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542 Cinnamon Beach Ln, Palm Coast, FL, 32137

$955,000

0.16 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
WaterfrontOcean Front
ViewBeach, Ocean
MLS #2016292
Lot Size0.16 Acres
StatusActive

About 542 Cinnamon Beach Ln

Seize the unparalleled opportunity to craft your dream oceanfront sanctuary on the last available DIRECT OCEANFRONT lot in the prestigious Cinnamon Beach community. This rare gem located away from the vehicular and pedestrian traffic, and only ½ block from the two pool complexes offers not just a prime location for your custom-built home but a lifestyle coveted by many and matched by none. Envision waking up to the soothing sounds of waves and breathtaking sunrises right at your doorstep. Cinnamon Beach is renowned for its resort-style amenities, including world-class golf courses, exquisite dining options, and a vibrant community atmosphere that celebrates luxury living at its finest. Whether you decide to construct your forever home or capitalize on this lot as a high-yielding investment property, potential vacation rental earnings exceed $250K annually, making it as lucrative as it is exclusive. The Cinnamon Beach Community doesn't just offer a place to live; it provides a lifestyle, with access to a clubhouse, grill/bar, fitness center, oceanfront and lakeside pools, a splash pad, and a fully equipped workout center. This lot represents a once-in-a-lifetime chance to build, design, and own a piece of paradise, set within a neighborhood that's simply without comparison. Don't wait to make your dream a reality. Schedule a tour today and discover the potential of this exquisite oceanfront lot and the exceptional community that surrounds it. Benefit from the preparatory work already completed: Architectural plans are available upon request that were previously approved within the community.

Property Details

Property Features

Listing Office:

  • Office Name: THE NEWCOMER GROUP
  • Listing Agent: LUKE NEWCOMER

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Ocean Front
  • View: Beach, Ocean

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • Matanzas High School, Public District Grades 9-12
  • Indian Trails Middle School, Public District Grades 6-8
  • Old Kings Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Palm Coast Parkway over toll bridge straight to Hammock Dunes Parkway. Take right onto Hotel Trace into Cinnamon Beach.

Price Information

Listing Price Info

Price Summary:

  • List Price: $955,000

HOA Fees:

  • Amount: $1119
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $8,054
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Coast, FL.

Med. Sold Price

$356.6K

Med. Price/SqFt

$199

Avg. Days On Market

75

# of Sold Homes

287

542 Cinnamon Beach Ln vs Palm Coast

37 DAYS ON ROCKET

-38 Days

$955,000

+$598.3K More

KEY TAKEAWAY

This property is $598.3K more than the Median Sold Price in Palm Coast, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: realMLS (Northeast Florida Multiple Listing Service)
  • MLS Number: #2016292

Listing Office:

  • Office Name: THE NEWCOMER GROUP
  • Listing Agent: LUKE NEWCOMER

Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 8:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,054$530,000
2019$8,172$530,000
2018$7,818$495,000
2017$7,878$495,000

History based on county public records data.

Payment Calculator

$5,207

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,930

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Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4964380
9
/10
  • Old Kings Elementary School

  • 301 Old Kings Rd S

  • 8.41 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4964381
7
/10
  • Indian Trails Middle School

  • 5505 Belle Terre Pkwy

  • 4.64 miles

  • Public District Grades 6-8

High School

school-card-donut-4964382
4
/10
  • Matanzas High School

  • 3535 Old Kings Rd N

  • 3.23 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

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 majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 542 Cinnamon Beach Ln

What is the listing price of this property?

The listing price of 542 Cinnamon Beach Ln property is $955,000.

What type of property is this?

The property 542 Cinnamon Beach Ln is land located in Palm Coast, Florida, 32137.

Is this property for sale now?

Active Listing: 542 Cinnamon Beach Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 542 Cinnamon Beach Ln are:
Old Kings Elementary School: GreatSchools Rating 9/10
Indian Trails Middle School: GreatSchools Rating 7/10
Matanzas High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,054 (source: MLS/based on county public records data).

How much acreage is this property?

The property 542 Cinnamon Beach Ln is 0.16 acres.
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Rocket HomesFloridaFlagler CountyPalm Coast32137542 Cinnamon Beach Ln

This home is located at 542 Cinnamon Beach Ln in Palm Coast, FL and zip code 32137 in the Ocean Hammock neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $955,000.

In April 2024, from all listings sold in Palm Coast, FL there were more than 24 sold above asking price, over 211 sold below and more than 52 were sold right at the asked price. The inventory of homes for sale in Palm Coast, FL between March 2024 and April 2024 decreased by 0.8%. The median list price of listings available in April 2024 was $356,696, while the average time on the real estate market was 75 days.

From Rocket Homes Real Estate and based on county public records data.

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