4
Map
$650,000
●
Land -
For Sale
115 RIVERSIDE DRIVE
ORMOND BEACH, FL 32176
Studio
0 Bath
$3,858
Est. Monthly
About This Property
Rare opportunity to build your custom estate on a pristine 1/2acre
vacant lot on one of Ormond Beach's most historic enclaves, 1-way
street Riverside Drive. This expansive cleared parcel offers a
unique canvas to design your dream home along the scenic Halifax
River corridor. Embrace the ultimate coastal riverfront lifestyle
with unparalleled walkability. You are just steps from the
beautiful river views at Riverfront Park and the community events
at Rockefeller Gardens. Rich in local history, this prime location
sits a mere 5 homes away from the iconic Casements, the winter home
of John D. Rockefeller. Enjoy the perfect balance of peaceful
neighborhood charm and urban convenience. This high-and-dry lot
provides immediate access to scenic walking paths, public boat
launches, and upscale boutique shopping and dining along Granada
Boulevard-all while being just minutes away from both the
Intercoastal Halifax River and the Atlantic Ocean.
Unit Size
-
Days on Market
28 days
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$666
HOA Dues
-
Year Built
-
Listed By
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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.
Last updated: 28 days ago (Stellar MLS #V4951792)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2026 | Listed by REALTY PROS ASSURED | $650,000 | |
| Listed by REALTY PROS ASSURED | |||
| Nov 22, 2021 | Sold | ||
| Sold | |||
| Nov 4, 2019 | Sold | ||
| Sold | |||
| Aug 23, 2019 | No longer available | - | |
| No longer available | |||
| Sep 3, 2018 | Listed | $359,900 | |
| Listed | |||
| | |||
|
A very rare opportunity for this ideal home site on our area's most notable and picturesque drive just 5 doors down from John D. Rockefeller's iconic winter home, The Casements. This lovely setting is nestled between beautiful historic homes on sizable parcels among historic oaks here on prestigious ''One Way Riverside Drive''. The property neighbors Ormond's riverfront parks which transform several times a year from quiet gardens to serve as festival grounds for local arts and entertainment. A very short walk to great restaurants including century old Billy's Tap Room or continue on to the beautiful beach just a few blocks away. This opportunity is likely to only come along once as vacant parcels along this incredibly desirable riverfront lane are simply very few and far between
| |||
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Landscaped, Near Golf Course, Historic District, Room For Pool, Street One Way
Lot Size Area: 20160
Lot Size Units: Square Feet
Lot Size Acres: 0.46
Lot Size Square Feet: 20160
Lot Size Dimensions: 120 x 168
Tax Lot: 6
Water Source: Public
Financial Details
Tax Annual Amount: $7,993
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Woods
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Listed by: Jennifer Kulzer
REALTY PROS ASSURED
Last Updated: 28 days ago
Data Source: Stellar MLS, MLS# V4951792
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
REALTY PROS ASSURED
Last Updated: 28 days ago
Data Source: Stellar MLS, MLS# V4951792
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