New Construction
New
For Sale
$579,900
8 SECOND Path, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,800 SF
Lot Size0.23 Acres
Price / SF$207.11
Days on Market2
Property Features for 8 SECOND Path
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Laundry Room, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
Parking features
Open
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Fence, Private Mailbox, Sliding Doors
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
SEMINOLE WOODS
Directions
Seminole Woods Blvd onto Sesame trail onto Selma Trail onto Secretary Trail onto Second Path
Standard status
Active
APN
07-11-31-7058-00790-0040
Size
2,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SEC 58 BLK 79 LOT 4 OR 553 PG 1539 OR 773 PG 755 OR 784/477 OR 1794/776 OR 2055/1159 OR 2326/804
Tax Annual Amount
580
Legal Description
PALM COAST SEC 58 BLK 79 LOT 4 OR 553 PG 1539 OR 773 PG 755 OR 784/477 OR 1794/776 OR 2055/1159 OR 2326/804
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
screened lanai
private fenced backyard
electric fireplace
quartz countertops
stainless steel appliances
luxury vinyl plank flooring
LED recessed lighting
ceiling fans
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
VIRTUAL HOMES REALTY
(386) 569-5383
Listed By:
Alina Pekarsky · License #3118291
(386) 569-5383
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:06AM
MLS# FC320867
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.
Under construction, this duplex contains two residences with 1,400 living square feet per side, totaling 2,800 living square feet and 4,146 total square feet. Each residence includes three bedrooms, two bathrooms, an open floor plan, split-bedroom arrangement, walk-in closet, screened lanai, and fenced backyard. Kitchens feature quartz countertops, center islands, stainless steel appliances, and substantial cabinetry. Interior details include luxury vinyl plank flooring, LED recessed lighting, ceiling fans, and contemporary electric fireplaces with TV niches. Sliding glass doors connect the family rooms to the lanais. Primary suites include dual vanities and walk-in showers, while guest bathrooms feature tub/shower combinations.
The property occupies 0.23 acres at 8 Second Path in Palm Coast, Florida. Public water and public sewer serve the property, which is designated DPX zoning. The planned year built is 2026.
The property occupies 0.23 acres at 8 Second Path in Palm Coast, Florida. Public water and public sewer serve the property, which is designated DPX zoning. The planned year built is 2026.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and 1,400 living square feet
- 2,800 living square feet and 4,146 total square feet
- Under construction with a planned 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$48.7K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.2K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
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 - Two attached residences provide private outdoor space, contemporary finishes, and separate three-bedroom, two-bath layouts.
Where is this duplex located?
The property is located at 8 SECOND Path Palm Coast, FL.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and 1,400 living square feet; 2,800 living square feet and 4,146 total square feet; Under construction with a planned 2026 year built
