Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    60 CORAL REEF COURT N Palm Coast, FL 32137

    View on Map
    Claim this Listing
    For Sale
    $139,000

    Land - PALM COAST, FL

    Lot size:
    0.28 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    55
    Last Refresh:
    May 7 at 6:06 am

    Property Features for 60 CORAL REEF COURT N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    DPX
    Pets allowed
    Yes
    Exterior features
    Paved
    Standard status
    Active
    APN
    07-11-31-7004-00120-0190
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    954.37

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Annie Nay
    Annie Nay

    Listing agent Annie Nay License #3568187

    Listing office WATSON REALTY CORP 1410 Palm Coast Parkway NW, Palm Coast, FL

    Listing date Mar 14, 2026

    MLS# FC316862 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

    • Duplex‑zoned property ideal for investment or multi‑generational living.
    • Located in a desirable Palm Coast neighborhood.
    • Large 0.275‑acre lot (80’ x 150’).
    • Walking distance to Matanzas High School.
    • Close proximity to the St. Joe Walkway along the Matanzas River.
    • Convenient access to European Village with dining, live music, and a farmers market.

    Overview

    Palm Coast Duplex-Zoned Land

    This property is a duplex-zoned lot located in a desirable Palm Coast neighborhood. Situated at 60 Coral Reef Ct N, the lot measures 80 feet by 150 feet, totaling 0.275 acres. The property is suitable for a duplex, rental investment, or multigenerational living. The location offers convenient access to nearby amenities, including Matanzas High School within walking distance. Residents can enjoy recreational activities such as biking or walking along the St. Joe Walkway bordering the Matanzas River. The European Village, with dining, live music, and a weekly farmers market, provides weekend entertainment options. Fishing is accessible under the Hammock Dunes Bridge. The property is located approximately 20 minutes from the Atlantic Ocean and Palm Coast’s beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1989318
    Latitude
    29.5836945

    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
    • $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
    • $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
    • $419,900
      2,278 SF

      Palm Coast Duplex Investment Opportunity

      Duplex with one unit rented, one vacant in Palm Coast.
      4 PONY LANE, PALM COAST, FL 32164
      View Details
    • $350,000
      1,762 SF

      Palm Coast Duplex For Sale

      Duplex in Palm Coast, FL, great investment opportunity.
      21 SLUMBER PATH, PALM COAST, FL 32164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Duplex-zoned lot in desirable Palm Coast neighborhood, close to amenities.
    Where is this residential land & home lot located?
    The property is located at 60 CORAL REEF COURT N Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Duplex‑zoned property ideal for investment or multi‑generational living.; Located in a desirable Palm Coast neighborhood.; Large 0.275‑acre lot (80’ x 150’).
    (760) 446-9788
    We can help!
    Listing Contact
    Annie Nay
    Annie Nay
    Real Estate License ID: 3568187
    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
    60 CORAL REEF COURT N, 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!