$419,000
5 Ocean Crest Way
Palm Coast, FL 32137
Listing updated: April 27, 2026 at 9:47 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Turn-key and rental-ready — this 3-bedroom, 2-bathroom, 1,264 sq. ft. villa at Hammock Beach Resort is a proven income producer in the short-term rental program. Sold fully furnished, this unit is situated along the 10th fairway of the Ocean Course, offering strong rental demand and immediate revenue potential. Step inside to rich, dark wood flooring that flows through the kitchen, main living space, and both guest bedrooms, adding warmth and elegance. The kitchen features granite countertops, wood cabinets, a coffee station, and stainless steel appliances—all updated within the past two years. The open living area leads to a covered balcony, while the primary suite features brand new carpet, a dual vanity, soaking tub, walk-in tile shower, and private water closet. Two additional guest bedrooms and a full bathroom add convenience for renters. A brand new AC unit and recently updated water heater minimize maintenance concerns and boost buyer confidence. As part of Hammock Beach Resort, owners and guests can enjoy access to top-tier amenities, including two championship golf courses, pools, a fitness center, on-site dining, and more—enhancing the property’s rental appeal. Whether you're looking for a hands-off investment or a vacation home with income potential, this villa is a strong performer in one of Florida’s premier resort destinations.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history418 days on market
- Status: ActiveDec 4, 2025
- Listed$479,000Feb 27, 2025
- Price reduced$419,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 418
- Subdivision
- Villas Hammock Beach Ph 8
- County
- Flagler
- Year built
- 2005
- Living area
- 1,264 sq ft
- Price/sq ft
- $331
- Lot size
- 25,860 sq ft
- Flood zone
- X
- Annual taxes
- $4,152 (2024)
- Parcel #
- 04-11-31-3605-00140-1414
- Zoning
- PUD
- MLS #
- FC307688
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Carpet, Hardwood, Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Crown Molding, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s)
- Laundry
- Inside, Laundry Closet
- Stories / Levels
- Three Or More
- Direction faces
- North
Heating & Cooling
- Heating
- Electric, Heat Pump
- Cooling
- Central Air
Parking
- Parking features
- Common, Covered, Ground Level, Guest, Open, Basement
HOA & Financial
- HOA fee
- $896 / Monthly
- Monthly HOA
- $896/mo
- Total monthly fees
- $896/mo
- Total annual fees
- $10,752
- HOA name
- Tomoka Property Management - Lee Brown
- CDD
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors
- Construction materials
- Block, Concrete, Stucco
- Roof
- Tile
- Foundation
- Slab
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | |
| Living Room | First | |
| Primary Bedroom | First | |
| Bedroom 2 | First | |
| Bedroom 3 | First | |
| Primary Bathroom | First | |
| Bathroom 2 | First |
Listing Details
- Listing date
- 2025-02-27
- On market date
- 2025-02-27
- Original list price
- $479,000
- Occupant type
- Tenant
- MLS area
- 32137 - Palm Coast
- Listing AOR
- Flagler
- Status changed
- 2025-12-04
- Tax legal description
- VILLAS AT HAMMOCK BEACH CONDO PHASE 8 PARCEL 14 UNIT 1414 & UNDIVIDED INTEREST IN COMMON ELEMENTS OR 1275/229 OR 1441/1753 OR 1916/703 OR 2326/1791
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Palm Coast Parkway East over the Hammock Dunes Bridge straight on Hammock Dunes Parkway. Turn right onto 16th Road then left through security gate.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 27, 2026 at 9:47 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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