1200 Cinnamon Beach WAY, #1133, Palm Coast, FL, 32137 | $542,000

Schedule your private tour today! Beautiful beachside community along the Atlantic Ocean, this Cinnamon Beach condo is situated on the lake and just steps away from private access to the beach! Cinnamon Beach at Ocean Hammock is a quaint Key West style community, the perfect coastal community with gorgeous beaches through boardwalk access, an oceanside pool AND a lakeside pool, a grille, fitness center, clubhouse, a cafe, splash zone, game rooms, and an adult center. The coastal flair in this furnished unit offers newer stainless steel appliances (2yrs old), granite counter in the kitchen, newer A/C (2yrs), plantation shutters, newer LVP flooring in living room, dining room, & hallways, and a spacious balcony for entertaining or having your morning coffee during a peaceful sunrise. 3 bedroom, 2 full bath, can easily accommodate 6 folks. The perfect vacation home for the family for years to come. Live here fulltime and take advantage of the Florida lifestyle year round! Close to Mala Compra MTB trails, Bings Landing, and shopping. Or use it yourself part-time and as a successful rental investment opportunity and enroll it in one of the multiple short term rental programs available. No rental restrictions. Enjoy these coastal breezes and unspoiled beaches in one of Florida's best kept secrets. This condo is in a short term rental program. AGENTS see Realtor Remarks for days and times available to show.

Features

  • Elevator: Y
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air
  • Levels: 5
  • Amenities: Elevator(s), Fitness Center, Gated, Pool, Recreation Facilities
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: OCEAN HAMMOCK
  • Year Built: 2004
  • Common Charge: $665 Monthly
  • Approx Sq. Feet: 1,344
  • Acreage: 0.3
  • Est. Taxes: $3,852
  • Condo Fee: $453 Quarterly
  • Lot Desc: Near Golf Course
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: FC291563
  • Days on Market: 522 days
  • Website: https://www.raveis.com
    /prop/FC291563/1200cinnamonbeachway_palmcoast_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 12/27/2024 2:47:07 PM)
Listing courtesy of LPT REALTY LLC (PALM COAST)   Phone: 877-366-2213

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1200 Cinnamon Beach WAY, #1133, Palm Coast, FL, 32137

$542,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $433,600 $433,600 $433,600
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.474% 7.282% 6.412
Monthly Tax Payment $321 $321 $321
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,995 $2,921 $3,688
Total Monthly Payment $3,408 $3,334 $4,101

* 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.