Property Description:
Seize this rare opportunity to acquire a single-family home just three blocks from the prime area of Flagler Beach — an investment at a price point that is seldom available. Currently, this is the most affordable pool home in the entire zip code, with the next least-expensive option priced at $474,000 — $100,000 more than this offering. The home features a newer roof from 2020, an A/C unit from 2016, updated shutter blinds, and well-maintained light fixtures throughout. Additionally, the heated pool and Jacuzzi add to the home’s appeal, while the powered shed in the backyard provides extra functionality. Just two houses down, brand-new construction further enhances the neighborhood’s value and desirability.
While this property did experience water damage from Hurricane Ian, the water remediation process has been completed, leaving only cosmetic renovations needed throughout. A detailed breakdown of estimated work is available for review.
The MLS comps strongly support a consistent after-repair value (ARV), with renovated flips — each featuring 2 bedrooms, 2 bathrooms, and a one-car garage within 200 square feet of this property — closing at an average of $520,000, with the potential to reach or exceed $540,000.
Don’t miss this lucrative investment opportunity.