New Construction
87 WHEATFIELD DRIVE Palm Coast, FL 32164
For Sale
$595,000
Pending
Newly under-construction duplex offers two separate units with modern interiors and attached two-car garages.
Property Size2,956 SF
Days on Market568
Property Features for 87 WHEATFIELD DRIVE
General Information
- Standard status
- Pending
- Size
- 2,956 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2025
Listing Agency:
APEX REALTY LLC
(386) 986-5053
Listed By:
Elena Tchoumakova · License #3228404
(386) 986-5053
Source:
Exitrealty
Added: Jan 5, 2025
Changed: Jul 22
Last Checked: Jul 27 at 6:34AM
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 APEX REALTY LLC
Investment Insights
Based on property information with market context.
This brand-new construction duplex is currently under construction, with an anticipated completion date of 2/27/2025. The property will include two separate living spaces, each designed with three bedrooms and two bathrooms. Each side includes a two-car garage. Inside, the duplex plan calls for a 10-foot ceiling, solid interior doors, porcelain tile flooring in the living areas, and luxury vinyl flooring in the bedrooms. The kitchen package is specified with stainless steel appliances, quartz countertops, and a tiled backsplash, along with ceiling fans and sleek lighting fixtures. Anderson windows are also included to bring natural light into the living spaces.
The duplex is located in Palm Coast, Florida, with convenient access to shopping and dining, and it is described as being minutes from Publix and Town Center. Flagler Beach is approximately 15 minutes by drive.
As a duplex, the property supports a two-unit residential configuration with attached garages on each side and finishes tailored for a modern owner-occupant or rental setup.
The duplex is located in Palm Coast, Florida, with convenient access to shopping and dining, and it is described as being minutes from Publix and Town Center. Flagler Beach is approximately 15 minutes by drive.
As a duplex, the property supports a two-unit residential configuration with attached garages on each side and finishes tailored for a modern owner-occupant or rental setup.
Key Highlights
- Duplex under construction (Year built 2025) with completion date of 2/27/2025
- Each side features 3 bedrooms and 2 bathrooms with 1478 sq. ft total living area
- Attached 2‑car garage on each side (444 sq. ft per side)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $17.40 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $48.8k | $16.50 |
| − OpEx | −$14.6k | −$4.95 |
| NOI | $34.1k | $11.55 |
2,956 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.7K – $568.9K
NOI $34,132 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,725 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly under-construction duplex offers two separate units with modern interiors and attached two-car garages.
Where is this duplex located?
The property is located at 87 WHEATFIELD DRIVE Palm Coast, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex under construction (Year built 2025) with completion date of 2/27/2025; Each side features 3 bedrooms and 2 bathrooms with 1478 sq. ft total living area; Attached 2‑car garage on each side (444 sq. ft per side)
