Homes for sale - 445 RIVERFRONT DR, Palm Coast, FL 32137

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Ryan Ditmar

ryan@lineagere.com +1(407) 497-4717

Listed by
Bought with

$ 8,950,000

Est. payment | -/mo

31,806 SqFt

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$ 8,950,000

Est. payment | -/mo

Save Virtual Tour

31,806 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 31,806 sqft

Price per Sqft $281

MLS Listing ID FC311334

Construction Status Completed

HOA Y/N No

Year Built 2024

Annual Tax Amount $88,500

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

We are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Florida's fastest-growing coastal markets.

For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit — given their luxury finishes, modern amenities, and prime waterfront location — offers significant upside.

Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high-margin unit-by-unit sales, taking advantage of robust buyer demand for quality residences in Palm Coast's Riverfront district. Please note that the seller will accept cryptocurrency as a form of payment for this exceptional property.

Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after-tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth-building vehicle.

Location

State FL

County Flagler

Area 32137 - Palm Coast

Interior

Heating Central, Electric, Heat Pump

Cooling Central Air

Flooring Ceramic Tile

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Parking Spaces - 19 to 30, Common, Deeded, Ground Level, Over 30 Spaces

Utilities Available BB/HS Internet Capable, Public, Water Connected

Water Access Yes

Water Access Desc Intracoastal Waterway

Roof Type Shingle

Building

Lot Description Cul-De-Sac, Curb and Gutters, Fire Hydrant, City Limits, Landscaped, Near Golf Course, Paved

Story 3

Entry Level Three Or More

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction true

Construction Status Completed

Others

Ownership Condominium

Acceptable Financing Assumable, Cash, Conventional, Trade, Lease Option, Lease Purchase, Owner Financing

Listing Terms Assumable, Cash, Conventional, Trade, Lease Option, Lease Purchase, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC311334

+1(407) 497-4717

ryan@lineagere.com

9209 Reymont Street, Orlando, FL, 32827, United States

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445 RIVERFRONT DR Palm Coast, FL 32137