#1205642, Anthony Lombardo, Andy Kalcounos, Listing Office: Coastal Gateway Real Estate Group
$10,000
closing credit¹
700 Cinnamon Beach Way Unit 624 Palm Coast, FL 32137
Property details
About 700 Cinnamon Beach Way Unit 624
**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.
Highlights
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Summary
- MLS Number: 2052922
- MLS Name: realMLS (Northeast Florida Multiple Listing Service)
- Office Name: KELLER WILLIAMS ST JOHNS
- Office Phone: (904) 867-7694
- Office Email: ops@kwstjohns.com
- Listing Agent: CHRISTINA WELCH
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Last updated on: 2/8/2025, 10:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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![balcony featuring a water view](/homes/listing-images/51500600_S0456/S0456/S0456-R0100/20241021163009524920000000/20241021170444647644000000.jpg?version=1729539964&width=640)
$899,000
700 Cinnamon Beach Way Unit 624
$10,000
closing credit¹
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Price information
Property sales
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Nearby schools
7
Belle Terre Elementary School
Public District PK-5
4.6 mi
•5545 Belle Terre Pkwy
7
Wadsworth Elementary School
Public District PK-5
5.2 mi
•4550 Belle Terre Pkwy
5
Rymfire Elementary School
Public District PK-5
7.9 mi
•1425 Rymfire Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,640. Residents of Palm Coast, FL typically earn between $35k-100k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
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Frequently asked questions
About 700 Cinnamon Beach Way Unit 624
This home is located at 700 Cinnamon Beach Way Unit 624 in Palm Coast, FL and zip code 32137 in the Ocean Hammock neighborhood. This 1,682 square foot home was built in 2004. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $899,000.
Over 12 listings were sold over their listed price in January 2025 in Palm Coast, FL. In the same period over 148 listings were sold below the listed price and 35 listings were sold for the listed price. The number of listings in Palm Coast, FL increased by 3.4% between December and January 2025. While the average time on the market in January 2025 was 98 days, the median list price was $354,655.