$1,790,000

528 Cinnamon Beach Lane

PALM COAST FL, 32137

Description

CINNAMON BEACH | Rare offering and opportunity to command your own piece of Cinnamon Beach in the exclusive Ocean Hammock Community. FULLY FURNISHED (4,493 Heated, 6,814 Total Sqft) private residence features six-bedrooms, seven-bathrooms, three floors and boasts a saltwater pool/spa, elevator, game room, outdoor kitchen, and more. Expansive waterfront views, beach access, and gourmet kitchen. Currently operated as a vacation-rental property (YTD Income thru 10/31/19 $143,690.84). Similar homes in the community are selling at 1.73M - 1.9M. Property makes as an excellent Class A+ vacation rental or a beautiful second home. Cost Analysis Performed as Rental Property In: Rent - $172,428.00 Out: (Annual) Property Taxes - $21,247.00 (Annual) Estimated Insurance - $3,144.00 (Annual) Property Management (Optional) - $13,794.24 (Annual) Estimated Utilities/Lawn/Misc. $16,800.00 Total Costs - $54,985.24 Net: $117,442.76 Earn: Total yearly net equates to - $117,442.76 Total monthly gross equates to - $14,369.00

Details

MLS#O5824511
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2017
Days On Site188

Features

Bed(s)6
Bath(s)7fb/7hb
SQ Feet4,493
Garage2
PoolYes
Story(s)Three Or More
Acreage0.16

Additional Information

Water AccessNo
Water FrontageNo
Water View0
Water ExtrasNo
Water NameNo
Pool FeaturesOther

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Area Information

StateFL
CountyFlagler
CityPALM COAST
Zip Code32137
Area32137 - Palm Coast
Community NameOCEAN HAMMOCK
Listing VS Median (in OCEAN HAMMOCK)
Price:
$1,790,000
low | high
Med:
$1,244,500
80.474860335196% of Average
SqFt:
4,493
low | high
Med:
3,726
67.070999332295% of Average
$ / SqFt:
$398
low | high
Med:
$317
70.352668971285% of Average
On Site:
188
low | high
Med:
397.500000
47.295597484277% of Average
Listing Updated: 05/24/2020
MLS Number: O5824511
Listing Provided By:
Jeff Glickman  of  BLUE PEAK REALTY LLC

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