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528 Cinnamon Beach Ln
Palm Coast, FL 32137
Cinnamon Beach House · Specialty Property For Sale
·
6,814 SF
Investment Highlights
- Stunning Waterfront Property | Exclusive Gated Community
- Clear Title | Ready to Close
- Leased 22/31 Nights per Month | Highly Desirable Area
Property Facts
| Property Type | Specialty | Building Size | 6,814 SF |
| Property Subtype | Residential Income | No. Stories | 3 |
| Building Class | B | Year Built | 2017 |
| Lot Size | 0.16 AC | ||
| Zoning | PUD | ||
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,814 SF |
| No. Stories | 3 |
| Year Built | 2017 |
| Zoning | PUD |
About 528 CINNAMON BEACH LN , PALM COAST, FL 32137
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
Property Taxes
| Parcel Number | 04-11-31-3512-00010-0850 | Improvements Assessment | $1,513,402 |
| Land Assessment | $640,000 | Total Assessment | $2,153,402 |
Property Taxes
