Park Place — Palm Coast's small, established 55+ neighborhood
Park Place is a completed gated 55+ community built in Palm Coast's P Section — a residential area on the west side of US-1, well established with nearby shopping, services, and the Palm Coast Parkway corridor. The community was built by a combination of Seagate Homes and Holiday Homes, with construction completed in the 2010s. All 123 homes are resale inventory.
Amenities are community-scale rather than resort-scale: a pool with a cabana area, shuffleboard courts, a putting green, and an outdoor kitchen. For buyers who find Latitude Margaritaville overwhelming in scale or expensive in HOA cost, Park Place offers a quieter, neighborhood-feel alternative in the same northeast Florida market at a lower carrying cost.
The trade-off is straightforward: Park Place has significantly less social infrastructure, no beach club, no organized lifestyle programming, and no fitness center. It is a small gated community for buyers who want 55+ age assurance and a maintained common area without paying for a resort operation they may not use.
- Gated entrance
- Community pool with cabana
- Shuffleboard courts
- Putting green
- Outdoor kitchen / gathering area
- HOA-maintained common areas and landscaping
Flagler County taxes for Park Place buyers
Park Place is in Flagler County (City of Palm Coast). Effective property tax rate after the standard $50,000 homestead exemption runs approximately 1.05%. As a fully resale community, the Save Our Homes reset applies — your assessed value resets to purchase price.
| Purchase Price | After $50K Homestead | Est. Annual Tax | Monthly (prorated) |
|---|---|---|---|
| $270,000 | $220,000 | ~$2,310 | ~$193/mo |
| $330,000 | $280,000 | ~$2,940 | ~$245/mo |
| $400,000 | $350,000 | ~$3,675 | ~$306/mo |
Estimated carrying costs — Park Place vs. the alternatives
Park Place carries a lower HOA fee than resort communities — verify the current amount directly with the HOA. The cost advantage over Latitude Margaritaville is substantial on a monthly basis. The question is whether the amenity reduction matches your retirement lifestyle.
| Component | $300K Home | $370K Home |
|---|---|---|
| HOA Fee (verify with HOA) | Verify | Verify |
| Property Tax (prorated) | ~$219/mo | ~$272/mo |
| Homeowners Insurance | ~$155–$210/mo | ~$175–$240/mo |
| Monthly Total (excl. HOA & mortgage) | ~$374–$429 + HOA | ~$447–$512 + HOA |
Park Place's HOA fee is typically lower than resort-scale 55+ communities. If the HOA runs $150–$200/month (verify current rate), the total carrying cost lands well below $600/month on a $300K home — making it one of the more affordable ownership options in the northeast Florida 55+ market.
Related Research
Comparing Park Place to other options?
We can help you understand the cost difference between small communities like Park Place and larger resort communities in this market.
Get Free Research Help →Tax estimates use Flagler County's median effective rate of approximately 1.05% after standard homestead exemption. HOA fees must be verified with the Park Place HOA. Insurance estimates are ranges based on current Flagler County market conditions. Nova55Living has no financial relationship with Park Place or its management.