11 Riddle Drive, Palm Coast, FL 32164
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: tony garren, p. jordan farrell
Office: florida beaches real estate
MLS#:FC318586
Source:MFRMLS
Price summary
- Price:$375,000
- Price per sq. ft.:$102.74
About this home
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....
Contact an agent
Home facts
- Year built:2006
- Listing ID #:FC318586
- Added:6 day(s) ago
- Updated:May 25, 2026 at 01:18 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Linoleum
- Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator, Solid Wood Cabinets
- Bedroom Description:High Ceilings, Primary Bedroom Main Floor, Walk-In Closet(s)
- Living area:2,957 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2006
- Building area:2,957 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Landscaped, Level, Paved
- Construction Materials:Brick
- Exterior Features:Patio, Private Mailbox
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Matanzas High
- Middle school:Indian Trails Middle-FC
- Elementary school:Rymfire Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Holding Tank, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$102.74
- Tax amount:$6,444 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Water Heater, Irrigation Equipment, Microwave, Range, Refrigerator
- Laundry features:Dryer, Inside, Laundry Room
- Amenities:BB/HS Internet Available, Cable Connected, High Ceilings, Irrigation Equipment, Open Floorplan, Phone Available, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Pool features:Public Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:2
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