Duplex with Private Outdoor
For Sale
$429,999
Pending
1 CRYSTAL Way, Palm Coast, FL 32137
Residential Income, PALM COAST, FL
Property Size2,003 SF
Lot Size0.39 Acres
Days on Market129
Property Features for 1 CRYSTAL Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Eat-in Kitchen, Primary Bedroom Main Floor
Exterior features
Fence, Private Mailbox
Fencing
Fenced
Appliances
Dishwasher, Electric Water Heater, Range, Refrigerator
Subdivision
PALM COAST SEC 04
Lot features
Corner Lot, City Limits, In County, Irregular Lot, Landscaped, Level, Oversized Lot, Paved
Directions
Palm Coast Parkway SE to Palm Harbor Parkway. Left on Crystal Way. Home is on the corner.
Standard status
Pending
APN
07-11-31-7004-00170-0010
Size
2,003 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SEC 4 BL 17 LT 1 OR 316 PG 348 OR 316 PG 706 OR 998/444 OR 1840/1761 OR 2170/ 1284
Tax Annual Amount
5038
Legal Description
PALM COAST SEC 4 BL 17 LT 1 OR 316 PG 348 OR 316 PG 706 OR 998/444 OR 1840/1761 OR 2170/ 1284
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
RE/MAX SELECT PROFESSIONALS · RE/MAX International
(386) 283-4966
Listed By:
Crystal Cain · License #SL3464562
(412) 302-7643
Added: May 6
Changed: Sep 9
Last Checked: Sep 11 at 6:06PM
MLS# FC318307
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,003-square-foot duplex was built in 1986 and includes two residential units with separate entrances, separate utilities, kitchens, living areas, and outdoor space. The property includes five bedrooms and three bathrooms, along with vinyl flooring, central air, electric heat-pump heating, and a shingle roof. Interior features include eat-in kitchens and main-floor primary bedrooms. Appliances include ranges, refrigerators, dishwashers, and electric water heaters.
The 0.39-acre property is located in Palm Coast, near beaches, shopping, dining, and major roadways. On-site features include a driveway, patio, porch, fencing, and a private mailbox. Public water and public sewer serve the property, with cable availability noted. Zoning is DPX.
The 0.39-acre property is located in Palm Coast, near beaches, shopping, dining, and major roadways. On-site features include a driveway, patio, porch, fencing, and a private mailbox. Public water and public sewer serve the property, with cable availability noted. Zoning is DPX.
Key Highlights
- 2,003 square feet on a 0.39‑acre parcel
- Duplex with two separate residential units and separate utilities
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,128
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,560
$462.6K
Cap Rate 7%
$330,400
$330.4K
Cap Rate 9%
$256,978
$257.0K
Market Conditions
NOI Build-Up for 2,003 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.9K $17.40/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$33.0K $16.50/SF
− OpEx
−$9.9K −$4.95/SF
NOI
$23.1K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,560
Cap Rate 7%
$330,400
Cap Rate 9%
$256,978
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,128 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$293.5K
$256.9K – $342.5K
NOI $20,548 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate utilities, individual entrances, parking, and fenced outdoor areas.
Where is this duplex located?
The property is located at 1 CRYSTAL Way Palm Coast, FL.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: 2,003 square feet on a 0.39‑acre parcel; Duplex with two separate residential units and separate utilities; Five bedrooms and three bathrooms
