Palm Coast History: From Swamp to One of Florida’s Fastest Growing Cities! Before the golf courses, waterfront homes, and palm lined parkways, Palm Coast was untouched Florida wilderness. In 1969, a development arm of ITT Corporation called ITT Community Development Corporation purchased roughly 68,000 acres of pine forest and wetlands in Flagler County, one of the least populated counties in Florida at the time. There was no city here. Just logging trails, swamp land, and long term vision. ITT