$1 Auction - 8 Residential Lots | 10% Population Growth | $87K HH Income

Investment Highlights

• 8 Residential Lots in a Planned Community in Flagler County
• ±20 miles from Daytona Beach   | ±35 miles from St. Augustine | ±70 miles from Orlando & Jacksonville
• Dense demographics with 5-mile population of ±27,813 and annual household income of ±$86,639
• 173.5% population growth from 2000-2020 and 10.6% growth projected from 2021-2026 (5-mile radius)
• Median Palm Coast Home Listing Price is ±$339,900
• Beneficial Proximity between I-95 (±76K VPD) and US-1 (±17K VPD) with Convenient Access to Area Amenities
• Absolute $1 Auction - NO RESERVE

 

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present 8 residential land parcels located at 63 Seaton Valley Path, 61 Seaton Valley Path, 59 Seaton Valley Path, 57 Seaton Valley Path, 55 Seaton Valley Path, 58 Seaton Valley Path, and two parcels on Seven Champions Path N (the “Property”) in Palm Coast, Florida. The Property offers an exceptional investment opportunity via development in this well maintained and established residential community.  

The two parcels on Seven Champions Path N are ±30,340 SF each with favorable SFR-2 zoning which permits detached single-family homes in low to medium density residential neighborhoods. The six parcels on Seaton Valley Path range from 10,000 SF to 20,203 SF with favorable Duplex zoning which allows for two-family residential structures, combined with single-family and attached homes, in medium-density residential neighborhoods. Homes for sale in Palm Coast have a median listing price of $339,900 offering developers significant value enhancement opportunities through development of the parcels. Additionally, since these parcels will sell significantly below land value, investors/developers are also afforded with additional value-add through strategic individual resale of the parcels.

Palm Coast is the most populous city in Flagler County and has become a bedroom community for St. Augustine, 25 miles to the north, and Daytona Beach, 30 miles to the south, while some residents also work in Orlando and Jacksonville. As of 2021, the Property’s demographics have ±27,813 individuals residing within a 5-mile radius, with an average household income of ±$86,639. The Property is located within a high growth area and the population has increased 173.5% since 2000 with an anticipated 10.6% growth expected from 2021-2026 within five miles of the Property.