Newly Built Duplex with Modern
For Sale
$579,900
Pending
86 LARAMIE DRIVE, Palm Coast, FL 32137
Two well-appointed units feature contemporary kitchens, tiled interiors, upgraded bathrooms, and landscaped outdoor space.
Property Size2,622 SF
Days on Market570
Property Features for 86 LARAMIE DRIVE
General Information
Standard status
Pending
Size
2,622 SF
Property subtype
Multi Family
Additional Details
Asking Price
$579,900
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$852
Building Details
Year Built
2025
Listing Agency:
FLORIDA HOMES REALTY & MORTGAGE
(904) 996-9115
Listed By:
Joe Soares · License #3098349
(386) 864-0191
Source:
Exitrealty
Added: Mar 26, 2025
Changed: Oct 13
Last Checked: Oct 12 at 6:48PM
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 FLORIDA HOMES REALTY & MORTGAGE
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences measuring 1,311 square feet each, for a combined property size of 2,622 square feet. The interiors emphasize contemporary finishes, including quartz kitchen counters, custom cabinetry, ceramic tile flooring, and upgraded bathroom tile. Custom trim surrounds the windows and doors, while solid corridors extend throughout each residence. A modern fireplace adds a focal point to the living area, and the landscaped yard provides finished outdoor space. Located at 86 Laramie Drive in Palm Coast, Florida, the property offers a two-unit residential configuration with a consistent finish package throughout.
Key Highlights
- Two‑unit duplex completed in 2025
- Each unit measures 1,311 square feet; total property size is 2,622 square feet
- Kitchens feature quartz countertops and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,275
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,500
$605.5K
Cap Rate 7%
$432,500
$432.5K
Cap Rate 9%
$336,389
$336.4K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$45.6K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$43.3K $16.50/SF
− OpEx
−$13.0K −$4.95/SF
NOI
$30.3K $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 Rate 5%
$605,500
Cap Rate 7%
$432,500
Cap Rate 9%
$336,389
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$630.1K
$551.3K – $735.1K
NOI $44,106 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed units feature contemporary kitchens, tiled interiors, upgraded bathrooms, and landscaped outdoor space.
Where is this duplex located?
The property is located at 86 LARAMIE DRIVE 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‑unit duplex completed in 2025; Each unit measures 1,311 square feet; total property size is 2,622 square feet; Kitchens feature quartz countertops and custom cabinetry
