$8,900,000
Palm Coast, FL 32137
MLS# 2134046
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Property Description
160-200 Unit Condo or Apartment Development Site - Infrastructure in Place Rare opportunity to acquire a multifamily development site in rapidly growing Palm Coast suitable for condominium or apartment construction. Prior plans supported 160 residential units with potential for up to 200 units with variance, offering strong upside for developers and investors. Infrastructure is already in place, providing a major head start for development and potential savings in time and construction costs. Seller will provide site plans, engineering reports, and development documentation to qualified buyers. Conveniently located near I-95, shopping, healthcare, and area beaches, with easy access to Jacksonville and Daytona Beach. Palm Coast continues to experience strong population growth, creating increasing demand for new housing.
Details
General Property Information
Lot Size Acres: 22
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: I-95 S TAKE EXIT 289 toward PALM COAST TURN LEFT onto COAST PKWY SW 1.5 MILES TURN RIGHT onto COLBERT LN 3 MILES TO PRESERVE LN ON RIGHT
Public Remarks: 160-200 Unit Condo or Apartment Development Site - Infrastructure in Place
Rare opportunity to acquire a multifamily development site in rapidly growing Palm Coast suitable for condominium or apartment construction. Prior plans supported 160 residential units with potential for up to 200 units with variance, offering strong upside for developers and investors. Infrastructure is already in place, providing a major head start for development and potential savings in time and construction costs. Seller will provide site plans, engineering reports, and development documentation to qualified buyers. Conveniently located near I-95, shopping, healthcare, and area beaches, with easy access to Jacksonville and Daytona Beach. Palm Coast continues to experience strong population growth, creating increasing demand for new housing.
List Price/Acre: 404545.45
Contract Information
Current Price: $8,900,000
Property Sub Type: Unimproved Land
Status: Active
List Price: $8,900,000
Listing Contract Date: 2026-02-26
Location Tax and Legal
Street Name: PRESERVE
Street Suffix: Lane
County: Flagler
State: FL
Postal Code: 32137
MLS Area Major: 601-Flagler County-North Central
Subdivision Name: The Preserve
Status Change Information
Major Change Timestamp: 2026-09-15T00:40:59Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-15T00:40:59Z
Property Features
Current Use: Multi-Family; Unimproved; Other
Lot Features: Many Trees; Other
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
View: Pond; Trees/Woods
Road Surface Type: Asphalt
Road Frontage Type: City Street
Listing Terms: Cash; Conventional; Other
Possession: Close Of Escrow; Other
Development Status: See Remarks
Listing Office: RARE REAL ESTATE LLC
Last Updated: September - 15 - 2026
Information deemed reliable but not guaranteed.