Duplex with Screened
For Sale
Under Contract
$339,997
12 WELLWOOD Lane, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,166 SF
Lot Size0.14 Acres
Price / SF$156.97
Days on Market146
Property Features for 12 WELLWOOD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Dining Room, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 4
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Private Entrance, Private Mailbox
Subdivision
PALM COAST SEC 21
Directions
Palm coast parkway to Wellwater Dr. To Wellwood
Standard status
Active Under Contract
APN
07-11-31-7021-00040-0030
Size
2,166 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 21 BLOCK 00004 LOT 0003 SUBDIVISION COMPLETION YEAR 1977 OR BOOK 105 PAGE 552 OR 122 PG 628 OR 242 PG 70 OR 278 PG 980 OR 359 PG 749 OR 1270 PG 1012 OR 2379/1363
Tax Annual Amount
3200
Legal Description
PALM COAST SECTION 21 BLOCK 00004 LOT 0003 SUBDIVISION COMPLETION YEAR 1977 OR BOOK 105 PAGE 552 OR 122 PG 628 OR 242 PG 70 OR 278 PG 980 OR 359 PG 749 OR 1270 PG 1012 OR 2379/1363
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
screened lanais
Building Details
Year built
1989
Building materials
Concrete, Stone
Roof type
Shingle
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Carol Grau · License #3510677
(631) 875-2596
Added: May 21
Changed: Oct 8
Last Checked: Oct 13 at 7:06PM
MLS# FC318652
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.
Built in 1989, this duplex contains 2,166 square feet and a total of 4 bedrooms and 4 bathrooms. One unit includes a loft, and the property has a 2-car garage. Each residence has its own entrance positioned on a separate corner of the building, along with a screened lanai. Oversized driveways provide additional parking. The roof was replaced in 2017, and the AC units were updated in 2019.
The property occupies a 0.14-acre corner lot in Palm Coast. Shopping, hospitals, and major roadways are nearby, with access to Daytona Beach and St. Augustine.
The property occupies a 0.14-acre corner lot in Palm Coast. Shopping, hospitals, and major roadways are nearby, with access to Daytona Beach and St. Augustine.
Key Highlights
- Duplex with 2,166 square feet, 4 bedrooms, and 4 bathrooms total
- One unit features a loft; property includes a 2‑car garage
- Separate unit entrances and screened lanais
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,010
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$35.7K $16.50/SF
− OpEx
−$10.7K −$4.95/SF
NOI
$25.0K $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 Rate 5%
$500,200
Cap Rate 7%
$357,286
Cap Rate 9%
$277,889
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.6K – $416.8K
NOI $25,010 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$317.4K
$277.8K – $370.3K
NOI $22,220 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$520.5K
$455.5K – $607.3K
NOI $36,436 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
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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 - A corner-lot property with separate unit entrances, updated air-conditioning systems, and a garage.
Where is this duplex located?
The property is located at 12 WELLWOOD Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $339,997.
What are key features of this property?
This property features: Duplex with 2,166 square feet, 4 bedrooms, and 4 bathrooms total; One unit features a loft; property includes a 2‑car garage; Separate unit entrances and screened lanais
