Updated Residential Income
For Sale
$235,000
5 Sherbury Court, Palm Coast, FL 32137
Three-bedroom layout includes granite kitchen finishes, integrated laundry, and a screened lanai overlooking a protected preserve.
Property Size1,338 SF
Price / SF$175.64
Days on Market66
Property Features for 5 Sherbury Court
General Information
Standard status
Active
Size
1,338 SF
Property subtype
Multi-family
Lease Term
['Twelve Months']
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$435
Amenities
clubhouse
pool
tennis/pickleball
private mail box
lanai
built-in laundry
Building Details
Year Built
1986
Listing Agency:
ONE SOTHEBYS INTERNATIONAL (386-276-9200)
Listed By:
John Lucas · License #0614338
(386) 569-5880
Source:
Onesothebysrealty
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 7 at 1:41PM
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 ONE SOTHEBYS INTERNATIONAL (386-276-9200)
Investment Insights
Based on property information with market context.
This 1,338-square-foot condominium offers a three-bedroom, two-bath layout with updated interior finishes. The kitchen includes granite countertops, a built-in laundry area, and appliances. The primary suite features a walk-in closet and shower, while the residence also includes a screened and plexiglass-enclosed lanai with views toward a natural protected preserve. Completed in 1986, the property includes defined living, dining, kitchen, and bedroom areas.
The condominium is located at 5 Sherbury Court in Palm Coast, Florida, within the Woodhaven Condo Community. Shared amenities include a clubhouse, pool, tennis and pickleball courts, and individual mailboxes. Community services identified include lawn care, water, garbage service, and roof maintenance. Optional wet dockage with power and water is offered for boats up to 50 feet; details are available through the REALTOR.
The condominium is located at 5 Sherbury Court in Palm Coast, Florida, within the Woodhaven Condo Community. Shared amenities include a clubhouse, pool, tennis and pickleball courts, and individual mailboxes. Community services identified include lawn care, water, garbage service, and roof maintenance. Optional wet dockage with power and water is offered for boats up to 50 feet; details are available through the REALTOR.
Key Highlights
- 1,338‑square‑foot condominium with a 3/2 layout
- Updated kitchen with granite countertops, appliances, and built‑in laundry
- Screened and plexiglass‑enclosed lanai overlooking a natural protected preserve
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,726
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,520
$274.5K
Cap Rate 7%
$196,086
$196.1K
Cap Rate 9%
$152,511
$152.5K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$26.5K $19.80/SF
− Vacancy
−$1.5K −$1.15/SF
EGI
$25.0K $18.65/SF
− OpEx
−$11.2K −$8.39/SF
NOI
$13.7K $10.26/SF
Area
Flagler County, FL
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,520
Cap Rate 7%
$196,086
Cap Rate 9%
$152,511
Alternative Uses
Best Use
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,726 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,507 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
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Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom layout includes granite kitchen finishes, integrated laundry, and a screened lanai overlooking a protected preserve.
Where is this residential income property located?
The property is located at 5 Sherbury Court Palm Coast, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,338‑square‑foot condominium with a 3/2 layout; Updated kitchen with granite countertops, appliances, and built‑in laundry; Screened and plexiglass‑enclosed lanai overlooking a natural protected preserve
