173 Ocean AVENUE, New Smyrna Beach, FL 32169

$8,000,000 Asking Price

3 beds
3 baths
2,574  sqft
Built in 2005

Welcome to your slice of paradise in New Smyrna Beach, FL, where luxury meets potential investment opportunity! Nestled between the tranquil intercoastal river and the pristine shores of the Atlantic Ocean, this beautiful property boasts an enviable location just moments away from the vibrant Flagler Ave. Spread across over 1 acre of prime real estate, this gem offers endless possibilities, particularly for savvy investors looking to capitalize on its multifamily development potential. Ascending three floors, this exquisite residence harmoniously blends functionality with elegance. The ground floor presents a spacious three-car garage, providing ample storage and convenience for residents. Ascend to the second floor, where an inviting living room seamlessly flows into a gourmet kitchen, ideal for hosting gatherings and creating lasting memories. A thoughtfully placed bathroom adds convenience to this level. Journey to the pinnacle of luxury on the third floor, where tranquility awaits in the form of spacious bedrooms, complemented by three opulent bathrooms and a convenient laundry room, ensuring comfort and practicality for residents. Beyond the allure of the property itself, its location in one of the most coveted areas of New Smyrna Beach further enhances its desirability. With easy access to Flagler Ave, residents can indulge in the eclectic mix of boutiques, restaurants, and entertainment options just moments from their doorstep. For the discerning investor, this property represents not only a luxurious retreat but also a lucrative opportunity for multifamily development. With the potential to capitalize on the burgeoning demand for upscale housing in this coveted locale, the possibilities are limitless. Don't miss your chance to own a piece of paradise with unparalleled investment potential. Contact us today to seize this rare opportunity to turn dreams into reality along the shores of the enchanting India River and Peninsula


Features & Amenities

Interior

General:
Attic Fan, Cathedral Ceiling(s), Ceiling Fans(s), Split Bedroom, Vaulted Ceiling(s)
Appliances:
Cooktop, Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator
Laundry:
Inside
Flooring:
Carpet, Tile, Hardwood
A/C:
true, Central Air
Heating:
true, Central

Exterior

General:
Hurricane Shutters, Irrigation System

Construction

Roofing:
Metal
General:
Cement Siding, Concrete, Three Or More, Slab

Location

Road/Access:
Paved
Originating MLS:
Stellar MLS
County:
Volusia

Lot

Zoning:
R2, 16-17-34 UNPLATTED PART OF S 680 FT OF GOVT LOT 2 BEING E351.68 FT MEAS ON N/L OF N 120 FT MEAS ON E/L PER OR 4960 PG 777 PER OR 5474 PG 2078, 16173400000012

Utilities

Utilities:
Other
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Stellar MLS
Buyers Agent Compensation:
3%
NA Compensation:
0%

This listing courtesy of:
REALTY PROS ASSURED, Cheryl Gray

About New Smyrna Beach, FL

Housing

Number of Units
26,937
Median Home Value
$290,076
Median Rent
$1,088

20.90% of housing units are renter occupied.

26.50% are vacant.

Commute

Car
54.73%
Public Transportation
0.33%
Walk to Work
1.09%
Work from Home
42.34%
Other
0.63%

The median travel time to work is 15 minutes.

People

Population
40,806
Median Age
55.80
Median Household Size
2.35

Education

High School
26.79%
Associate’s Degree
10.62%
Bachelor’s Degree
22.16%
Graduate Degree
10.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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