Ecologic Team

PRICE: $1,540,000 ·

ARV: $2,300,000 ·

Beds: 4 ·

Baths: 3.5 ·

Livable Sqft: 2,832 ·

Sqft: 3,398 ·

Lot Size: 0.44 Acres ·

Year Built: 1953 ·

Parking: Driveway + Carport ·

Pool: Private ·

N Riverside Dr, New Smyrna Beach, FL 32168

Taxes: $6,031 ·

Comp: $2,330,000 - $2,600,000

Description

Incredible luxury flip opportunity in the heart of New Smyrna Beach! This stunning 4 bed 🛏️ 3.5 bath 🛁 block home offers 2,838 sqft of living space on a sprawling 0.44-acre lot 🌴, zoned R1 with no HOA fees 🚫. Built in 1953, the home features central AC & mini splits ❄️, gas line installed in 2021 🔥, electric wood-burning fireplace 🔥🪵, and intercoastal water access 🚤🌊 — perfect for anyone seeking luxury living or an exceptional investment flip.

Although the roof needs replacement 🛠️, this property’s solid structure and premium location make it an investor’s dream. With an estimated rehab cost of $215K 💵, you’re looking at an ARV of $2.3M 💰, a gross return of 27.35% 📈, and an impressive ROI of 55.59% 🚀. The home sits on public water & sewer 💧, and property taxes are just $6,222/year. This is not only a home — it’s a coastal canvas ready for a high-end transformation!

Disclaimer:

Terms and conditions applicable to all transactions:

  1. Buyers must conduct their own due diligence.
  2. Properties are sold “AS-IS” without an inspection period.
  3. Buyer pays all closing costs.
  4. We sell assignable purchase contracts.
  5. No written or oral representations are made about the properties.
  6. A non-refundable earnest deposit is required.
  7. Proof of funds will be requested.
  8. We do not offer warranties on the property.
  9. We are not licensed contractors or appraisers.
  10. The seller holds an equitable interest in the property.

For properties under contract and for sale:

  1. Offers are cash or private money only.
  2. A minimum non-refundable deposit is required.
  3. Properties are sold “AS-IS” without contingencies.
  4. Buyers must conduct their own due diligence.
  5. Buyer pays all closing costs.
  6. Rehabilitation costs, taxes, and insurance are estimated.
  7. Open or expired permits are not a title defect.

We appreciate your loyalty and trust.

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