34 1st Ave · Palm Coast, FL 32137

$499,900

4 bd · 2.0 ba · 1,664 sqft · Manufactured public records · 41 Days on market

Built 1997 6,199 sqft lot Est $359k · 39% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• DSCR +7.8/10.0
• 1% rule +5.3/10.0
• Schools +4.6/10.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your sanctuary in the highly sought-after Hammock Beach area. This expansive 3/2 ranch is nestled just a short walk from pristine, uncrowded beaches and mere blocks from Bings Landing Park and boat ramp on the Matanzas River. Bike to local restaurants and stores. Bring your boat, fishing gear, and golf cart to begin living the beachside lifestyle you’ve always wanted. Enjoy convenient access to walking/biking trails, public parks, and pickleball courts. The comfortable open layout boasts new backsplash and countertops. The spacious master bedroom features a large en-suite bathroom and walk-in closets in all three bedrooms. The cozy yard showcases banana, orange, lime, and peach trees, along with seasonal wild passion fruit. Raised beds are ideal for vegetable gardening. St. Augustine, Marineland, and Flagler Beach are just a short drive away. Recent upgrades include a new roof in 2017, HVAC in 2021, and flooring in 2023. Don’t miss this opportunity to own beachside at such an affordable price. Community Zoned for Short Term Rental, so it's a perfect location for investment home/vacation rental or Airbnb.

Key facts

• Remodeled property
• Fully furnished
• 6,199 sq ft lot

Tags

• REMODELED PROPERTY
• TURNKEY COASTAL PROPERTY
• SUCCESSFUL AIRBNB RENTAL
• FULLY FURNISHED
• TWO BLOCKS FROM THE OCEAN

Property features AI

Finance

• Other: Furnished; Lot approximately 0.14 acre
• HOA & community: No association indicated; Development: Johnson Beach

Exterior

• Parking: Asphalt road access
• Utilities: Public water; Private sewer; Cable connected; Electricity connected; Sewer connected
• Home design: Manufactured double-wide home; One story; Faces east
• Construction: Shingle roof; Slab foundation; Built as a manufactured home
• Exterior features: Balcony; Outdoor grill; Rain gutters; Vinyl fencing; Landscaped yard; Level lot; Street dead-end; Paved drive/road

Interior

• Kitchen: Cooktop; Dishwasher; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Solid surface counters; Thermostat; Window treatments; Skylight(s); Fireplace
• Laundry & utility: Laundry room; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $500k.

Deal economics

• At list price, monthly cash flow is $561 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $500k).
• Recommended offer: $485k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 3.8% in Palm Coast — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#478 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: amenities F, commute F.
• Flagler (rural): math 53% / reading 56% proficiency, ranked #20 of 73 in FL (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Old Kings Elementary School (math 74% / reading 72%, grade A, #271 of 2,144 statewide, top 13%, 979 students, 52% FRL); Indian Trails Middle School (math 64% / reading 59%, grade B+, #124 of 571 statewide, top 22%, 1,518 students, 50% FRL); Matanzas High School (math 36% / reading 53%, grade F, #237 of 667 statewide, top 36%, 1,978 students, 48% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: Rents flat; 1616 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,588 units permitted in Flagler County in 2024 (0 in 5+ unit buildings).
• At $5,128/mo this rent would consume 73% of the median local household income ($84k/yr) (locally 816% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• Flagler County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($485k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $267k; list at $500k implies a 87% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $484,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.47%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $359,424
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11 Osceola Ave	0.11mi	3/2.0 (-1)	1,508 (-9%)	2mo	$325,000	$216	72

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.60×
• Total profit: $-56,032
• Equity at exit: $74,537

10-year hold

• IRR: -5.5%
• Equity multiple: 0.68×
• Total profit: $-45,061
• Equity at exit: $43,222

Cash invested: $139,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32137

• Home prices YoY: -34.5%
• Rents YoY: 0.8%
• Active inventory: 1616
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $5,128 high
• Mortgage (P&I): −$2,622
• Tax from tax record: −$234 /mo · $2,806/yr
• Insurance: −$208
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,077
• Net cashflow: $561

Break-even live

Break-even rent $4,418

Max offer price $499,900

Occupancy floor 84%

Sensitivity live

Price	-10% $844	-5% $703	+0% $561	+5% $420	+10% $278
Rent	-10% $156	-5% $359	+0% $561	+5% $764	+10% $966
Rate	-1.0pp $813	-0.5pp $688	base $561	+0.5pp $432	+1.0pp $300

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $124,975
• Closing costs: $14,997
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27 Mala Compra Rd Unit 1261612P Palm Coast, FL	3.0	2.0	1991	$7,806	$3.92	12d	1	0.20mi
35 Andover Dr Unit 1060869P Palm Coast, FL	3.0	2.0	1496	$3,150	$2.11	16d	1	0.46mi
1 Bedford Dr Palm Coast, FL	3.0	2.0	2032	$4,800	$2.36	25d	1	0.47mi
37 Atlantic Dr Unit 1261604P Palm Coast, FL	3.0	2.0	1991	$8,011	$4.02	25d	1	0.73mi
37 Atlantic Dr Palm Coast, FL	3.0	2.0	1501	$7,500	$5.00	25d	1	0.73mi
20 Sabal Bnd Unit 1 Palm Coast, FL	3.0	2.5	1466	$2,100	$1.43	22d	1	1.02mi
58 Comanche Ct Unit 1261614P Palm Coast, FL	3.0	2.0	2195	$5,998	$2.73	12d	1	1.23mi
200 Ocean Crest Dr #1111 Palm Coast, FL	3.0	3.0	1818	$7,000	$3.85	25d	1	1.23mi
70 Cochise Ct Palm Coast, FL	3.0	2.0	1916	$2,900	$1.51	20d	1	1.41mi

Listing history 26 events

1. 2026-06-21
   days on market $499,900 Active 41 DOM
2. 2026-06-18
   days on market $499,900 Active 38 DOM
3. 2026-06-17
   days on market $499,900 Active 37 DOM
4. 2026-06-16
   days on market $499,900 Active 36 DOM
5. 2026-06-15
   price $499,900 Active 35 DOM
6. 2026-06-15
   days on market $525,000 Active 35 DOM
7. 2026-06-14
   days on market $525,000 Active 33 DOM
8. 2026-06-13
   days on market $525,000 Active 32 DOM
9. 2026-06-10
   days on market $525,000 Active 30 DOM
10. 2026-06-09
    days on market $525,000 Active 29 DOM
11. 2026-06-08
    days on market $525,000 Active 28 DOM
12. 2026-06-07
    days on market $525,000 Active 27 DOM
13. 2026-06-03
    days on market $525,000 Active 23 DOM
14. 2026-06-02
    days on market $525,000 Active 22 DOM
15. 2026-06-01
    days on market $525,000 Active 21 DOM
16. 2026-05-31
    days on market $525,000 Active 20 DOM
17. 2026-05-11
    listed $525,000 Active
18. 2025-04-02
    soldstatus $266,805
19. 2025-03-26
    soldstatus $266,805 Closed 1144-char remark

    Show marketing remark (1144 chars)

    Welcome to your sanctuary in the highly sought-after Hammock Beach area. This expansive 3/2 ranch is nestled just a short walk from pristine, uncrowded beaches and mere blocks from Bings Landing Park and boat ramp on the Matanzas River. Bike to local restaurants and stores. Bring your boat, fishing gear, and golf cart to begin living the beachside lifestyle you’ve always wanted. Enjoy convenient access to walking/biking trails, public parks, and pickleball courts. The comfortable open layout boasts new backsplash and countertops. The spacious master bedroom features a large en-suite bathroom and walk-in closets in all three bedrooms. The cozy yard showcases banana, orange, lime, and peach trees, along with seasonal wild passion fruit. Raised beds are ideal for vegetable gardening. St. Augustine, Marineland, and Flagler Beach are just a short drive away. Recent upgrades include a new roof in 2017, HVAC in 2021, and flooring in 2023. Don’t miss this opportunity to own beachside at such an affordable price. Community Zoned for Short Term Rental, so it's a perfect location for investment home/vacation rental or Airbnb.

20. 2025-02-20
    status Pending 1144-char remark

    Show marketing remark (1144 chars)

    Welcome to your sanctuary in the highly sought-after Hammock Beach area. This expansive 3/2 ranch is nestled just a short walk from pristine, uncrowded beaches and mere blocks from Bings Landing Park and boat ramp on the Matanzas River. Bike to local restaurants and stores. Bring your boat, fishing gear, and golf cart to begin living the beachside lifestyle you’ve always wanted. Enjoy convenient access to walking/biking trails, public parks, and pickleball courts. The comfortable open layout boasts new backsplash and countertops. The spacious master bedroom features a large en-suite bathroom and walk-in closets in all three bedrooms. The cozy yard showcases banana, orange, lime, and peach trees, along with seasonal wild passion fruit. Raised beds are ideal for vegetable gardening. St. Augustine, Marineland, and Flagler Beach are just a short drive away. Recent upgrades include a new roof in 2017, HVAC in 2021, and flooring in 2023. Don’t miss this opportunity to own beachside at such an affordable price. Community Zoned for Short Term Rental, so it's a perfect location for investment home/vacation rental or Airbnb.

21. 2025-01-23
    listed $299,000 Active 1144-char remark

    Show marketing remark (1144 chars)

    Welcome to your sanctuary in the highly sought-after Hammock Beach area. This expansive 3/2 ranch is nestled just a short walk from pristine, uncrowded beaches and mere blocks from Bings Landing Park and boat ramp on the Matanzas River. Bike to local restaurants and stores. Bring your boat, fishing gear, and golf cart to begin living the beachside lifestyle you’ve always wanted. Enjoy convenient access to walking/biking trails, public parks, and pickleball courts. The comfortable open layout boasts new backsplash and countertops. The spacious master bedroom features a large en-suite bathroom and walk-in closets in all three bedrooms. The cozy yard showcases banana, orange, lime, and peach trees, along with seasonal wild passion fruit. Raised beds are ideal for vegetable gardening. St. Augustine, Marineland, and Flagler Beach are just a short drive away. Recent upgrades include a new roof in 2017, HVAC in 2021, and flooring in 2023. Don’t miss this opportunity to own beachside at such an affordable price. Community Zoned for Short Term Rental, so it's a perfect location for investment home/vacation rental or Airbnb.

22. 2012-04-24
    soldstatus $75,600
23. 2012-04-20
    soldstatus $75,500 786-char remark

    Show marketing remark (786 chars)

    Nice Home in the Hammock just 5 minutes from the beach and Bings Landing. 3 bed, 2 bath home with working wood fireplace in Family Room. Eat-in kitchen with wood cabinets, skylight and window makes this a bright room. All bedrooms have walk-in closets and Master has separate Garden Tub and Shower with Skylight. Lots of space and lots of storage. Lovely screened porch and sides and back of yard are fenced. Well maintained, septic drain field is 2 years old, AC new in 2010, Water Heater is 6 months old. What a great place to relax and enjoy all the area has to offer, midway between Palm Coast, St. Augustine, and Daytona. Hardware store, restaurants, Publix Grocery Store, BEACH and public boat launch all within minutes! Nice vinyl siding. Short Sale-Lender Approval is required.

24. 2012-01-06
    listed $89,900 786-char remark

    Show marketing remark (786 chars)

    Nice Home in the Hammock just 5 minutes from the beach and Bings Landing. 3 bed, 2 bath home with working wood fireplace in Family Room. Eat-in kitchen with wood cabinets, skylight and window makes this a bright room. All bedrooms have walk-in closets and Master has separate Garden Tub and Shower with Skylight. Lots of space and lots of storage. Lovely screened porch and sides and back of yard are fenced. Well maintained, septic drain field is 2 years old, AC new in 2010, Water Heater is 6 months old. What a great place to relax and enjoy all the area has to offer, midway between Palm Coast, St. Augustine, and Daytona. Hardware store, restaurants, Publix Grocery Store, BEACH and public boat launch all within minutes! Nice vinyl siding. Short Sale-Lender Approval is required.

25. 1987-08-01
    soldstatus $39,000
26. 1984-07-01
    soldstatus $79,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,806 · $234/mo
• Projected year-2 tax: $4,149 · $346/mo
• Expected delta: +$1,343/yr (+$112/mo · 47.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $61,539
• − Mortgage interest: −$28,002
• − Property taxes: −$2,806
• − Insurance: −$7,618
• − Repairs & maintenance: −$4,923
• − Management: −$4,923
• − Depreciation: −$14,543
• Taxable loss: −$1,277
• Est. tax savings @ 24.0%: +$306
• After-tax cash flow: $7,039/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Flagler
• NCES district ID: 1200540
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $48,354
• Composite: 46.35/100
• National rank: #2464
• State rank: #20 of 73 in FL

Livability — Palm Coast

• Score: 69/100
• State rank: #478
• US rank: #8721

Category grades

Amenities F Commute F Cost of living B+ Crime B Employment C+ Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Flagler County · 113,412 people
• City population: 105,049
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 48,391
• Household income: $83,923
• Rent vs Own: 13.6% rent · 86.4% own
• Severe rent burden: 816.0

Population outlook (Flagler County) Hauer SSP2

• Today (2025): 123,474 people
• By 2030: 131,864 · +6.8%
• By 2040: 146,176 · +18.4%
• By 2050: 157,398 · +27.5%
• By 2075: 177,990 · +44.2%
• By 2100: 183,381 · +48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 10% Two or more races 8% Black 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 4% Russian 2% Lithuanian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Flagler

• 2024 margin: Strong R (+28.2) · D 35.6% · R 63.8%
• 2008→2024 swing: -29.8pp toward R · 2008: 1.6pp · 2024: -28.2pp
• All cycles: 2024: R+28.2 2020: R+20.8 2016: R+20.6 2012: R+7.4 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -153.27%
• Current HPI: 290.4607
• Rent YoY: ▲ 0.85%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+560.4% since first listed

10 events — show timeline

• 2026-05-11 Listed $525,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-02 Sold (Public Records) $266,805 Public Records
• 2025-03-26 Sold (MLS) $266,805 Stellar MLS as Distributed by MLS Grid
• 2025-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-01-23 Listed $299,000 Stellar MLS as Distributed by MLS Grid
• 2012-04-24 Sold (Public Records) $75,600 Public Records
• 2012-04-20 Sold (MLS) $75,500 Stellar MLS as Distributed by MLS Grid
• 2012-01-06 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 1987-08-01 Sold (Public Records) $39,000 Public Records
• 1984-07-01 Sold (Public Records) $79,500 Public Records

Property tax history

+9.2%/yr

Latest (2025): $2,806 · +4.1% YoY. Source: county tax records.