10 MIRROR LAKE DRIVE
About This Property
Endless Potential in a High-Growth Location! Rare opportunity to own 1.3 acres (56,628 sq. ft.) in the heart of booming Ormond Beach with flexible R2 zoning and mixed-use possibilities. Located just 275 feet south of Granada Blvd. on Mirror Lake Drive, this property offers exceptional visibility, accessibility, and future development potential. Property Highlights,R2 Zoning with potential lot split opportunities, Possible uses include: Office or professional ,Retail/storefront Single-family residential, Mixed-use development. Surrounded by established office buildings and growing commercial activity. Prime location near busy Granada Blvd. Strong investment and redevelopment potential, Large 56,628 sq. ft. parcel gives flexibility for future plans.
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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%.
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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.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$440,000
↓ $35K
(7.4%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$475,000
↓ $14K
(2.9%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$489,000
↓ $61K
(11.1%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by WATSON REALTY-ST. AUG BEACH | $549,900 | |
| Listed by WATSON REALTY-ST. AUG BEACH | |||
| Apr 23, 2025 | Listed | $740,000 | |
| Listed | |||
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The subject is located 275' south of Granada Blvd on Mirror Lake Drive near several office buildings which front on Granada Blvd. Urban Single-Family. Permitted uses include a variety of residential and public uses including single-family standard or modular dwellings, houses of worship, public schools, fire stations, and special exceptions. Contiguous properties to the north, south and west are all zoned B-10
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About Volusia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017