Active

$965,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1800 sq ft
Overview
  • ID: MFRNS1086656
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1800 sq ft
Property Details
Remarks
Just steps to the beach, this ideally situated New Smyrna Beach duplex sits only six houses from the ocean, with a public beach walkway located directly at the end of Oakwood. The property has never experienced flooding and is located outside the zone requiring flood insurance, creating rare peace of mind for both owners and investors. This is the true heart of Central Beach, where you can walk or take your golf cart to Flagler Avenue’s restaurants, boutique shopping, nightlife, ice cream shops, convenience retail, Publix, Starbucks, the river, local parks, and every lifestyle amenity that makes this area one of the most desirable coastal destinations in Florida. Both units offer two bedrooms, one bathroom, a comfortable living area, full kitchen, and a dedicated laundry room located outside, just off the rear of each unit. Each side also has its own private outdoor space. This setup is ideal for short-term monthly rentals, seasonal visitors, long-term tenants, or a live-in one side and rent the other configuration. With projected rental income between $45,000 and $65,000 annually, this duplex provides excellent cash flow and consistent demand throughout the year from snowbirds, traveling professionals, and extended-stay guests seeking beach proximity and walkability. Positioned on a larger-than-average 0.23-acre lot, the property is directly adjacent to Detwiler Park, offering tennis courts, a playground, open green space, and shaded areas that create a welcoming community feel. The concrete block construction, metal roof, and coastal-friendly design contribute to durability and low maintenance requirements. The spacious lot size also offers flexibility for enhancements. In addition to its strong income performance, the property holds significant redevelopment potential. The neighboring parcel to the west was transformed from an identical duplex into a luxurious beachside estate, demonstrating what is possible on this block. With proper planning, this property could be elevated in the same fashion to create a premier Central Beach residence while still offering substantial rental capability or multigenerational living options. Very few beachside lots this close to the ocean offer both income stability and long-term estate potential. This location embodies the best of the New Smyrna Beach lifestyle. Enjoy morning walks on the sand, afternoon golf cart trips to local shops, or evenings on Flagler Avenue. Whether you are searching for a high-performing investment property, a versatile beach home, or a redevelopment opportunity in one of NSB’s most coveted coastal neighborhoods, this property offers exceptional value and potential. Properties of this size and location, combined with flood-free history and strong income projections, are increasingly rare.
Financial Considerations
Price:
$965,000
HOA Fee:
N/A
Tax Amount:
$9543
Price per SqFt:
$536.11
Tax Legal Description:
9-17-34 LOTS 22 & 24 BLK 8 COOPER SUB MB 4 PG 114 MB 5 PG 16 5
Exterior Features
Lot Size:
10000
Lot Features:
City Limits, Level, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
Other
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Dryer, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Carpet, Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1980
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Hurricane Shutters, Private Entrance, Private Mailbox, Storage
Additional Features 2:
Buyer assumes responsibility to verify with local city ordinance
Map
  • Address
    712-714 OAKWOOD AVE
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