Attention investors! Skip the vacancy, skip the renovations, and step directly into immediate cash flow with this tenant occupied income producing property at 11 Riddle Drive in Palm Coast. This spacious 5 bedroom, 3 bathroom home offers approximately 3,000 living square feet on just under a quarter acre lot and is already equipped with what every investor wants… built in income from day one. This property comes with established tenants already in place under a current 2 year lease and is currently producing $3,000 per month in rental income, creating immediate cash flow without the hassle of vacancy, marketing, or tenant placement. Even better, the tenants have expressed interest in continuing their occupancy beyond the current lease term, providing strong long term stability potential for the next owner. Built by Adams Homes, quality stands out immediately. Unlike many homes built with brick veneer accents, this home features true brick construction, offering durability, craftsmanship, timeless curb appeal, and the solid feel Adams Homes are known for. Major capital improvements have already been taken care of, helping make this an attractive low maintenance investment opportunity for years to come. The home received a new architectural shingle roof in 2021 along with a new AC system and hot water heater in 2025, significantly reducing concerns over large ticket repair items and helping provide peace of mind for future ownership. Beyond the immediate income opportunity, this property also offers future upside potential through equity growth and appreciation. As the Palm Coast market continues to develop and mature, investors have the opportunity to benefit not only from monthly cash flow, but also long term wealth building through future appreciation. Whether you are looking to expand your portfolio, secure a long term hold, or add a strong performing asset with immediate income potential, this property checks all the boxes. Cash flowing opportunities with built in tenants, updated major systems, and long term upside do not come around often. This could be the next cash cow your portfolio has been waiting for.
For sale
$375,000
11 Riddle Dr, Palm Coast, FL 32164
5beds
2,957sqft
Single Family Residence
Built in 2006
10,019 Square Feet Lot
$362,100 Zestimate®
$127/sqft
$-- HOA
What's special
True brick construction
- 33 days |
- 508 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tony Garren 386-237-7079,
FLORIDA BEACHES REAL ESTATE 386-986-6744,
P. Jordan Farrell 386-986-6744,
FLORIDA BEACHES REAL ESTATE
Source: Stellar MLS,MLS#: FC318586
Originating MLS: Flagler
Originating MLS: Flagler
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Area: 306.77 Square Feet
- Dimensions: 23.4x13.11
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
- Area: 146.72 Square Feet
- Dimensions: 11.2x13.1
Bedroom 5
- Features: Built-in Closet
- Level: First
Bathroom 4
- Features: Built-in Closet
- Level: Basement
Dining room
- Level: First
- Area: 169.2 Square Feet
- Dimensions: 12x14.1
Kitchen
- Level: First
- Area: 267.4 Square Feet
- Dimensions: 19.1x14
Laundry
- Level: First
- Area: 600 Square Feet
- Dimensions: 75x8
Living room
- Level: First
- Area: 868.81 Square Feet
- Dimensions: 25.11x34.6
Heating
- Central, Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator
- Laundry: Inside, Laundry Room
Features
- High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Linoleum
- Windows: Blinds, Window Treatments
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 3,650
- Total interior livable area: 2,957 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Irrigation System, Private Mailbox, Storage
Lot
- Size: 10,019 Square Feet
- Features: City Lot, Landscaped, Level
Details
- Additional structures: Shed(s)
- Parcel number: 0711317031001600100
- Zoning: DPX
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2006
Details
- Builder model: 3000
- Builder name: Adams Homes
Utilities & green energy
- Sewer: Holding Tank, Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: PALM COAST SEC 31
HOA
- Has HOA: No
Location
- Region: Palm Coast
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $347,961
- Annual tax amount: $6,444
- Date on market: 5/18/2026
- Cumulative days on market: 33 days
- Ownership: Fee Simple
- Total actual rent: 36000
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$362,100
$344,000 - $380,000
$2,285/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $375,000+45.1%$127/sqft |
Source:  Stellar MLS #FC318586 Report a problem | ||
| 9/16/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 8/30/2022 | Price change | $2,200-8.3%$1/sqft |
Source: Zillow Rental Network_1 #FC285864 Report a problem | ||
| 8/5/2022 | Listed for rent | $2,400+68.4%$1/sqft |
Source: Zillow Rental Network_1 #FC285151 Report a problem | ||
| 6/8/2016 | Listing removed | $1,425+1.8% |
Source: Watson - Palm Coast Report a problem | ||
| 2/7/2015 | Listing removed | $1,400 |
Source: Watson - Palm Coast Report a problem | ||
| 1/17/2015 | Listed for rent | $1,400 |
Source: Watson - Palm Coast Report a problem | ||
| 11/30/2006 | Sold | $258,400$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,190 +4% | $333,643 +10% |
| 2023 | $5,953 +6.3% | $303,312 +10% |
| 2022 | $5,598 +13.4% | $275,738 +10% |
| 2021 | $4,937 +9.5% | $250,671 +10% |
| 2020 | $4,508 -0.1% | $227,883 +1.2% |
| 2019 | $4,511 +8.2% | $225,178 +10% |
| 2018 | $4,171 +6.7% | $204,707 +6.8% |
| 2017 | $3,909 | $191,696 +9.6% |
| 2016 | $3,909 +9.6% | $174,927 +1% |
| 2015 | $3,567 +0.3% | $173,120 +20.9% |
| 2014 | $3,556 | $143,203 +1.5% |
| 2013 | -- | $141,087 +1.7% |
| 2012 | -- | $138,729 -9.1% |
| 2011 | -- | $152,565 -7.8% |
| 2010 | -- | $165,550 -15.4% |
| 2009 | -- | $195,647 -6.4% |
| 2008 | -- | $209,056 -15.2% |
| 2007 | -- | $246,412 +358.9% |
| 2006 | -- | $53,700 +61.3% |
| 2005 | -- | $33,300 +108.1% |
| 2004 | -- | $16,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32164
Nearby schools
GreatSchools rating
- 7/10Rymfire Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Indian Trails Middle SchoolGrades: 6-8Distance: 5.4 mi
- 5/10Matanzas High SchoolGrades: 8-12Distance: 6.9 mi
Schools provided by the listing agent
- Elementary: Rymfire Elementary
- Middle: Indian Trails Middle-FC
- High: Matanzas High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Flagler County
- Palm Coast
- 32164
- 11 Riddle Dr
Nearby cities
Nearby zip codes
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