#1205642, Anthony Lombardo, Andy Kalcounos, Listing Office: Coastal Gateway Real Estate Group
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. 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.
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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: 4/19/2025, 7:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,000
700 Cinnamon Beach Way Unit 624
$10,000
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Price information
Property sales
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Nearby schools
5
Belle Terre Elementary School
Public District PK-5
4.6 mi
•5545 Belle Terre Pkwy
6
Wadsworth Elementary School
Public District PK-5
5.2 mi
•4550 Belle Terre Pkwy
6
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. Typical income of Palm Coast, FL residents is between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
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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.
In March 2025, from all listings sold in Palm Coast, FL there were more than 16 sold above asking price, over 215 sold below and more than 57 were sold right at the asked price. The number of listings in Palm Coast, FL increased by 9.1% between February and March 2025. The median list price of listings available in March 2025 was $359,378, while the average time on the real estate market was 94 days.