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$540,000
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Property Description
Offered fully furnished and already performing in the short-term rental program, this 3-bedroom, 2-bath corner villa at Hammock Beach Resort delivers immediate income potential! With 1,696 square feet of interior space and a prime location with ocean views, it consistently attracts strong rental demand. The corner-unit layout provides added light and space, beginning with a welcoming entry and extending through the tiled kitchen and living areas. The kitchen is well-appointed with granite countertops, wood cabinetry, stainless steel appliances, generous storage, and a dedicated eat-in area. Sliding doors open to a covered balcony with quiet breezes. The primary suite is designed for comfort, featuring a dual vanity, soaking tub, walk-in tile shower, and private water closet. Two additional bedrooms and a full bath accommodate guests with ease, while a spacious laundry room offers a stainless washer and dryer, built-in folding counter, and extra storage. Located within Hammock Beach Resort, owners and guests enjoy access to two championship golf courses, multiple pools, a fitness center, on-site dining, and a full suite of resort amenities. Ideal as a low-maintenance investment or a personal retreat that generates income when you're away.
Full Property Details
Full Property Details for 5 Ocean Crest Way #1431
General
- Price: $540,000
- HOA FEE: $896/month
- Taxes: $7,327 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: FC315174
- Updated: 1/10/2026
- Added to Site: 7 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 7
- Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Furnishings: Furnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Security/Safety: Gated Community, Key Card Entry, Security Gate, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors
- Deck/Patio: Covered, Patio, Porch
- Porch/Patio/Deck: Covered, Patio, Porch
Parking
- Parking Features: Common, Covered, Ground Level, Guest, Open, Reserved, Under Building
Location
- Area: 32137 - Palm Coast
- County: Flagler
- Development Name: 32137 - Palm Coast
- Subdivision: NORTHSHORE 05
- Driving 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.
- Direction Faces: North
School Information
- Elementary School: Old Kings Elementary
- Middle School: Indian Trails Middle-FC
- High School: Matanzas High
Community
- Community Name: 32137 - Palm Coast
- Community Features: Clubhouse, Community Mailbox, Fitness Center, Gated Community - Guard, Golf Carts OK, Golf, Pool, Restaurant, Sidewalks, Tennis Court(s)
- Association: Yes
- Assoc. Name: Tomoka Property Management - Lee Brown
- Assoc. Fees Include: 24-Hour Guard, Cable TV, Common Area Taxes, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance, Security, Sewer, Trash, Water
- Pet Restrictions: 999lbs.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Structural Information
- Architectural Info: Mediterranean
- Architectural Style: Mediterranean
- Exterior Const.: Block, Concrete, Stucco
- Roof: Tile
- Common Walls: Corner Unit
- Windows: Drapes, Rods, Shades
- Stories/Levels: One
- Square Feet: 1,696
- Sq. Ft. Source: Public Records
- Year Built: 2005
Lot Features
- Property View: Trees/Woods, Water
- Lot Size (Acres): 0.59
- Lot Size (Sq. Ft.): 25,860
- Lot Size: 25860
- Street/Road Desc.: Paved
Water Features
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Beach, Gulf/Ocean
Financial Considerations
- Association Fee: $896
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- CDD: Yes
- Tax Amount: $7,327.2
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: VILLAS AT HAMMOCK BEACH CONDO PHASE 8 PARCEL 14 UNIT 1431 & UNDIVIDED INTEREST IN COMMON ELEMENTS OR 1287/1319 OR 2311/535
- Flood Zone Info: X500
- APN: 411313605001401431
- Property ID: 411313605001401431
Listed by Coastal Gateway Real Estate Gr
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Schools
Schools serving 5 Ocean Crest Way #1431
School District:Flagler County School District
| Name | Grades | Distance |
|---|---|---|
Old Kings Elementary School 301 Old Kings Road South, Flagler Beach, FL 32136 | PK-5 | 9.1 mi |
Matanzas High School 3535 Old Kings Road North, Palm Coast, FL 32137 | 9-12 | 2.8 mi |
Indian Trails Middle School, Palm Coast, FL 5505 Belle Terre Parkway, Palm Coast, FL 32137 | 6-8 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Ocean Crest Way #1431
Date
Details
Price
Change
Source
1/10/2026
Listed
$540,000
8%
MLS
9/07/2021
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 Ocean Crest Way #1431
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,192
3%
$510,617
—
2024
$7,016
5%
$510,617
—
2023
$6,700
18%
$510,617
113%
2022
$5,701
86%
$240,100
—
2021
$3,057
1%
$240,100
3%
2019
$3,019
-12%
$233,200
9%
2018
$3,415
-11%
$214,100
-10%
2017
$3,817
-12%
$237,900
-10%
2016
$4,318
2%
$264,300
5%
2015
$4,253
10%
$252,779
10%
2014
$3,870
-1%
$229,800
—
2013
$3,899
—
$229,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 Ocean Crest Way #1431
5 Ocean Crest Way #1431, Palm Coast, FL 32137 (MLS# FC315174) is a Condo property with 3 bedrooms and 2 full bathrooms. 5 Ocean Crest Way #1431 is currently listed for $540,000 and was received on January 10, 2026. Want to learn more about 5 Ocean Crest Way #1431? Do you have questions about finding other Condo real estate for sale in Palm Coast? You can browse all Palm Coast real estate or contact a Coldwell Banker agent to request more information.

