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700 Cinnamon Beach Way

Palm Coast, FL 32137

3 beds
2 baths
1,682 sqft
$534 per sqft
2004 build
– on site

**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.

Listing courtesy of NEFMLS / KELLER WILLIAMS ST JOHNS

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# 2052922 —

The Building

Year Built:

2004
New Construction:

false
Construction Materials:

Concrete, Stucco
Development Status:

None
Entry Level:

2
Direction Faces:

East
Stories Total:

6
Stories:

1
Levels:

One
Basement:

None
Foundation Details:

None
Exterior Features:

Balcony
Building Features:

None
Window Features:

None
Security Features:

24 Hour Security, Gated with Guard, Smoke Detector(s)
Building Name:

None

Interior

Rooms Total:

6
Furnished:

Furnished
Interior Features:

Breakfast Bar, Eat-in Kitchen, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
Flooring:

Tile
Fireplace:

No
Laundry Features:

Electric Dryer Hookup, Washer Hookup

Room Dimensions

Living Area:

1682.0
Living Area Units:

None
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow

Location

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
Cross Street:

None
Latitude:

29.598075
Longitude:

-81.183306

The Property

Parcel Number:

0411313513000000624
Property Type:

Residential
Property Subtype:

Condominium
Zoning:

None
Zoning Description:

Condominium
Lot Features:

Other
Current Use:

Multi-Family
Possible Use:

None
Topography:

None
View:

Beach, Ocean
Additional Parcels:

No
Additional Parcels Description:

None
Road Surface Type:

Asphalt
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Legal Description:

CINNAMON BEACH AT OCEAN HAMMOCK PHASE 6 BLDG 6 UNIt 624
Tax Annual Amount:

9548.18

Beds

Bedrooms Total:

3

Baths

Total Baths:

2.0
Total Baths:

2
Full Baths:

2
Three Quarter Baths:

None
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=fCnFYwnXBaM&mls=1

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

true
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Water Source:

Public

Appliances

Appliances:

Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Schools

Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

Ocean Hammock
Senior Community:

false
Pool Private:

No
Waterfront:

true
Waterfront Features:

None
Water Body Name:

None
Pets Allowed:

None
Association:

true
Association Amenities:

Beach Access, Children's Pool, Clubhouse, Fitness Center, Jogging Path, Maintenance Grounds, Management - Full Time, Security
Association Fee:

886.0
Association Fee Includes:

Maintenance Grounds, Pest Control, Security, Trash
Association Fee Frequency:

Monthly
Association Fee 2:

972.0
Association Fee 2 Frequency:

Quarterly
Association Name:

Cinnamon Beach at Ocean Hammock

Parking

Garage:

true
Garage Spaces:

2.0
Attached Garage:

false
Carport:

false
Parking Total:

None
Parking Features:

Community Structure, Covered

Monthly cost estimate

Asking price

$899,000

Expense	Monthly cost
Mortgage	$4,813
Taxes	$795
Insurance	$247
HOA fees	$886
Utilities	$111 See report
Total	$6,852/mo.^*
	^*This is an estimate

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Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
10/21/24 Oct 21, 2024	Price Changed	NEFMLS	$899,000	0.1%
10/21/24 Oct 21, 2024	Listed / Active	NEFMLS	$898,000

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This condo located in Hammock Beach, FL 32137 is currently for sale for $899,000. 700 Cinnamon Beach Way is a 1,682 square foot condo with 3 beds and 2 baths that has been on Estately for 27 days. 700 Cinnamon Beach Way is in the Hammock Beach neighborhood of Palm Coast and has a WalkScore® of 6, making it car-dependent. This condo is in the attendance area of Old Kings Elementary School, Indian Trails Middle School, and Matanzas High School.

Listing Courtesy of: NEFMLS and KELLER WILLIAMS ST JOHNS.

Based on information from the NORTHEAST FLORIDA MLS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. NEFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. NEFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.