tomo logo

$899,000

Beds
3
Baths
2.0
sq ft
1,682

700 Cinnamon Beach Way Unit 624, Palm Coast, FL 32137

700 Cinnamon Beach Way Unit 624

Palm Coast, FL 32137

  • 33 days on market
**Turnkey Investment Opportunity - Fully Furnished 3-Bed/2-Bath Condo with direct ocean views from the private balcony. This *rental-ready*, fully furnished unit is an investor's dream or the perfect seasonal retreat. Located in the coveted Cinnamon Beach community, this spacious maintenance free residence features modern luxury wood-look tile floors in main living areas, sleek black appliances, granite countertops, and a convenient breakfast bar in the kitchen. The open living area is ideal for unwinding after a day at the beach, with sliding doors leading to an oversized oceanfront balcony overlooking the adjacent beach walkway, well manicured dunes, white sand beach and relaxing sounds of the ocean surf! Enjoy morning coffee on the balcony or take a short stroll via a private walkway to the beach. The master suite boasts ocean views, balcony access, dual walk-in closets, a garden tub, and a separate tiled shower. Recent updates include new windows, fresh paint, plantation shutters, and appliances (all replaced in 2023). A new AC and water heater were installed in 2021. The Cinnamon Beach community offers exceptional amenities: manned guard gated access, well appointed Lakeside clubhouse with a lakeside pool, kids slide and splash pad, fitness center, game room, grill and bar, adult lounge and onsite management staff. A second ocean front pool offering lap lanes, plenty of pool side lounge area, seating areas for relaxing sea-side or visiting and an oceanside grill all designed for guests and residents over 18. With an average of 20 nights booked per month thru August 2024 and over $31,000 in revenue, this condo is a proven income generator with an easy 3-night minimum rental stay policy. Additional perks include underground parking for owners (permit required), a storage cage for bikes, recreation & outdoor beach gear, and easy access to Flagler Beach. Full memberships to the Ocean Hammock Club and golf are available for purchase.

Details

Property type

Condominium

Est. home value

$742,172

Lot size

Unknown

Price per sq ft

$535

Year built

2004

Annual property taxes

$9,548.18

Monthly HOA fee

$886

Price History

10/21/2024
RealMLS

RealMLS #2052922

Price change
$899,000
+0.11%
10/21/2024
RealMLS

RealMLS #2052922

Listed
$898,000
+28.29%
02/22/2023
RealMLS

RealMLS #1198413

Sold
$700,000
-4.89%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ameris Bank

Loan start date

February 2023

Original loan amount

$560,000

Est. remaining balance

Not provided

Interest rate

7.37%

Loan type

New Conventional, 30 year

Seller

Paul Kaminski and Jennifer C Kaminski

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 7:55 PM

Listing updated: 11/18/2024 at 1:41 PM

Listed by: CHRISTINA WELCH, KELLER WILLIAMS ST JOHNS Phone #: (904) 867-7694

MLS: RealMLS #2052922

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