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    Oceanfront Homesite in Gated Community Title is generated by Realmo AI

    39 CINNAMON BEACH Way, Palm Coast, FL 32137

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    New
    For Sale
    $325,000

    Flat, cleared oceanfront lot in a gated community with private beach access and room for a custom home.

    Type:Land
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 3:15 am

    Property Features for 39 CINNAMON BEACH Way

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Kathryn Teiro-Peter
    Kathryn Teiro-Peter

    Listing agent Kathryn Teiro-Peter License #3401635

    Listing office Morris Williams Realty

    Listing date Jun 3, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Morris Williams Realty

    HighLights

    • Flat, cleared oceanfront lot in a private gated community in Cinnamon Beach
    • Second- and third‑floor views of the 7th hole of the Jack Nicklaus Ocean Course and shimmering ponds
    • Located near (not directly in front of) the community crossover walkway
    • Private beach access within about a 5‑minute walk with oceanfront pool, hot tub, and bar
    • Across the street: lakefront kiddie pool and splash zone, plus fitness center, game room, and bistro grille/bar
    • Cinnamon Beach allows short‑term vacation rentals of single‑family homes; optional Hammock Beach Club membership

    Overview

    This flat, cleared homesite is ready for new construction with no time limit to build. The property is positioned to offer panoramic views from the future second and third floors, including views of the 7th hole of the Jack Nicklaus Ocean Course and shimmering ponds beyond. Set within a private gated oceanfront community, it’s designed for buyers who want to plan a custom coastal retreat.

    Cinnamon Beach provides private beach access with an amenity-rich setting that includes an oceanfront pool, hot tub, and bar. The homesite is located near but not directly in front of the community crossover walkway, and the sand is described as reachable in about a 5-minute walk. For families and recreation, a lakefront kiddie pool and splash zone are across the street, along with a fitness center, game room, and a bistro grille/bar.

    For buyers considering wider lifestyle and leisure options, optional membership to the Hammock Beach Club is referenced as providing access to championship golf, a fantasy pool complex, fitness, pickle ball, tennis, and additional dining venues. The remarks also note that Cinnamon Beach is the only neighborhood in Hammock Beach that allows short-term vacation rentals of single-family homes, supporting use as a primary residence, vacation getaway, or investment property.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic Accounting Firm Kitchen & Bath Showroom Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1858299
    Latitude
    29.5965165

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    FAQs

    What type of property is this?
    Waterfront Land - Flat, cleared oceanfront lot in a gated community with private beach access and room for a custom home.
    Where is this waterfront land located?
    The property is located at 39 CINNAMON BEACH Way Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Flat, cleared oceanfront lot in a private gated community in Cinnamon Beach; Second- and third‑floor views of the 7th hole of the Jack Nicklaus Ocean Course and shimmering ponds; Located near (not directly in front of) the community crossover walkway
    (386) 310-3000
    We can help!
    Listing Contact
    Kathryn Teiro-Peter
    Kathryn Teiro-Peter
    Real Estate License ID: 3401635
    Learn More
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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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    39 CINNAMON BEACH Way, Palm Coast, FL 32137
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