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    Oceanfront Homesite in Palm Coast Title is generated by Realmo AI

    3777 N Ocean Shore Boulevard, Palm Coast, FL 32137

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    Claim this Listing
    Pending
    $750,000

    LAND - Palm Coast, FL

    Lot size:
    0.23 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 3777 N Ocean Shore Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Security features
    Security
    Standard status
    Pending
    APN
    04-11-31-3200-00000-0120
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HAMMOCK DUNES CLUSTERS 16C,19 AND 20 LOT 12 OR 831 PG 1203 OR 2049/1388
    Tax Annual Amount
    6928

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Ocean Front
    Water front
    1

    We can help!

    Listing Contact
    Pamela Capela

    Listing agent Pamela Capela License #bk3195780

    Listing office RE/MAX Select Professionals 460 Palm Coast Parkway SW Suite 1, Palm Coast, FL

    Listing date Feb 24, 2026

    MLS# 1223372 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct ocean frontage with shared dune walkover providing immediate beach access.
    • Located east of the Coastal Construction Control Line (CCCL) with auger‑cast piling foundations, offering stronger and more resilient construction.
    • Opportunity to build a custom coastal residence within a community held to high design standards by the Hammock Dunes Design Review Committee.
    • HOA‑maintained dunes preserve views, vegetation, and shoreline integrity.
    • Optional Hammock Dunes Club membership provides access to two championship golf courses, oceanfront clubhouse, dining, fitness center, pool, tennis, and social events.
    • Proximity to local cafes, waterfront dining, Flagler Beach, and historic St. Augustine.

    Overview

    This estate-caliber homesite in Palm Coast, FL, offers approximately 100 feet of direct ocean frontage with a shared dune walkover to the sandy beach. Design and build your custom coastal residence, with a minimum of 3,500 sq. ft. per community guidelines. Neighboring homes are held to the same high standards by the Hammock Dunes Design Review Committee. Life in The Hammock means waking up to Atlantic sunrises, morning walks on the coquina sand shoreline, and evening breezes rolling in off the ocean. Scenic A1A invites bike rides, jogs, or golf cart cruises past palm trees and live oaks, with local cafes, waterfront dining, and charming Flagler Beach and historic St. Augustine just a short drive away. It's a quieter, more relaxed stretch of Florida's coastline where the pace slows down, but the lifestyle feels elevated. All lots in Carino la Mer are located east of the Coastal Construction Control Line (CCCL), with auger-cast piling foundations and modern engineering typically resulting in stronger, more resilient construction than many older oceanfront homes. HOA-owned dunes are maintained to preserve views, vegetation, and the integrity of the shoreline. The lot size is 0.23 acres. Optional Hammock Dunes Club membership (by application/approval) offers two championship golf courses, an oceanfront clubhouse with dining, fitness center, pool, tennis, pickleball, bocce, croquet, and a full calendar of social events, all just minutes from your front door. Live every day where others come to vacation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1644
    Latitude
    29.555563

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    FAQs

    What type of property is this?
    Residential land & home lot - Estate-caliber homesite with direct ocean frontage.
    Where is this residential land & home lot located?
    The property is located at 3777 N Ocean Shore Boulevard Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Direct ocean frontage with shared dune walkover providing immediate beach access.; Located east of the Coastal Construction Control Line (CCCL) with auger‑cast piling foundations, offering stronger and more resilient construction.; Opportunity to build a custom coastal residence within a community held to high design standards by the Hammock Dunes Design Review Committee.
    (386) 283-4966
    We can help!
    Listing Contact
    Pamela Capela
    Real Estate License ID: bk3195780
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    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.

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