Palm Coast and Flagler County, Florida has had 128 home sales in October, 2010. Only 3 of the homes sold in October 2010 were over $500K. That is a bit concerning considering there are currently 179 homes priced over $500,000 for sale in Palm Coast and Flagler County. At a rate of 3 selling per month…it would take many years for the inventory of luxury homes to clear the market….which shows that the majority of luxury homes in Palm Coast and Flagler County are still OVERPRICED. As sellers become fatigued waiting for buyers to purchase their homes, the prices fall. When the prices finally hit an attractive level, the buyers are coming in and purchasing, but at even deeper discounts than the last asking price as you will see in the just sold properties featured below.

Here are the top 3 most expensive sales for the Month of October.

What I would like to point out, is the low sales prices for what is considered in Palm Coast. These were the three highest priced homes sold this month.

This is a great way of showing how far your money goes in .

The following data is gathered from the Palm Coast, Flagler County MLS IDX

The Three Most Expensive Palm Coast Home Sales

October 2010

134 HARBOR VILLAGE PT Palm Coast, FL 32137

yachtharbor

Yacht Harbor Village ~ This was offered as a regular sale, not a or at an original asking price of $1,300,000 This amazing Builder Model home was then price reduced down to an asking price of $995,000 before it attracted a buyer that just closed sale at $750,000. Featuring 3 Bedrooms, 3 Bathrooms and 4271 living square feet. This home sits on an oversized lot in overlooking a 209 slip Marina. The current working tax assessed value on this home for 2010 is $373,242. There is not a previously recorded sale price for this home in the public records…but the vacant lot it is built upon sold in 2004 for $400,000.

18 ROLLINS DUNES DRIVE Palm Coast, FL 32137

rollinshouse

Northern Peninsula Flagler County ~ This just sold home is located in the Rollins Dunes community of Palm Coast on the Northern Peninsula just north of and

The home has 4 Bedrooms, 3 Bathrooms and 3597 living square feet. This three story home is walking distance to the beach and sits on an oversized lot of 16,000 sq feet.

Listed over a year ago for $949,000… it wasn’t until a price reduction down to an ask price of $699,00 did it become attractive to buyers. The final sales price was further discounted and the home just closed sale for $560,000. The current working tax assessed value for the home in the Flagler County Tax Rolls is $379,014. The last recorded sale of the home was for the vacant land only in 2001 for $73,000.

18 Hammock Beach Pkwy Palm Coast, FL 32137

oceanhammock

~ This just sold home is located in the gated , Jack Nicklaus Golf Community of .

This home featured 4 bedrooms, 4.5 bathrooms and 4643 living square feet. This was originally listed for $668,500 and then price reduced with the last listing price before sale being $603,200. The home just closed sale for $580,000

The home was listed as a , The home was built in 2008 and the previous recorded sale was for the land only in 2004 for $214,000. The current working tax assessed value for 2010 is $595,506.

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The Ross/Collins Team can be reached at 386-931-5822 or email:PalmCoastMLS@gmail.com

We are are available to help you relocate to or within Northern Florida including Palm Coast, Flagler Beach, Flagler County, The Hammock and Marineland, Florida.

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PalmCoastMLS@gmail.com | phone: 386.931.5822

PRUDENTIAL WARREN REAL ESTATE. 5055 N. OCEANSHORE BLVD.
PALM COAST, FL

* Important Notice – The content relating to real estate for sale on this web site comes in part from the IDX program of the Flagler County MLS. Listing content is copyright ©2010 Flagler County MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.