Active

$449,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 1063 sq ft
Overview
  • ID: MFRNS1088141
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 1063 sq ft
Property Details
Remarks
25 Steps to the Sand! This is as close to the beach as it gets in New Smyrna Beach. Unit 7 is a ground-floor, oceanfront condo, literally 25 steps from the sand. Located in the highly sought-after Holiday Cove North community in North Beach, this fully furnished 2-bedroom, 1.5-bathroom condo delivers both an exceptional lifestyle and proven investment performance. What truly sets this property apart is its income potential. This unit averages a 71.5% annual booking rate, based on the last four years, generating over $110,000 during that same period. Holiday Cove North also features an on-site rental management company with one of the lowest fees in New Smyrna Beach — just 10% — creating an efficient, turnkey investment opportunity. The community recently completed its 2025 Fenestration Project, with a fully paid $24,000 per-unit assessment, contributing to a total property investment exceeding $1.1 million, further enhancing value and peace of mind. In addition, the current owner paid over $70,000 in assessments for the recently completed cement restoration project, which included two new hurricane-strength sliding glass doors, a new kitchen window, a new front door, and added decking on the back patio, significant upgrades that add both durability and value. Step outside to direct beach access or unwind at one of two community pools (including one heated). Ideally located within blocks of Flagler Avenue’s dining, shopping, and entertainment, this condo offers the best of coastal living. This is a rare opportunity to own one of the closest, and strongest-performing, beachfront rentals in New Smyrna Beach. Easy to see; opportunities like this are few and far between. Schedule your showing today.
Financial Considerations
Price:
$449,000
HOA Fee:
N/A
Tax Amount:
$4458.89
Price per SqFt:
$422.39
Tax Legal Description:
UNIT 7 HOLIDAY COVE NORTH CO-OP PER OR 7043 PG 1099 PER OR 7318 PG 0154
Exterior Features
Lot Size:
528
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned, Guest
Roof:
Built-Up
Pool:
No
Pool Features:
In Ground
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Condominium
Style:
N/A
Year Built:
1966
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southeast
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, Sliding Doors
Additional Features 2:
Must rent 6 months out of the year, can reside in unit for the other 6 months.
Map
  • Address
    577 N ATLANTIC AVE #7
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