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$248,950Sold0.15 acres · Unimproved Land
Sold·Closed Sep 5, 2025·155 days on market
49 Cinnamon Beach Way
Palm Coast, FL 32137
About this lot
Palm Coast
Experience spectacular sunrises and sunsets from this premier coastal retreat in the prestigious Ocean Hammock community of Palm Coast! This prime vacant lot offers a rare opportunity to create a custom home just steps from the Atlantic Ocean. Enjoy the serene golf course and pond views in a tranquil setting. With short-term rentals allowed, this property is also an excellent investment. Experience luxury coastal living with pristine beaches, world-class golf, and resort-style amenities at your doorstep! Soil borings and architectural renderings are available.
Cost to own
Carrying cost
What holding this lot costs per month at the asking price. Land loans run on different terms than a home mortgage, so the payment is left out; ask for current lot-loan terms.
- • In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
- • Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be (that applies to the reference bill above too).
Around this address
Nearby, from public data
The closest public beach, park, water access, league fields and grocery store from this home's location.
Closest beach parking
Fort Matanzas south accessabout 8 mi · 40 parking spaces
Closest park or preserve
Pellicer Creek Conservation Areaabout 6 mi · 3.7 mi of trails
Closest public boat ramp
Bing's Landing Boat Rampabout 2 mi · Atlantic ICW (Flagler County) Matanzas River
Closest kayak & paddleboard launch
Bing's Landing Accessible Kayak Launch Dockabout 2 mi · Atlantic ICW (Flagler County) Matanzas River
Closest grocery store
Aldiabout 16 mi · 181 Blackford Way, St. Augustine
Not from the MLS. Places from FWC, FDEP, the water districts, the counties and the cities; stores from state food permits and each chain’s store list. Distances are straight-line from this home unless a drive time is shown. Fees, hours and access change, so check the agency’s page before you go.
Cost to own
Taxes & assessment
2024 property taxes (current owner): $2,513/yr
Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Sources: Florida DOR certified tax roll, NEFMLS.
Closed sales
What sold nearby
Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $983,333 an acre; this lot is listed at $1,659,667 an acre.
| Address | Closed | Price | $/acre | Acres | DOM | Miles |
|---|---|---|---|---|---|---|
| 8 Cinnamon Beach Way, Palm Coast, FL 32137Listed by DJ & LINDSEY REAL ESTATE | Dec 2025 | $280,000 | $1,866,667 | 0.15 | 305 | 0.2 |
| 15 Cinnamon Beach Way, Palm Coast, FL 32137Listed by HERRON REAL ESTATE LLC | Dec 2025 | $250,000 | $1,923,077 | 0.13 | 59 | 0.2 |
| 29 Oceans, Palm Coast, FL 32137Listed by RE/MAX SIGNATURE | May 2026 | $206,500 | $983,333 | 0.21 | 72 | 2.5 |
| 65 Forsythe Lane, Palm Coast, FL 32137Listed by LPT REALTY LLC | Mar 2026 | $77,000 | $256,667 | 0.3 | 20 | 2.5 |
| 140 Frontier Drive, Palm Coast, FL 32137Listed by REALTY EXCHANGE LLC | Nov 2025 | $75,000 | $326,087 | 0.23 | 134 | 2.6 |
| 31 Fernwood Lane, Palm Coast, FL 32137Listed by WATSON REALTY CORPORATION | Sep 2026 | $70,000 | $304,348 | 0.23 | 48 | 2.7 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this lot is worth; Krista runs the adjustments per lot.
Is this home priced right?
Ask Krista and she'll email you her read on how this price compares with recent sales nearby.
Features
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on Sep 5, 2025. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.
Text Krista about this saleHomes for sale nearby →20+ years · 500+ closings · NE Florida
Is this home priced right?
Ask Krista and she'll email you her read on how this price compares with recent sales nearby.
Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines