700 CINNAMON BEACH Way, 624, Palm Coast, FL 32137

$875,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,682 Status: Active
Current Price: $875,000 List Date: 4/01/2025 Last Modified: 5/04/2025

Description

**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.

Supplements: 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. 2024 revenue - $44,676 in revenue, $301.86 avg nightly rate & 148 stays, this condo is a proven income generator with an easy 3-night minimum rental stay policy. *Unit was used part-time as a second home. 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.

More Information MLS# 2052922

Contract Information

Current Price: $875,000 Property Sub Type: Condominium Property Attached YN: Yes Status: Active List Price: $875,000 Listing Contract Date: 2024-10-21 Unit Type: Interior Unit

Location Tax and Legal

Street Number: 700 Street Name: CINNAMON BEACH Street Suffix: Way County: Flagler State: FL Postal Code: 32137 MLS Area Major: 605-Flagler County North-Beach Subdivision Name: Ocean Hammock

General Property Information

Bedrooms Total: 3 Bathrooms Full: 2 Bathrooms Total: 2 Living Area: 1682 Living Area Source: Public Records Year Built: 2004 Association YN: Yes Association Fee: 886 Association Fee Frequency: Monthly Association Fee 2: 972 Association Fee 2 Frequency: Quarterly Association Name: Cinnamon Beach at Ocean Hammock Association Phone: 386-986-2299 CDD Fee YN: No Accessibility Features YN: No New Construction YN: No Garage YN: Yes Garage Spaces: 2 Carport YN: No Pool Private YN: No Waterfront YN: Yes Furnished: Furnished Stories: 1 Stories Total: 6 Entry Level: 2 Senior Community YN: No Direction Faces: East Directions: Palm Coast Pkwy East to Hammock Dunes bridge, continue straight on Hammock Dunes Pkwy, right at Ocean Hammock/Cinnamon Beach toward guard gate, go thru 2nd gate take left at stop sign & follow signs to condos Public Remarks: **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. List Price/SqFt: 520.21

Status Change Information

Major Change Timestamp: 2025-05-04T20:45:13Z Major Change Type: Price Reduced Price Change Timestamp: 2025-05-04T20:45:13Z

DPR Eligible

DPR Eligible: No

Room Types

Bedroom 2 Level: Main Bedroom 3 Level: Main Dining Room Level: Main Family Room Level: Main Kitchen Level: Main Primary Bedroom Level: Main

Property Features

Levels: One Property Condition: Updated/Remodeled Rental Restrictions: 3 Days Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Security Features: 24 Hour Security; Gated with Guard; Smoke Detector(s) Construction Materials: Concrete; Stucco Exterior Features: Balcony Parking Features: Additional Parking; Assigned; Community Structure; Covered; Garage Lot Features: Other View: Beach; Ocean Waterfront Features: Ocean Front Current Use: Multi-Family Association Amenities: Barbecue; Beach Access; Children's Pool; Clubhouse; Elevator(s); Fitness Center; Gated; Golf Course; Jogging Path; Maintenance Grounds; Management - Full Time; Playground; Pool; Security; Spa/Hot Tub Association Fee Includes: Maintenance Grounds; Pest Control; Security; Trash Community Features: Gated; Restaurant Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional Room Types: Bedroom 2; Bedroom 3; Dining Room; Family Room; Kitchen; Primary Bedroom

Room Information

Bedroom 2 Level: Main Length: 14.00 Length: 14.00 Width: 11.00 Width: 11.00 Bedroom 3 Level: Main Length: 14.00 Length: 14.00 Width: 12.00 Width: 12.00 Primary Bedroom Level: Main Length: 18.00 Length: 18.00 Width: 12.00 Width: 12.00 Kitchen Level: Main Length: 12.00 Length: 12.00 Width: 11.00 Width: 11.00 Dining Room Level: Main Length: 12.00 Length: 12.00 Width: 12.00 Width: 12.00 Family Room Level: Main Length: 17.00 Length: 17.00 Width: 16.00 Width: 16.00
Listing Office: KELLER WILLIAMS ST JOHNS
Last Updated: May - 04 - 2025
Information deemed reliable but not guaranteed.