We are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Floridas fastest growing coastal markets.
For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit given their luxury finishes, modern amenities, and prime waterfront location offers significant upside.
Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high margin unit by unit sales, taking advantage of robust buyer demand for quality residences in Palm Coasts Riverfront district. Please note that the seller will accept cryptocurrency as a form of payment for this exceptional property.
Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth building vehicle.
We are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Floridas fastest growing coastal markets.
For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit given their luxury finishes, modern amenities, and prime waterfront location offers significant upside.
Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high margin unit by unit sales, taking advantage of robust buyer demand for quality residences in Palm Coasts Riverfront district. Please note that the seller will accept cryptocurrency as a form of payment for this exceptional property.
Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth building vehicle.
Features
Building and Construction
Covered Spaces: 0.00
Flooring: Ceramic Tile
Living Area: 31806.00
Other Structures: Garage(s)
Roof: Shingle
Property Information
Property Condition: Completed
Land Information
Lot Features: Cul-De-Sac, Curb and Gutters, Fire Hydrant, City Limits, Landscaped, Near Golf Course, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 19 to 30, Common, Deeded, Ground Level, Over 30 Spaces
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Electric: 200+ Amp Service
Heating: Central, Electric, Heat Pump
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: BB/HS Internet Capable, Public, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Accessibility Features: Accessible Approach with Ramp, Accessible Common Area, Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)
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