Brand-New Duplex with Screened
For Sale
Under Contract
$565,000
15 WELLHAM Lane, Palm Coast, FL 32164
MULTI_FAMILY - PALM COAST, FL
Property Size2,530 SF
Lot Size0.23 Acres
Price / SF$223.32
Days on Market54
Property Features for 15 WELLHAM Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2
Interior features
Ceiling Fans(s)
Exterior features
Private Entrance, Private Mailbox, Sliding Doors
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
PALM COAST SEC 21
Elementary school
Rymfire Elementary
Middle school
Buddy Taylor Middle
High school
Flagler-Palm Coast High
Directions
From I-95 Exit 284, take SR-100 west to Belle Terre Pkwy, left on Whiteview Pkwy, right on Wellwater Dr, and left on Wellham Ln. Home is on the left.
Standard status
Active Under Contract
APN
07-11-31-7021-00020-0260
Size
2,530 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 21 BLOCK 00002 LOT 0026 SUBDIVISION COMPLETION YEAR 1977 OR 136 PG 463 OR 242 PG 671 OR 390 PG 01 (TD) OR 420 PG 23 (FJ)OR 761 PG 1845-HAMWELL 15 TRUST OR 1622 PG 834 OR 2095/269 OR 2095/270 OR 2095/271 OR 2126/1127
Tax Annual Amount
1018
Legal Description
PALM COAST SECTION 21 BLOCK 00002 LOT 0026 SUBDIVISION COMPLETION YEAR 1977 OR 136 PG 463 OR 242 PG 671 OR 390 PG 01 (TD) OR 420 PG 23 (FJ)OR 761 PG 1845-HAMWELL 15 TRUST OR 1622 PG 834 OR 2095/269 OR 2095/270 OR 2095/271 OR 2126/1127
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Denise Fernandes · License #3526236
(386) 804-2454
Added: Jun 13
Changed: Aug 1
Last Checked: Aug 5 at 6:06PM
MLS# FC319396
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.
Newly under construction duplex in the Pine Lakes area of Palm Coast, designed for comfort and privacy. Each unit includes three bedrooms and two bathrooms with an open-concept layout, porcelain tile flooring throughout, and a kitchen with a backsplash. Indoor laundry hookups are included, along with a screened rear porch for year-round outdoor enjoyment. Additional interior features include ceiling fans, and exterior features include private entrances, a private mailbox, and sliding doors.
The property is a block and stucco duplex with central heating and central air. Built in 2026, it sits on a 0.23-acre lot and totals 2,530 square feet. Public water and public sewer services are available, with a shingle roof. Zoning is DPX.
Appliances include a dishwasher, microwave, range, and refrigerator. The duplex is served by a private entrance setup and is positioned for easy access to I-95, with proximity to local schools, shopping, dining, parks, and medical facilities.
The property is a block and stucco duplex with central heating and central air. Built in 2026, it sits on a 0.23-acre lot and totals 2,530 square feet. Public water and public sewer services are available, with a shingle roof. Zoning is DPX.
Appliances include a dishwasher, microwave, range, and refrigerator. The duplex is served by a private entrance setup and is positioned for easy access to I-95, with proximity to local schools, shopping, dining, parks, and medical facilities.
Key Highlights
- Brand‑new 2026 duplex under construction
- Each unit offers 3 bedrooms and 2 bathrooms with open‑concept layout
- Screened rear porch, plus private entrance, private mailbox, and sliding doors
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 | $44.0k | $17.40 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $41.7k | $16.50 |
| − OpEx | −$12.5k | −$4.95 |
| NOI | $29.2k | $11.55 |
2,530 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$608.0K
$532.0K – $709.3K
NOI $42,559 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly under construction duplex in Pine Lakes with 3-bedroom, 2-bath units, central HVAC, tile floors, and screened rear porches.
Where is this duplex located?
The property is located at 15 WELLHAM Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Brand‑new 2026 duplex under construction; Each unit offers 3 bedrooms and 2 bathrooms with open‑concept layout; Screened rear porch, plus private entrance, private mailbox, and sliding doors
