Matanzas Woods
Northern Palm Coast's growth edge — the L-section's newer builds closest to St. Augustine and the new interchange.
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Matanzas Woods — What's Selling
Recent closed sales in and around Matanzas Woods, live from the Stellar MLS · about $194/sq ft · aggregates only, no addresses published.
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Background
A brief history
Matanzas Woods is the L-section, laid out at the northern reach of ITT's master plan where Palm Coast meets the road to St. Augustine. When ITT assembled roughly 68,000 acres beginning in December 1968 and platted the city into its alphabetized lettered sections, the L-section was set along Matanzas Woods Parkway in the city's north — original-ITT bones, but with much of its buildout still ahead of it. The entire L-section sits on the north side of Matanzas Woods Parkway, and for decades it was one of Palm Coast's quieter, less-connected northern reaches.
That changed decisively in March 2016, when the long-awaited Matanzas Woods Parkway interchange with I-95 (Exit 293) opened to traffic after roughly 18 years of lobbying and planning — a $12.5 million project that gave the north end of the city direct interstate access for the first time. The interchange transformed the L-section's prospects: suddenly the northern sections were minutes from I-95 and a quick run to St. Augustine, and new construction followed the new access. Matanzas Woods became a recognized growth edge, with newer builds filling in around the improved corridor.
The momentum continues. The Matanzas Woods Parkway expansion is moving forward — a roughly $31.5 million project, largely state-funded, to extend the parkway across the railroad tracks, with construction slated to begin in 2026. For the L-section, that ongoing investment cements its identity as the part of Palm Coast positioned for the next wave of northern growth, closest to St. Augustine and the interstate.
The feel
What it's like to live here
Matanzas Woods feels like Palm Coast's northern growth frontier: a mix of newer construction and original-ITT lots, quiet streets north of Matanzas Woods Parkway, and the practical advantage of being minutes from I-95 and the shortest run in the city to St. Augustine. The buyer mix skews toward commuters who value that interstate access, families drawn to the newer stock, and value-seekers who find the north end more attainable than the established core. It's largely open city in character — generous lots, no HOA on most streets, and a settling-in feel as the section continues to build out.
The honest tradeoffs are the tradeoffs of a growth edge. Services, retail, and the city's main amenity nodes are more concentrated to the south, so daily life leans on the car, and the section is still filling in — meaning vacant lots, ongoing construction, and a streetscape that's a work in progress. The Matanzas Woods Parkway expansion will bring years of roadwork to the corridor before it pays off in convenience. Buyers wanting a fully built-out, amenity-rich neighborhood should look to the established sections; buyers prioritizing interstate access, proximity to St. Augustine, and the upside of a developing area will find the L-section well-positioned.
The details
What to expect
I-95 Access & Growth
The L-section's defining advantage is the Matanzas Woods Parkway interchange with I-95 (Exit 293), open since March 2016, which gives the north end of Palm Coast direct interstate access and the city's shortest commute to St. Augustine. That access is the engine behind the section's newer construction and its growth-edge identity. The ongoing roughly $31.5 million parkway expansion across the railroad tracks (construction slated to begin in 2026) will further improve connectivity over time. Expect convenience to improve as the corridor matures, but budget for years of roadwork along Matanzas Woods Parkway in the interim.
New Construction & Vacant Lots
Matanzas Woods is a developing section, so newer construction sits alongside still-vacant original-ITT lots, and condition and age vary widely. New builds carry current wind-mitigation credits and modern systems, while any older homes should be checked for roof age, plumbing, and HVAC. Because the section is filling in, a vacant neighboring lot could be built on later — verify what's zoned and platted around any property if that matters to you. For buyers open to building, the L-section still offers buildable lots with interstate access, which is increasingly scarce.
Open City & Utilities
Much of the L-section is open city in character — generous lots and, on most streets, no homeowners association, which keeps carrying costs low. Utility availability is generally municipal water and sewer in the developed pockets, but on a partially-built northern section it's worth confirming exactly what serves the specific address rather than assuming, particularly for older or more remote homesites. Check whether any newer builder pocket within the section carries its own small HOA or CDD. Without a blanket HOA, individual-property due diligence carries more weight.
Location & Daily Logistics
Matanzas Woods sits at Palm Coast's northern edge, north of Matanzas Woods Parkway, which trades proximity to the city's main retail and amenity nodes for fast I-95 access and the shortest reach to St. Augustine. Daily errands, the hospital, and Town Center retail are a drive south, and Flagler Beach is farther east. The payoff is the commute: for someone working toward St. Augustine or up the I-95 corridor, the L-section's position is hard to beat in Palm Coast. Drive your actual commute and errand routine before committing, since the section's northern spread means some homes sit well off the parkway.
Reading the Market Carefully
Because Matanzas Woods is a thin, still-developing market, the raw sales data can be skewed by vacant-land transactions and unusual sales — the very low bottom-percentile figure over the last 12 months of MLS sales likely reflects lot or distressed transactions rather than typical finished homes. Lean on the median and on close comparables that match the specific property's age, size, and lot when pricing or making an offer. In a low-volume section, an experienced local read of the comps matters more than percentile math. Confirm whether a given comp was a finished home or a lot before relying on it.
Community
Amenities
- Matanzas Woods Parkway I-95 interchange (Exit 293) — direct interstate access since 2016
- Shortest commute in Palm Coast to St. Augustine via I-95
- Newer single-family construction alongside buildable original-ITT lots
- Generous lots on largely open city streets
- Ongoing Matanzas Woods Parkway expansion improving north-side connectivity (construction slated 2026)
- North-side location convenient to the U.S. 1 corridor
- Quiet residential streets north of Matanzas Woods Parkway
- Drive south to Town Center retail and the hospital cluster
Education
School assignments
- Flagler County Public Schools (Flagler Schools)
- Wadsworth Elementary School (verify zoning)
- Indian Trails Middle School (verify zoning)
- Matanzas High School (verify zoning)
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
Matanzas Woods is a smaller, wider-ranging market shaped by its growth-edge mix, and the last 12 months of MLS sales show it: 30 closings with a median of $342K, the bottom tenth at $75K, and the top tenth at $533K. That extraordinarily low 10th percentile almost certainly reflects vacant-land or lot sales and distressed or unusual transactions mixed into a still-developing section — so I read the median of $342K as the truer signal of where finished homes trade, right in line with the established core. The wide top end reflects newer and larger custom builds near the improved interchange. With only 30 sales, this is a thin, less liquid market where individual property and lot characteristics swing value heavily, so I caution buyers against over-relying on the raw percentiles and instead pricing the specific home and lot on its merits. — Ryan Solberg
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Homes available in Matanzas Woods
11 homes currently listed in Matanzas Woods.
$1,950 /mo
55 Louisiana Dr #A
Palm Coast, FL 32137
3 bd · 2 ba · 1,311 sqft
Matanzas Woods
MLS# FC319021
$535,000
4 Lake Charles Pl
Palm Coast, FL 32137
5 bd · 3 ba · 3,106 sqft
Matanzas Woods
MLS# FC316619
$330,000
14 Lee Dr
Palm Coast, FL 32137
4 bd · 2 ba · 1,775 sqft
Matanzas Woods
MLS# FC318894
$589,000
9 London Dr
Palm Coast, FL 32137
3 bd · 2 ba · 2,508 sqft
Matanzas Woods
MLS# FC317296
$407,500
13 Lemay Pl
Palm Coast, FL 32137
4 bd · 3 ba · 2,063 sqft
Matanzas Woods
MLS# FC316505
$439,900
25 Lansing Ln
Palm Coast, FL 32137
3 bd · 2 ba · 1,834 sqft
Matanzas Woods
MLS# FC316813
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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 June 11, 2026. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA