Canal-View
For Sale
$575,000
74 EMERSON Drive, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,430 SF
Lot Size0.27 Acres
Price / SF$236.63
Days on Market150
Property Features for 74 EMERSON Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bathroom 2, Dining Room, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Open
Window features
Blinds, Double Pane Windows, ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Private Mailbox, Sliding Doors
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
PALM COAST/EASTHAMPTON SEC 34
Lot features
Paved
View
Water
Elementary school
Rymfire Elementary
Middle school
Buddy Taylor Middle
High school
Flagler-Palm Coast High
Directions
From Belle Terre South turn right on Easthampton drive .3 miles and turn right on Emerson property will be on the left.
Standard status
Active
APN
07-11-31-7034-00030-0050
Size
2,430 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PALM COAST SEC 34 BL 3 LT 5 OR 302 PG 739 OR 347 PG 614 OR 553 PG 1539 OR 619 PG 1820 OR 2404/1217
Tax Annual Amount
7058
Legal Description
PALM COAST SEC 34 BL 3 LT 5 OR 302 PG 739 OR 347 PG 614 OR 553 PG 1539 OR 619 PG 1820 OR 2404/1217
Utilities
Utilities
Cable Available
Sewer type
Holding Tank
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Water front
1
Amenities
front porch
covered patio
private backyard
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
EXIT REALTY FIRST CHOICE
(386) 246-3161
Listed By:
Liliana Escobar
(386) 864-0025
Added: Jun 1
Changed: Oct 24
Last Checked: Oct 28 at 12:06AM
MLS# FC318927
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.
This 2023 duplex in Palm Coast provides two residences with a combined six bedrooms and four bathrooms. Each unit includes three bedrooms, two bathrooms, an open great-room layout, a private one-car garage, a modern kitchen, ceramic tile flooring, high ceilings, and a covered patio. Block construction, central air, heat pumps, stainless steel appliances, granite counters, and walk-in closets are among the property’s features. The residences also offer access to attic storage, and the backyard overlooks a freshwater canal.
Located at 74 Emerson Drive in the Cypress Knolls neighborhood, the property is positioned between St. Augustine and Daytona Beach. Town Center, golf courses, shopping, walking trails, the Southern Recreation Center, and a tennis and pickleball complex are identified in the surrounding area. The property is zoned DPX and includes public water service and a holding-tank sewer system.
The duplex is already producing income and can accommodate an owner-occupied arrangement with the second residence rented separately.
Located at 74 Emerson Drive in the Cypress Knolls neighborhood, the property is positioned between St. Augustine and Daytona Beach. Town Center, golf courses, shopping, walking trails, the Southern Recreation Center, and a tennis and pickleball complex are identified in the surrounding area. The property is zoned DPX and includes public water service and a holding-tank sewer system.
The duplex is already producing income and can accommodate an owner-occupied arrangement with the second residence rented separately.
Key Highlights
- 2023‑built duplex with 6 bedrooms and 4 bathrooms
- 0.27 acres with freshwater canal views and a private backyard
- Two private 1‑car garages plus 8 driveway parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,058
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,160
$561.2K
Cap Rate 7%
$400,829
$400.8K
Cap Rate 9%
$311,756
$311.8K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.1K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$28.1K $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%
$561,160
Cap Rate 7%
$400,829
Cap Rate 9%
$311,756
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,058 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$356.1K
$311.6K – $415.5K
NOI $24,928 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$583.9K
$511.0K – $681.3K
NOI $40,876 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 2023 two-unit property with separate garages, open living areas, and covered patios overlooking a freshwater canal.
Where is this duplex located?
The property is located at 74 EMERSON Drive Palm Coast, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2023‑built duplex with 6 bedrooms and 4 bathrooms; 0.27 acres with freshwater canal views and a private backyard; Two private 1‑car garages plus 8 driveway parking spaces
