2023 Duplex With Two 3BR
48 REGENCY DRIVE Palm Coast, FL 32164
New
48 REGENCY DRIVE, Palm Coast, FL, 32164
$489,900
For Sale
$489,900
Newly constructed concrete block duplex with two mirrored units, each featuring 3 bedrooms, 2 baths, and a deep 1-car garage.
Property Size2,373 SF
Lot Size0.23 Acres
Price / SF$206.45
Days on Market6
Property Features for 48 REGENCY DRIVE
General Information
- Standard status
- Active
- Size
- 2,373 SF
- Lot size
- 0.23 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 2023
Listing agency
CALNAN REAL ESTATE
(386) 675-1137
Listed by
Colleen Calnan · License #3173311
Source
Endlesssummerrealty
Added: Jul 17 Updated: Jul 21 at 1:40PM Checked: Jul 21 at 1:40PM
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 CALNAN REAL ESTATE
Investment Insights
Based on property information with market context.
Constructed in 2023, this concrete block duplex offers two mirrored residential units totaling 2,376 square feet on approximately 0.23 acres. Each unit includes 5 rooms with 3 bedrooms and 2 bathrooms, along with a deep 1-car garage. The open floor plan features high ceilings, and each kitchen offers white shaker cabinetry, a center island, granite countertops, and stainless appliances overlooking the family room. LPV flooring runs throughout both units. Each unit also has a separate covered patio facing the back preserve, with separate electric and water meters for each apartment.
The property is located at 48 Regency Drive in Palm Coast, Florida. Buyers should confirm zoning and any rental restrictions. The listing notes that the property is eligible under the Freddie Mac First Look Initiative through 8/13/2026, with owner-occupant, non-profit, and Neighborhood Stabilization Program offers considered first look.
All measurements are approximate and based on tax roll information; the listing states that no warranties are expressed or implied. The buyer is responsible for doc stamps.
The property is located at 48 Regency Drive in Palm Coast, Florida. Buyers should confirm zoning and any rental restrictions. The listing notes that the property is eligible under the Freddie Mac First Look Initiative through 8/13/2026, with owner-occupant, non-profit, and Neighborhood Stabilization Program offers considered first look.
All measurements are approximate and based on tax roll information; the listing states that no warranties are expressed or implied. The buyer is responsible for doc stamps.
Key Highlights
- Constructed in 2023: concrete block duplex with 2,376 sq. ft. and .23 acres in Palm Coast, FL
- Each mirrored unit offers 3 bedrooms, 2 bathrooms, 5 rooms, and an open floor plan with high ceilings
- Kitchens in each unit include white shaker cabinetry, center island, granite countertops, and stainless appliances
Local 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 | $41.3k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $39.1k | $16.50 |
| − OpEx | −$11.7k | −$4.95 |
| NOI | $27.4k | $11.55 |
2,373 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.7K
NOI $27,400 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$347.8K
$304.3K – $405.7K
NOI $24,343 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$570.3K
$499.0K – $665.3K
NOI $39,918 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly constructed concrete block duplex with two mirrored units, each featuring 3 bedrooms, 2 baths, and a deep 1-car garage.
Where is this duplex located?
The property is located at 48 REGENCY DRIVE Palm Coast, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Constructed in 2023: concrete block duplex with 2,376 sq. ft. and .23 acres in Palm Coast, FL; Each mirrored unit offers 3 bedrooms, 2 bathrooms, 5 rooms, and an open floor plan with high ceilings; Kitchens in each unit include white shaker cabinetry, center island, granite countertops, and stainless appliances
