Residential Property - Condominium in Palm Coast
Listing Price: $269,000 (Mortgage Calculator →)Cumulative Days on Market: 143
Description of Property
Welcome to 59 Rivers Edge Lane in Palm Coast—a move-in ready, ground-floor condo in the desirable gated community of Marina Cove. This 2-bedroom, 2-bathroom unit offers 1,020 square feet of living space and one of the most serene water views available in the area. Located directly along the Intracoastal Waterway, this property is currently vacant and stands as the lowest-priced condo in the community, making it an exceptional opportunity for buy-and-hold investors seeking a strong rental asset. Inside, the condo features tile flooring throughout, a practical kitchen pass-through to the living area, and a spacious screened lanai where you can relax while watching boats, dolphins, and manatees drift by. The A/C was replaced in July 2020 and comes with a transferable warranty, adding peace of mind for future owners or tenants. Marina Cove is known for its peaceful, waterfront lifestyle and strong community amenities. Residents enjoy access to a private marina with available boat slips, a clubhouse, community pool, tennis and pickleball courts, a putting green, shuffleboard, bocce courts, and scenic walking paths. The HOA covers building insurance, grounds maintenance, sewer, trash, security, and importantly—water is included in the monthly fee. All building roofs were replaced in 2023, further enhancing long-term value. Located just minutes from Palm Coast Marina, the Palm Harbor Golf Club, and the shops and dining of European Village, this condo provides easy access to the best of coastal Florida living. Investors will appreciate the rental income potential in a high-demand area, with comparable units leasing around $1,900 a month. Whether you're looking to expand your investment portfolio or secure a low-maintenance waterfront retreat, this property checks all the boxes for value, location, and opportunity.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Palm Coast
County: Flagler
Subdivision: Marina Cove
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,020
Sq. Ft. Living Area: 1,020
Cost per (heated) sqare foot: $264
Year built: 1990
Annual Tax: $3,013
HOA Fee: $725 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Water
Appliances: Washer
Flooring: Tile
Schools
Elementary School: Old Kings Elementary
Middle/Junior High School: Indian Trails Middle-FC
High School: Matanzas High
Pool & Waterfront Info
Private Pool: Not specified
Water Frontage: Waterfront
Water Access: Yes
Water Access Type: Marina
Exterior & Construction
Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Sliding Doors
Floors Total: 3
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Screened
Security Features: Security Gate
Other Structures: Tennis Court(s)
View: Water
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features: Tennis Court(s)
Association Amenities: Tennis Court(s)
Lot Information
Lot Size (acres): 0.02
Lot Size (sq. ft.): 1,066 square feet
Front Exposure: North
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 0511314075001300590
Zoning: MPD
Pets Allowed/Pet Policies: Dogs OK
Tax Legal Desc.: MARINA COVE CONDO PHASE 13 UNIT 59 OR 440 PG 353 OR 520 PG 1453(CD) OR 738 PG 879 OR 947 PG 1720 OR 1359 PG 660 OR 1833/1407 OR 1870/61 OR 2478/1117
Section: 5
Range: 31E
Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.