Active

$8,950,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 31806 sq ft
Overview
  • ID: MFRFC311334
  • Bedrooms:
  • Bathrooms: 0
  • Size: 31806 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$8,950,000
HOA Fee:
N/A
Tax Amount:
$88500
Price per SqFt:
$281.39
Tax Legal Description:
22-11-31-3995-00C10-B101, 22-11-31-3995-00C10-B102, 22-11-31-3995-00C10-B103, 22-11-31-3995-00C10-B104, 22-11-31-3995-00C10-B201, 22-11-31-3995-00C10-B202, 22-11-31-3995-00C10-B203, 22-11-31-3995-00C10-B204, 22-11-31-3995-00C10-B301, 22-11-31-3995-00C10-B302, 22-11-31-3995-00C10-B303, 22-11-31-3995-00C10-B304
Exterior Features
Lot Size:
30492
Lot Features:
Cul-De-Sac, Curb and Gutters, Fire Hydrant, City Limits, Landscaped, Near Golf Course, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30, Common, Deeded, Ground Level, Over 30 Spaces
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Electric, Heat Pump
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Ceramic Tile
Levels:
Three Or More
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
2024
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    445 RIVERFRONT DR
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
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