$401,426*
●
Condo -
Off Market
1051 Ocean Shore Boulevard #603
Ormond Beach, FL 32176
2 Beds
2 Baths
1,200 Ft²
$324,000 - $396,000
Reference Base Price*
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Have you ever wanted to live right on the ocean? Waking up to
amazing sunrises as you sip your coffee and watch the dolphins and
pelicans? This is your chance to live in the much-desired Van Lee
building! Besides the ocean balcony, the front lanai balcony houses
the private laundry and extra large storage area plus a gorgeous
sunset views! The original owner hates to leave this
meticulously maintained home. Enjoy views of the ocean from nearly
every room! Ceramic tile floors throughout along with neutral paint
colors. The kitchen has plentiful cabinets and Corian countertops.
Neutral bathrooms have tile floors and walls, showers, and glass
shower doors. Furnishings can be included if buyer desires.
Electric hurricane shutters make protection from weather a
breeze!
The manager has listed the unit size as 1200 square feet.
The manager has listed the unit size as 1200 square feet.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$300
Property Type
Condo
Property Taxes
-
HOA Dues
$535
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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
Air Conditioning
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/27/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$499,000
2 Bed
2 Bath
1200 ft²
|
$435,500
-12.73%
12/12/2025
|
Kevin Kling
Gaff's Realty Company
| |
|
05/29/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$495,000
2 Bed
2 Bath
1200 ft²
|
$465,000
-6.06%
08/28/2024
|
Rachel McGrath
Premier Sotheby's International Realty
| |
|
04/23/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$549,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
SHIMON MEIR
SLATE REAL ESTATE
| |
|
04/15/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$499,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
Geraldine Westfall Adams
Geri Westfall Real Estate
| |
|
03/21/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$550,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Angela Dimauro
Aloha Realty of Florida LLC
| |
|
02/21/2024
|
3 Bed
|
3 Bath
|
1836 ft²
|
$725,000
3 Bed
3 Bath
1836 ft²
|
$685,000
-5.52%
04/30/2024
|
Rachel McGrath
Premier Sotheby's International Realty
| |
|
09/08/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$519,000
2 Bed
2 Bath
1200 ft²
|
$495,000
-4.62%
10/18/2023
|
Lori Schultz
PREMIER SOTHEBYS INTL REALTY
| |
|
08/25/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$467,500
2 Bed
2 Bath
1200 ft²
|
$467,500
09/20/2023
|
NON MLS
NON MLS
| |
|
08/05/2023
|
3 Bed
|
3 Bath
|
1836 ft²
|
$600,000
3 Bed
3 Bath
1836 ft²
|
-
-
|
Breana Akerberg
Adams, Cameron & Co., Realtors
| |
|
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$439,900
2 Bed
2 Bath
1200 ft²
|
$422,500
-3.96%
09/01/2023
|
Lori Jean Schultz
RE/MAX Services
| |
|
03/31/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$475,000
2 Bed
2 Bath
1200 ft²
|
$487,000
+2.53%
05/17/2023
|
Dawn Larsen
Adams, Cameron & Co. REALTORS
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$525,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$465,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$559,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
08/26/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$475,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
07/30/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$497,500
2 Bed
2 Bath
1200 ft²
|
$497,500
08/19/2022
|
Giselle Ramirez
CHARLES RUTENBERG REALTY ORLANDO
| |
|
07/26/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$579,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
Kelley K Sarantis
Bob Hodges And Sons Realty
| |
|
11/19/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$390,000
2 Bed
2 Bath
1200 ft²
|
$420,000
+7.69%
03/01/2022
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
10/23/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$360,000
2 Bed
2 Bath
1200 ft²
|
$380,000
+5.56%
11/29/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
09/24/2021
|
3 Bed
|
3 Bath
|
1836 ft²
|
$669,900
3 Bed
3 Bath
1836 ft²
|
-
-
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
09/03/2021
|
3 Bed
|
3 Bath
|
1836 ft²
|
$560,000
3 Bed
3 Bath
1836 ft²
|
$573,000
+2.32%
11/03/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
07/19/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$365,000
2 Bed
2 Bath
1200 ft²
|
$392,000
+7.40%
09/24/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
03/26/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$325,000
2 Bed
2 Bath
1200 ft²
|
$359,000
+10.46%
04/27/2021
|
Dawn Larsen
| |
|
12/17/2020
|
3 Bed
|
3 Bath
|
1836 ft²
|
$525,000
3 Bed
3 Bath
1836 ft²
|
-
-
|
-
| |
|
07/26/2019
|
2 Bed
|
2 Bath
|
1200 ft²
|
$329,900
2 Bed
2 Bath
1200 ft²
|
$315,000
-4.52%
09/24/2019
|
Brian Madsen
| |
|
11/30/-0001
|
2 Bed
|
2 Bath
|
1200 ft²
|
$519,000
2 Bed
2 Bath
1200 ft²
|
$495,000
-4.62%
10/17/2023
|
Lori Jean Schultz
RE/MAX Services
|
Building Info
1051 Ocean Shore Boulevard
1051 Ocean Shore Boulevard, Ormond Beach, FL 32176
- 2 Units for Sale
About Van Lee Condominiums
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Phone: 425-283-2930
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