29 ISLAND ESTATES PARKWAY, Palm Coast, FL, 32137 | $500,000

Under contract-accepting backup offers. Experience ultra-luxury waterfront living on this exceptional 1. 3-acre homesite in the exclusive, gated Island Estates community of Hammock Dunes. This rare estate-sized lot offers approximately 138 feet of direct saltwater canal frontage, providing quick, bridge-free access to the Intracoastal Waterway—perfect for serious boating enthusiasts and coastal lifestyle seekers. Design and build your custom dream home with room for expansive outdoor living, pool, and entertaining spaces, all overlooking tranquil water views. A private dock is easily accommodated, allowing you to keep your boat in your backyard and enjoy effortless days on the water. Island Estates is a prestigious, 24-hour guarded, private island community with deeded beach access across the street, combining the best of Intracoastal and oceanfront living. Optional membership to the renowned Hammock Dunes Club unlocks world-class amenities, including two championship golf courses, an oceanfront clubhouse with multiple dining venues, fitness center, oceanside pool, tennis, pickleball, bocce, and a full calendar of social events. With no mandatory build time, you can secure this premier property now and build at your own pace. Opportunities of this caliber in Island Estates are limited—this is your chance to create a signature waterfront estate in one of Florida’s most coveted coastal communities. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

Features

  • Amenities: Clubhouse, Fitness Center, Gated, Golf Course, Maintenance, Pickleball Court(s), Pool, Security, Spa/Hot Tub, Tennis Court(s)
  • Frontage: Canal: 138
  • Lot Size: 99 x 451 x 442 x 187
  • HOA Fee: $205 Monthly
  • Pet Policy: Yes
  • MLS#: V4947473
  • Days on Market: 54 days
  • Website: https://www.raveis.com
    /prop/V4947473/29islandestatesparkway_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 5/17/2026 9:17:10 PM)
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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29 ISLAND ESTATES PARKWAY, Palm Coast, FL, 32137

$500,000

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 $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.133% 6.739% 5.952%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,303 $2,561 $3,322
Total Monthly Payment $2,395 $2,653 $3,414

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.