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.
