$279,000

59 RIVERS EDGE LANE 59, Palm Coast, FL 32137

  • 2 beds |
  • 2 baths |
  • 1,020 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1990
  • Property Lot Size Icon871sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $274/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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.

Listing Status:
Active
Date Added:
June 24, 2025 at 05:00AM
Listing Office:
EXP REALTY LLC : 888-883-8509
Listing Agent:
Victor Hughley : 386-275-5477
MLS ID:
FC310774
  • General: Ceiling Fan(s)Living Room/Dining Room ComboPrimary Bedroom Main FloorThermostatWalk-In Closet(s)
  • Appliances: DishwasherDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
  • Laundry: Laundry Closet
  • Flooring: Tile
  • A/C: Central Air
  • Heating: Electric

This listing courtesy of Victor Hughley, EXP REALTY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wadsworth Elementary School

4550 Belle Terre Pkwy, Palm Coast, FL, 32164

Grades PK-5

3.70 miles away

I

Indian Trails Middle School

5505 Belle Terre Pkwy, Palm Coast, FL, 32137

Grades 6-8

3.85 miles away

M

Matanzas High School

3535 Old Kings Rd N, Palm Coast, FL, 32137

Grades 9-12

3.02 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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