500 CINNAMON BEACH Way, #424, Palm Coast, FL, 32137 | $829,000

Unique Opportunity! Fully Furnished Key West-Style Condo with Resort Amenities Discover this exceptional 3-bedroom, 2-bathroom condo nestled in a charming coastal community. Ideal for short-term rentals, this turnkey unit comes fully furnished and offers breathtaking views of the adjacent golf course and the Atlantic Ocean. Step inside to find an inviting living area that opens up to a private balcony, perfect for enjoying the balmy Florida breeze. The primary bedroom features sliders that lead to the balcony, while the master bath boasts an expanded shower with floor-to-ceiling tile and his-and-her vanities. Entertain effortlessly in the well-appointed kitchen, complete with custom cabinetry, pendant lighting, and spacious granite counters. Stacked crown molding and wood-like tile flooring enhance the living spaces. This condo isn't just a home; it's an investment opportunity. Take advantage of instant vacation rental income and enjoy the flexibility it offers savvy owners. Residents of this desirable Key West-style community have access to resort-style amenities, including a sparkling pool, fitness center, and game room. Don't miss out on coastal living at its finest! Schedule your tour today and make this stunning condo your own slice of paradise.

Features

  • Parking: Attached, Garage, Underground
  • Heating: Central
  • Cooling: Central Air
  • Amenities: Beach Access, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Security
  • Rooms: 11
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
  • Complex: Ocean Hammock
  • Year Built: 2005
  • Common Charge: $972 Quarterly
  • Approx Sq. Feet: 1,682
  • Acreage: 0.3
  • Est. Taxes: $7,315
  • View: Beach, Golf Course, Ocean
  • Water Front: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer
  • MLS#: 2023176
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/2023176/500cinnamonbeachway_palmcoast_fl?source=qrflyer
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 brokerage firms other than William Raveis Real Estate are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Jerry Wachowicz - JW & GroupBroker Associate

239.777.0741

Jerry.Wachowicz@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Evelio MirandaInsurance Sales Director, William Raveis Insurance

561.704.7334

Evelio.Miranda@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

500 CINNAMON BEACH Way, #424, Palm Coast, FL, 32137

$829,000

Jerry Wachowicz - JW & Group

Broker Associate

William Raveis Real Estate

Phone: 239.777.0741

Jerry.Wachowicz@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $663,200 $663,200 $663,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $610 $610 $610
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,468 $4,412 $5,915
Total Monthly Payment $5,170 $5,114 $6,617

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.