11 RIDDLE DR Palm Coast, FL 32164
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,957 sqft
Price per Sqft $126
Subdivision Palm Coast Sec 31
MLS Listing ID FC318586
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 2006
Annual Tax Amount $6,444
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
This property comes with established tenants already in place under a current 2 year lease and is currently producing $3,000 per month in rental income, creating immediate cash flow without the hassle of vacancy, marketing, or tenant placement. Even better, the tenants have expressed interest in continuing their occupancy beyond the current lease term, providing strong long term stability potential for the next owner.
Built by Adams Homes, quality stands out immediately. Unlike many homes built with brick veneer accents, this home features true brick construction, offering durability, craftsmanship, timeless curb appeal, and the solid feel Adams Homes are known for.
Major capital improvements have already been taken care of, helping make this an attractive low maintenance investment opportunity for years to come. The home received a new architectural shingle roof in 2021 along with a new AC system and hot water heater in 2025, significantly reducing concerns over large ticket repair items and helping provide peace of mind for future ownership.
Beyond the immediate income opportunity, this property also offers future upside potential through equity growth and appreciation. As the Palm Coast market continues to develop and mature, investors have the opportunity to benefit not only from monthly cash flow, but also long term wealth building through future appreciation.
Whether you are looking to expand your portfolio, secure a long term hold, or add a strong performing asset with immediate income potential, this property checks all the boxes. Cash flowing opportunities with built in tenants, updated major systems, and long term upside do not come around often.
This could be the next cash cow your portfolio has been waiting for.
Location
State FL
County Flagler
Community Palm Coast Sec 31
Area 32164 - Palm Coast
Zoning DPX
Interior
Interior Features High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Central, Electric, Heat Pump
Cooling Central Air
Flooring Carpet, Linoleum
Fireplaces Type Living Room, Wood Burning
Furnishings Unfurnished
Fireplace true
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator
Laundry Inside, Laundry Room
Exterior
Exterior Feature Private Mailbox, Storage
Garage Spaces 2.0
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Shingle
Porch Patio
Attached Garage true
Garage true
Private Pool No
Building
Lot Description City Limits, Landscaped, Level, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Builder Name Adams Homes
Sewer Holding Tank, Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Rymfire Elementary
Middle Schools Indian Trails Middle-Fc
High Schools Matanzas High
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/a554f694-2736-4f40-8bc0-787e335ddd91?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION