Three-Bedroom Duplex with
For Sale
$535,000
8 FAWN Lane, Palm Coast, FL 32137
Residential Income, PALM COAST, FL
Property Size2,800 SF
Lot Size0.26 Acres
Price / SF$191.07
Days on Market36
Property Features for 8 FAWN Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 4, Dining Room, Bedroom 6, Bathroom 3, Bedroom 3
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Exterior features
Private Mailbox
Subdivision
FAWN OAKS PALM COAST SEC 02 SUNRISE PLAZA
Directions
Turn left onto Palm Coast Pkwy SE, then turn left onto Florida Park Dr. S, then right onto Farraday Ln. then left onto Fawn Ln.
Standard status
Active
APN
07-11-31-7002-00030-0170
Size
2,800 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SEC 2 BL 3 LT 17 OR 553 PG 1539 OR 752 PG 761 OR 1019 PG 642 OR 1124 PG 6
Tax Annual Amount
4232
Legal Description
PALM COAST SEC 2 BL 3 LT 17 OR 553 PG 1539 OR 752 PG 761 OR 1019 PG 642 OR 1124 PG 6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
screened lanai
Building Details
Year built
2005
Number of units
2
Building materials
Brick, Concrete, Stucco
Roof type
Shingle
Listing Agency:
REALTY EXECUTIVES OCEANSIDE · Realty Executives International
(386) 506-8008
Listed By:
Basantee Zinkhan · License #3438155
(646) 209-5801
Added: Aug 17
Changed: Sep 17
Last Checked: Sep 21 at 5:06AM
MLS# FC320749
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 duplex contains two residences, each with 1,400 square feet of heated area, three bedrooms, two full bathrooms, a screened lanai, and a two-car garage. The 2,800-square-foot property was built in 2005 and features brick, concrete, and stucco construction, shingle roofing, central air, electric heat, and heat-pump heating. Public water and sewer serve the property. The roof was replaced in 2020. A new stove and additional garage features were installed in the owner's unit in 2026.
The property is located in Palm Coast near James F. Holland Memorial Park, supermarkets, pharmacies, gas stations, banks, and restaurants. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away. The site encompasses 0.26 acres and carries DPX zoning.
The property is located in Palm Coast near James F. Holland Memorial Park, supermarkets, pharmacies, gas stations, banks, and restaurants. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away. The site encompasses 0.26 acres and carries DPX zoning.
Key Highlights
- Two residences, each with 1,400 square feet, 3 bedrooms, and 2 full bathrooms
- Each unit includes a screened lanai and a 2‑car garage
- 2,800‑square‑foot duplex on a 0.26‑acre site
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
$32,331
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
6.04%
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%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 2,800 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
$48.7K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.2K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.3K $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%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
963
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer screened lanais, central air, and main-level primary bedrooms.
Where is this duplex located?
The property is located at 8 FAWN Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two residences, each with 1,400 square feet, 3 bedrooms, and 2 full bathrooms; Each unit includes a screened lanai and a 2‑car garage; 2,800‑square‑foot duplex on a 0.26‑acre site
