7
Map
1 OCEAN EDGE DRIVE
About This Property
The property is also located in one of the limited areas of Ormond Beach known for short-term rental potential, adding another exciting possibility for buyers considering a future vacation home, beach rental, or investment property. The lot also includes an existing 15' x 10' residential storage shed.
Whether you're envisioning a primary residence, second home, vacation getaway, or future investment property, this corner lot offers an opportunity to create your own piece of the Florida beach lifestyle.
For even more possibilities, the 3-bedroom, 2-bath home next door at 3 Ocean Edge Dr is also available for purchase separately, giving buyers the unique opportunity to own two neighboring beachside properties.
Bring your plans and imagine the possibilities of building near the beach in Ormond Beach, Florida, with a private neighborhood beach walkway just steps away. Buyer to verify all measurements, zoning, building requirements, setbacks, utilities, beach access rights, short-term rental eligibility and requirements, and intended use with the appropriate governing authorities.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ormond-by-the-Sea
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,999 /mo
- 4 Beds
- 4 Baths
- 2,322 ft²
$1,845 /mo
- 2 Beds
- 2 Baths
- 1,025 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017