Two-Unit Duplex with Rear
28 RYARBOR Drive, Palm Coast, FL 32164
For Sale
New
$440,000
Residential Income, PALM COAST, FL
Property Size1,955 SF
Lot Size0.23 Acres
Price / SF$225.06
Days on Market4
Property Features for 28 RYARBOR Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
CENTURY 21 REALTY EXCHANGE · Century 21 Real Estate
(386) 446-0017
Listed By:
Deidre Vlassis
(386) 479-8556
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# FC322751
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.
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Investment Insights
Based on property information with market context.
Built in 2021, this duplex contains 1,955 square feet across two residences with the same floor plan. Each side includes two bedrooms, two full bathrooms, and an open living and dining space. Luxury vinyl plank flooring runs throughout both units, and sliding glass doors connect the interiors to separate rear patios. The property sits on a 0.23-acre lot and is zoned DPX. Construction is concrete and stucco, with central heating and air conditioning, a shingle roof, public water, and public sewer.
The property is in Palm Coast’s Lehigh Woods neighborhood, near golf, shopping, dining, schools, and parks. US-1 and I-95 are identified as nearby commuting routes.
The property is in Palm Coast’s Lehigh Woods neighborhood, near golf, shopping, dining, schools, and parks. US-1 and I-95 are identified as nearby commuting routes.
Key Highlights
- Two residences with matching two‑bedroom, two‑bathroom layouts
- 1,955 square feet on a 0.23‑acre lot
- Built in 2021; zoned DPX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,574
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,480
$451.5K
Cap Rate 7%
$322,486
$322.5K
Cap Rate 9%
$250,822
$250.8K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$34.0K $17.40/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$32.2K $16.50/SF
− OpEx
−$9.7K −$4.95/SF
NOI
$22.6K $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%
$451,480
Cap Rate 7%
$322,486
Cap Rate 9%
$250,822
Alternative Uses
Best Use
Multifamily LT 5
$322.5K
$282.2K – $376.2K
NOI $22,574 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$286.5K
$250.7K – $334.3K
NOI $20,055 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,886 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
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
$308,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Palm Coast, FL
Properties on Market for Duplexes in Palm Coast
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two full bathrooms, and an open living and dining area with patio access.
Where is this duplex located?
The property is located at 28 RYARBOR Drive Palm Coast, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two residences with matching two‑bedroom, two‑bathroom layouts; 1,955 square feet on a 0.23‑acre lot; Built in 2021; zoned DPX
