tomo logo

$919,000

Beds
3
Baths
3.0
sq ft
2,003

800 Cinnamon Beach Way Unit 725, Palm Coast, FL 32137

800 Cinnamon Beach Way Unit 725

PALM COAST, FL 32137

  • 74 days on market
    • Price drop $20,000↓
Step into your dream oceanfront condo nestled in the serene community of Cinnamon Beach at Ocean Hammock. This exquisite 3-bedroom, 3-bathroom residence boasts over 2,000 square feet of luxurious living space, offering breathtaking ocean views from nearly every room. Its open-concept design seamlessly integrates the beauty of the beach into your everyday living. This turn-key condo comes fully furnished and adorned with stylish décor, allowing you to move right in and start enjoying the coastal lifestyle. The expansive kitchen features elegant wood cabinetry, sleek granite countertops, and a cozy eat-in nook, perfect for casual meals with a view. Wake up each day in the owners retreat, where the soothing sounds of the waves and panoramic beach vistas provide a tranquil start. The owners suite includes a spa-like en-suite bathroom with a walk-in closet and an additional secondary closet. The guest suite offers privacy and comfort with its own full bathroom, while the third bedroom is served by a conveniently located hallway bathroom. The condo’s stunning solid surface floors include tile in the foyer, kitchen, and bathrooms, complemented by stylish wood-look engineered planks throughout the living areas and bedrooms. The oceanfront balcony extends the full width of the condo, offering ample space for both dining and lounging while you enjoy the stunning views. As a resident of Cinnamon Beach, you'll have access to pristine beaches, charming boardwalks, oceanfront and lakefront pools, a bistro grill restaurant, a fitness center, and a clubhouse. For those seeking an elevated experience, optional membership to the luxurious Hammock Beach Resort is available. Currently listed as a vacation rental on VRBO, this condo generates impressive rental income. New owners can choose to manage the property themselves, work with a vacation rental company, or simply relish the beachside retreat for personal enjoyment. Either way, this oceanfront condo represents a fantastic opportunity to own a slice of paradise.

Details

Property type

Condominium

Est. home value

$849,408

Lot size

0.3 acres

Price per sq ft

$459

Year built

2003

Annual property taxes

$10,785.39

Monthly HOA fee

$886

Price History

11/08/2024
StellarMLS

StellarMLS #FC303576

Price change
$919,000
-2.13%
09/10/2024
StellarMLS

StellarMLS #FC303576

Listed
$939,000
+14.51%
05/05/2022
StellarMLS

StellarMLS #FC275814

Sold
$820,000
+83.45%

Schools & Community

Elementary school: 

Old Kings Elementary

Middle school: 

Indian Trails Middle-FC

High school: 

Matanzas High

Community features: 

Gated, Clubhouse, Fitness Center, Golf, Pool, Restaurant

Negotiation Insights

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

Seller could get up to

$257,655
Asking price
$919,000
Closing costs (~8% of asking)
-$73,520
Est. remaining loan balance
-$587,825
Cash to seller
$257,655

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2022

Original loan amount

$615,000

Est. remaining balance

$587,825

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Neil Szymczak

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 11:55 PM

Listing updated: 11/08/2024 at 5:36 PM

Listed by: Anthony Lombardo, COASTAL GATEWAY REAL ESTATE GR Phone #: (386) 338-5000

MLS: StellarMLS #FC303576

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