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The Smartest Square Footage in Palm Coast — A First-Floor Investment That Already Pays For Itself
Forget the cookie-cutter listings flooding the market. This isn't just a 1-bedroom, 1-bath condo — it's a turnkey income machine sitting inside one of Northeast Florida's most coveted resort communities, The Club at Hammock Beach.
This first-floor residence overlooks tranquil lake views and stands apart from nearly every comparable unit on the market thanks to luxury vinyl plank flooring throughout — no worn carpet, no dated transitions, just clean, durable, move-in (or rent-out) ready living. The unit comes fully furnished and is complete with a proven rental history — meaning the income engine is already running before you even close.
Here's what most buyers don't realize: ownership here unlocks access to an optional private membership at The Club at Hammock Beach, and that membership is the real prize. Members gain entry to many dining outlets — including Delfinos Italian Chophouse, Loggerheads Sports Pub and Stix Authentic Sushi — two award-winning golf courses designed by Jack Nicklaus and Tom Watson, eight lighted clay tennis courts, a full-service spa and a 91, 000-square-foot Fantasy Pool Complex featuring an indoor lap pool, lazy river, winding waterslide, and private onsite beach access. Membership also allows the rental income to continue as membership is required to be part of the rental program.
This is more than a condo. It's a passport to a lifestyle most people only experience on vacation.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$318,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $254,400 | $254,400 | $254,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $320 | $320 | $320 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,505 | $1,587 | $2,096 |
| Total Monthly Payment | $1,900 | $1,982 | $2,491 |
* 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.