CENTURY 21 Edge
$1,098,999$1,490,0005 bd5.5 ba3,639 sqft$302 /sqft$7,026 /mo all-in ↓

54 OCEAN ST, PALM COAST, FL, 32137

Active347 days on marketListed Aug 21, 2025MLS #FC312117

Reduced $391KPrivate poolSingle Family ResidenceMARINELAND ACRES

About this home

54 OCEAN ST

Ultimate Beachside Living in Palm Coast, FL! Custom-Built 5BR/5.5BA Luxury Home | 100 Yards to the Beach Walkover at the end of the street-Zoned for VACATION RENTAL!!! | Lavish Pool | Elevator | Oversized Garage Live the coastal dream in this one-of-a-kind custom-built beach house just 100 yards from the beach walkover in beautiful Palm Coast, Florida. Designed for those who crave sunshine, sand, and style, this immaculate home combines modern luxury with a laid-back beach lifestyle. This property can be AirBnB, Income projections are available upon request. FEATURES YOU’LL LOVE: Lavish Second-Floor Pool with Southern Exposure — soak up the sun all day long in your private retreat! Elevator to all three floors for easy access and convenience. Massive Garage with built-in custom shelving and extra storage for beach gear, bikes, paddleboards, and more. 5 Spacious Bedrooms | ?? 5.5 Designer Bathrooms — plenty of space for family, guests, or a vacation rental. Sustainable Cork Flooring throughout for comfort, beauty, and durability. Heated Bathroom Floors and Floor-to-Ceiling Tile in every bathroom for spa-like luxury. Central Vacuum System on all three floors for effortless cleaning. Three-Zone A/C System — individual climate control for each floor. Alarm System for peace of mind, whether you're home or away. This is a one-owner home, crafted with care and meticulous attention to detail — the perfect blend of form, function, and coastal elegance. Wake up to sea breezes, stroll to the beach in minutes, relax in the sun-drenched pool, and entertain in style. Whether you’re seeking a full-time residence, vacation getaway, or investment property, this beachside gem checks all the boxes. Nestled in a quiet, beachside neighborhood in Palm Coast with easy access to local restaurants, golf courses, and scenic coastal trails. ATTENTION INVESTORS!!!! High-Income Luxury Short-Term Rental in Fast-Growing Coastal Market "The Hammock" best kept secret in Florida. Located just steps from the sand in the highly desirable Hammock area of Palm Coast, this exceptional 5-bedroom, 5.5-bath coastal retreat at 54 Ocean St offers a rare combination of luxury, location, and proven income potential. Spanning over 3,600 sq ft, the home features a private pool, elevator, high-end finishes, and an unbeatable walk-to-beach location (~100 yards). Positioned in one of the area’s strongest vacation rental corridors near Ritz Carlton, Hammock Beach Golf Resort & Spa and Cinnamon Beach, the property is ideally suited for premium short-term rental performance. It's large footprint and high guest capacity makes it especially attractive for group and multi-family stays, supporting strong nightly rates and consistent occupancy. Estimated average nightly rate: $450–$550 Peak season rates: $700 Potential gross annual income: $100,000-$125,000+ Zoned for short-term vacation rentals This property sits in a rapidly growing coastal community, benefiting from increasing tourism demand and regional expansion along Florida’s northeast coast. Within driving distance of major destination hubs including St. Augustine (~30–40 minutes) and Orlando (~60 minutes), providing access to world-famous historic attractions, entertainment, theme parks, and international air travel. With a limited supply of large luxury beach homes in this corridor and steadily increasing demand, this asset is positioned for both strong cash flow and long-term appreciation.

Facts & features

The home at a glance

5

Bedrooms

5.5

Bathrooms

3,639

Sqft

0.21 ac

Lot size

3

Garage

2007

Year built

Three Or More

Levels

$302

Per sqft

Private poolFireplaceWater view

Inside

FlooringCeramic Tile · Cork
AppliancesDishwasher · Disposal · Dryer · Electric Water Heater · Range · Refrigerator · Washer
InteriorCeiling Fan(s) · Central Vacuum · Eating Space In Kitchen · Elevator · Walk-In Closet(s) · Window Treatments
LaundryElectric Dryer Hookup · Inside · Laundry Room · Upper Level · Washer Hookup
CoolingCentral Air · Zoned
HeatingCentral · Zoned

Outside & construction

RoofBuilt-Up · Membrane
ConstructionConcrete · Stucco
FoundationSlab
ViewWater
FacesNorth
ExteriorLighting · Private Mailbox

Community & fees

Taxes (2024)$6,286/yr

Utilities & systems

UtilitiesCable Available · Cable Connected · Electricity Available · Electricity Connected · Water Available · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$7,026 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$5,930
PMI (est., until 20% equity)$412
Property tax — 2024 actual bill$524
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $109,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $109,900
Interest rate6.00%
Loan term

Estimated payment

$7,026/mo

Principal & interest$5,930
PMI (est., until 20% equity)$412
Property taxes (actual bill)$524
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Palm Coast actives

$302 vs $218

Days on market

347 vs 47 typical

Where $302/sqft sits among the 400 Palm Coast actives

223
71
37 · this home
29
15
25
$160–229$229–297$297–366$366–435$435–503$503+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Palm Coast

Map of 54 OCEAN ST

Get to know Palm Coast. See the full Palm Coast guide →

PALM COAST 32137 — neighborhood snapshot

Population

47,003

Median age

56.5

Median income

$78,731

Median home value

$360,600

Avg household

2.3

Households w/ children

3,437

For the school run

Flagler County School District

HighMatanzas High School★★★★
MiddleIndian Trails Middle School★★★★★
ElementaryOld Kings Elementary School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Palm Coast market

Seller’s marketBalanced5.8 months of inventoryBuyer’s market

$353K$373K

Palm Coast median sold, yr/yr

96.9%

Sale-to-list ratio (12 mo)

168 of 400

Palm Coast actives have cut their price

Median sold price, Palm Coast, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 189% above the PALM COAST 32137 median. See the full Palm Coast market guide →

Paper trail

This home's history

CurrentPrice reduced to $1,098,999 $391K
Aug 21, 2025Listed at $1,490,000 · 347 days on market since
2007Built · MARINELAND ACRES

Reality check

What actually sold near 54 OCEAN ST

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

71 ROLLINS DRIVESold · Oct ’25

$969,000

71 ROLLINS DRIVE · same community

3 bd · 3 ba · 3,264 sqft · $297/sqft · 405 DOM

56 OCEAN STREETSold · Feb ’26

$835,000

56 OCEAN STREET · same community

2 bd · 3 ba · 2,304 sqft · $362/sqft · 64 DOM

25 ROLLINS DUNES DRIVESold · May ’26

$1,672,000

25 ROLLINS DUNES DRIVE

4 bd · 3.5 ba · 3,968 sqft · $421/sqft · 122 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Robert Holmgren

Your agent

Robert Holmgren

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 54 OCEAN ST — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 54 OCEAN ST — before you fall in love.

See it in person

Schedule a tour

Live availability from Robert's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

54 OCEAN ST FAQs

What would the monthly payment be for 54 OCEAN ST?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,026/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 54 OCEAN ST?+

The most recent tax bill on record (2024) was $6,286. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Palm Coast?+

At $1,098,999, this home is listed about 178% above the Palm Coast median of $395,000. The market section on this page shows how the area is trending.

Which schools are assigned to 54 OCEAN ST?+

Matanzas High School (high), Indian Trails Middle School (middle), Old Kings Elementary School (elementary) — Flagler County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$1,098,999 runs 189% above the PALM COAST 32137 median — but at 3,639 sqft it's also nearly twice the size of the typical Palm Coast listing.

02Your own pool

A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.

03Time on market is leverage

347 days on market against a Palm Coast median of 47 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Matanzas High School, Indian Trails Middle School, Old Kings Elementary School — Matanzas High School rates 4 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $1,490,000, now $1,098,999 — a $391K cut. The full history is in the market section below.

Listing courtesy of COLDWELL BANKER (HAMMOCK) · Jennifer Jewels. MLS #FC312117.

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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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