Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot in Gated Community Title is generated by Realmo AI

    154 HERON DRIVE, Palm Coast, FL 32137

    View on Map
    Claim this Listing
    Pending
    $165,000

    Land - PALM COAST, FL

    Lot size:
    0.49 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    60
    Last Refresh:
    May 9 at 5:06 am

    Property Features for 154 HERON DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Pets allowed
    Yes
    Standard status
    Pending
    APN
    27-11-31-4894-00000-1100
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1831.1
    Expense value
    239.33000183105
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Esteban Polastri

    Listing agent Esteban Polastri License #3621671

    Listing office TAKE ACTION PROPERTIES, LLC 25 Palm Harbor Village Way 5B, PALM COAST, FL

    Listing date Mar 11, 2026

    MLS# FC316898 Listing URL

    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.

    HighLights

    • Lakefront lot in Palm Coast Plantation, offering tranquil water views and a setting for a custom‑built dream home.
    • Enjoy access to resort‑style amenities including a lagoon‑style pool and a 7000 Sqft clubhouse with fitness center, tennis, pickleball, and more.
    • Located in a premier gated community on the Intracoastal Waterway with 24‑hour security.
    • Access to 126‑acre Emerald Lake for fishing, kayaking, and wildlife watching.
    • Conveniently located minutes from the beach, top‑rated schools, Graham Swamp Preserve, shopping, and dining.
    • On‑site boat and RV storage available.

    Overview

    This 0.49-acre homesite is located in the Palm Coast Plantation, a gated community on the Intracoastal Waterway in Palm Coast, Florida. The property backs onto a lake, offering water views. The community provides amenities such as a lagoon-style swimming pool with lap lanes, a 7000 Sqft clubhouse with a fitness center, tennis and pickleball courts, basketball, shuffleboard, croquet, and bike and jogging trails. Residents have access to the 126-acre Emerald Lake for fishing, kayaking, and wildlife watching, as well as on-site boat and RV storage. The location is near the beach, schools, Graham Swamp Preserve, shopping, and dining. The community features curb-and-guttered streets, 24-hour gated security, and maintained common areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Department Store Discount Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.153774
    Latitude
    29.506682

    Nearby Similar for Sale

    • $618,000
      3,063 SF

      New Duplex in Palm Coast

      New construction duplex with excellent investment opportunity in Palm Coast.
      14 BRELYN PLACE, PALM COAST, FL 32137
      View Details
    • $625,000
      3,063 SF

      Modern Duplex in Palm Coast

      Built in 2023, offering modern design and investment potential.
      36 LOUISBURG LANE, PALM COAST, FL 32137
      View Details
    • $540,000
      2,376 SF

      New Duplex in Palm Coast

      Brand new duplex with upgrades, great investment opportunity.
      37 REGENT LANE, PALM COAST, FL 32164
      View Details
    • $425,000
      2,728 SF

      Income-Producing Duplex in Palm Coast

      Duplex in central Palm Coast, ideal for owner or investor.
      35 BRUNSWICK LANE, PALM COAST, FL 32137
      View Details
    • $920,000
      3,664 SF

      Palm Coast Four-Unit Income Property

      Four-unit income property in Palm Coast, across from AdventHealth hospital.
      1 BRITTANY LANE, PALM COAST, FL 32137
      View Details
    • $578,900
      2,622 SF

      New Construction Duplex For Sale

      Modern duplex with quartz countertops and ceramic tile plank flooring.
      35 FRENEAU LANE, PALM COAST, FL 32137
      View Details
    • $514,900
      1,198 SF

      Palm Coast Duplex Investment Opportunity

      Duplex with garages, granite countertops, and proximity to amenities.
      20 BUTTONWOOD LANE, PALM COAST, FL 32137
      View Details
    • $565,000
      3,123 SF

      Palm Coast Duplex Investment Opportunity

      Custom duplex in Palm Coast with income potential.
      28 KARAT PATH, PALM COAST, FL 32164
      View Details
    • $499,900
      2,433 SF

      Palm Coast Multi-Family Opportunity

      Multi-family property in Matanzas Woods with income potential.
      30 Louvet Ln, Palm Coast, FL 32137
      View Details
    • $920,000
      3,664 SF

      Palm Coast Four-Unit Income Property

      Four-unit income property in Palm Coast, across from AdventHealth hospital.
      1 Brittany Lane, Palm Coast, FL 32137
      View Details
    • $395,000
      2,631 SF

      Palm Coast Duplex Investment Opportunity

      Well-maintained duplex in Palm Coast with strong rental potential.
      16 Pine Hurst Lane, Palm Coast, FL 32164
      View Details
    • $499,900
      2,575 SF

      New Duplex in Palm Coast

      2022 duplex with long-term tenants and income potential.
      5 RAINSTONE LANE, PALM COAST, FL 32164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.49-acre lakefront lot in Palm Coast Plantation.
    Where is this residential land & home lot located?
    The property is located at 154 HERON DRIVE Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Lakefront lot in Palm Coast Plantation, offering tranquil water views and a setting for a custom‑built dream home.; Enjoy access to resort‑style amenities including a lagoon‑style pool and a 7000 Sqft clubhouse with fitness center, tennis, pickleball, and more.; Located in a premier gated community on the Intracoastal Waterway with 24‑hour security.
    (386) 569-6947
    We can help!
    Listing Contact
    Esteban Polastri
    Real Estate License ID: 3621671
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    154 HERON DRIVE, PALM COAST, FL 32137
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!