5 COLORADO DRIVE, Palm Coast, FL, 32137 | $789,999

SALT WATERFRONT - POOL - FULLY FURNISHED - SPLIT FLOOR PLAN - / 1 YEAR WARRANTY - / NO CDD or HOA/ MULTIPLE PRIVATE ENTRANCES…This hidden piece of paradise boasts views not expected until you open the front door. This gem is properly positioned on nearly a 16000 square foot CORNER LOT within the very desired Palm Harbor boating community and located at the very end of a Saltwater canal. This Pool home features a new roof in Dec. 2020, Modernized and updated in 2022, and is fully LOADED, to include 5inch baseboards, and crown molding. This beauty includes new electric panels and “Solar Power” as of 2023, kiss your usual FPL bill goodbye. Over 40 feet of saltwater canal frontage and endless sunsets await you at this one-of-a-kind, fully custom, Ol’ Florida Ranch Style Home, with a coastal appeal. Why wait for the inconsistency and stressors of a new build? This home WARRANTY covers ALL major appliances, effective for 1 year from closing. Lush and well-manicured, mature lawn and landscape… No more looking across the waterway at your neighbor… Bottomless waterfront views from all north facing interior areas. Did I mention an optional expandable back yard buildable and with an additional 70 foot of frontage?? Be sure to ask your real estate professional for more details. This modern home offers a re-finished and oversized screened-in pool 2022, with 2 completely separated screened in lanai areas, 2 master ensuites (both on level 1), one of the masters overlooking the end of the salt canal, a large private ensuite or bonus room upstairs (this room and its access could easily be a separate apartment). Large dining area and oversized fully renovated kitchen with plenty of counter space and DOUBLE ovens!! The elongated tile flooring throughout, make it very easy to maintain. Boaters’ paradise! Freshly dredged dockage 12’ out from seawall, 15’ wide fully protected slip and an installed dock service finger, dock built of composite decking. Independent 110 power at the dock, and separate 50-amp service. Just a 20-30min. float to the mouth of the Atlantic Intracoastal Waterway. This setup will accommodate a boat 15 foot tall, 14 foot wide, up to 40 foot long, with a draft of under 4 foot. Large circular driveway for plenty of parking, and if you run out of space, no problem. . . There’s a fenced in 48’ long concrete pad for your overflow. Propane Gas on site for laundry and hot water. Insulated garage doors and finished garage floor allows for ease of use. Extra Large finished attic space with pull down pocket stairs. Come claim your slice of paradise. Approximately 2 miles east of I-95 and 3 miles east of US Highway 1. A-ranked schools, shopping and award-winning beaches just minutes from your front door. Regardless of what your needs are, this home makes it possible: Air BnB, multi-family use, vacation home, or simply your primary residence, this beauty and its unique floor plan makes it ALL possible. Why go to the beachside and combat XE flood zones, when you can benefit from the pleasure of the salt canal with an X flood designation (less homeowners insurance costs). Why pay double or triple in taxes? This is home, and the custom floor plan does not repeat anywhere locally. Please note this property is one of the final remaining available structures in this part of Palm Coast. Once these are gone there will be NO additional neighborhoods built on these canals. Hurry, schedule your showing and then come see why this one fits.

Features

  • Rooms: 4
  • Bedrooms: 5
  • Baths: 5 full
  • Laundry: Gas Dryer Hookup, In Garage, Laundry Closet, Washer Hookup
  • Year Built: 1982
  • Garage: 2-car Bath In Garage, Circular Driveway
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,858
  • Acreage: 0.36
  • Est. Taxes: $7,900
  • Lot Desc: Corner Lot, Oversized Lot
  • View: Water
  • Elem. School: Belle Terre Elementary
  • Middle School: Imagine Schools Town Center (K-8)
  • High School: Matanzas High
  • Pool: In Ground
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
  • MLS#: FC307610
  • Days on Market: 362 days
  • Website: https://www.raveis.com
    /prop/FC307610/5coloradodrive_palmcoast_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 3/1/2026 2:29:55 AM)
Listing courtesy of COLDWELL BANKER (HAMMOCK)   Phone: 386-246-2380

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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5 COLORADO DRIVE, Palm Coast, FL, 32137

$789,999

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $631,999 $631,999 $631,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.112% 6.520% 5.415%
Monthly Tax Payment $658 $658 $658
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,490 $3,739 $5,039
Total Monthly Payment $4,240 $4,489 $5,789

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.