Rare Oceanfront New Smyrna Beach

Description

Located in one of Florida’s most exquisite, luxurious, and highly sought-after streets on the Atlantic Coast, is this ultra-rare beachfront gem ready to be brought back to life.

Sitting on almost half an acre of land in a non-traffic beach area, in a well-established neighborhood, is this single-family home directly on the beach. This home has 5 bedrooms, 2 flex rooms, 3 bathrooms, a 2-car garage, and an open-air loft. This home is being offered slightly above its tax-assessed value.

The home will require a full cosmetic and exterior update to bring the highest value for this investment. The beautifully constructed deck and wrap-around balcony were completely restored in 2019, along with an update of the HVAC system that consists of three eco-friendly, energy efficient, geothermal A/C units, with cutting-edge technology that uses their own well for cooling & heating. We recommend high-end finishes to garner our conservative $3.45 million ARV. This will include replacing the roof, high-end flooring, kitchen and bathrooms.

This opportunity is one of a kind, especially located right on the beach in one of Florida’s most vibrant cities.