $205,700 $0 $0
2022 $2,734 $187,000 $187,000 $0
2021 $1,642 $106,500 $106,500 $0
2020 $1,666 $106,500 $106,500 $0
2019 $1,797 $113,500 $113,500 $0
2018 $1,784 $110,000 $110,000 $0
2017 $1,797 $110,000 $110,000 $0
2016 $1,816 $108,900 $0 $0
2015 $1,744 $99,000 $0 $0
2014 $1,553 $90,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luke O'Reilly

    Seller's Agent in 2021

    Luke O'Reilly

    HAMMOCK REAL ESTATE GROUP

    (386) 246-9934

    214 in this area

    239 Total Sales

    Luke O'Reilly
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Map

Source: Stellar MLS

MLS Number: FC265185

Stellar MLS

APN: 04-11-31-3512-00010-0240

Florida Flagler County Palm Coast 32137

53 Cinnamon Beach Way, Palm Coast, FL

Not Listed for Sale

Lots

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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