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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2024
Sq.Footage
31,806
We are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Florida’s fastest-growing coastal markets. For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit — given their luxury finishes, modern amenities, and prime waterfront location — offers significant upside. Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high-margin unit-by-unit sales, taking advantage of robust buyer demand for quality residences in Palm Coast’s Riverfront district. Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after-tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth-building vehicle.
Features & Amenities
Interior
-
Other Interior Features
Elevator
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central, Electric, Heat Pump
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Stucco
-
Parking
Common, Deeded
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Cul-De-Sac, Landscaped, Near Golf Course, Paved
-
Lot Size(acres)
0.7
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$8,950,000
-
Tax Amount
88500.0
-
Sq. Footage
31, 806
-
Price/SqFt
$281
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp, Accessible Common Area, Accessible Doors, Accessible Elevator Installed, Accessible Hallway(s)
-
Foundation Details
Slab
-
Ownership
Condominium
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
0
-
Water Source
Public
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Location
County
Flagler
Elementary School
Middle School
High School
Listing Courtesy of Rodolphe Brun , 3 DOT REALTY LLC
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
Call Michael today to schedule a private showing.
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