$450,000
●
Condo -
Off Market
1275 OCEAN SHORE Boulevard #405
Ormond Beach, FL 32176
2 Beds
2 Baths
1,013 Ft²
$2,975
Est. Monthly
$765
HOA / Fees
2.08%
Cap Rate
About This Property
Newly updated condo that is in such a great location. Sit on the
balcony all day and people watch at the pool or the ocean. Fall
asleep to the sound of real waves.
This Complex is in a great low maintenance building that has been refurbished about 4 years ago. Pool was updated in 2022. This unit is fully furnished and the couches are the most comfy,
405 has a great following of people who come back to stay year after year.
This Condo allows short term VRBO/Airbnb rentals. Has everything you need just steps to the beach, even had an area to Bar B Q and picnic benches. One assigned parking spot and visitor spots as well.
There is a Publix, Bealls, Dunkin Donuts and great Restaurant right across the street. Makes it so convenient.
This Complex is in a great low maintenance building that has been refurbished about 4 years ago. Pool was updated in 2022. This unit is fully furnished and the couches are the most comfy,
405 has a great following of people who come back to stay year after year.
This Condo allows short term VRBO/Airbnb rentals. Has everything you need just steps to the beach, even had an area to Bar B Q and picnic benches. One assigned parking spot and visitor spots as well.
There is a Publix, Bealls, Dunkin Donuts and great Restaurant right across the street. Makes it so convenient.
Unit Size
1,013 Ft²
Days on Market
-
Land Size
-
Price per sqft
$444
Property Type
Condo
Property Taxes
-
HOA Dues
$765
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (Real MLS #1235303)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2023 | Listed by MARSH LIFE REALTY, LLC | $397,000 | |
| Listed by MARSH LIFE REALTY, LLC | |||
| | |||
|
This is a great condo complex has everything you need. Beach front access, pool, balcony to sit and relax on and watch the waves, listen to the ocean. The location is the best with Publix, Restaurants, Bealls, Dunkin Donuts, Wells Fargo and other places literally right across the street into the parking lot. This property allows for short term rentals. Owner just added state of the art Washer/Dryer in one to the unit that is too heavy to move so it's staying. 405 is right off the elevator easy in and out. This is a very nice unit and if you're looking for it as an investment property there is a good following of return renters year after year.
| |||
| Jul 1, 2023 | Listed by MARSH LIFE REALTY, LLC | $450,000 | |
| Listed by MARSH LIFE REALTY, LLC | |||
| Oct 28, 2021 | No longer available | - | |
| No longer available | |||
| Sep 24, 2021 | Listed by Geri Westfall Real Estate | $399,900 | |
| Listed by Geri Westfall Real Estate | |||
| | |||
|
SECOND HOME & INVESTORS! If you are looking for a beachfront get away but would like it to generate money to cover your payment when you aren't using, this unit is perfect for you! Zoned TOURIST this property can legally be SHORT TERM RENTED! YOU CAN Air BNB, VRBO and make some money on your investment, when you aren't using it yourself! 2BR/2BTH, this third floor, ocean view unit has been lovingly refurbished and refurnished over the last year. You can't get any closer to the beach, without standing on the sand. This unit has all the features buyers and renters are looking for: spacious rooms; amazing views & sunrises; sits directly on a NO DRIVE beach; large oceanfront pool; Publix, pizza, Dunkin Donuts, 7-Eleven, Subway and more- right across the street; reserved parking and a very The manager has listed the unit size as 935 square feet.
| |||
Show More
Property Highlights
Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Other, Assigned, Guest
Garage Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Breakfast Bar, Elevator, Entrance Foyer, Pantry, Primary Bathroom - Shower No Tub, Split Bedrooms, Walk-In Closet(s)
Appliances: Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Trash Compactor
Flooring Type: Vinyl
Living Area Square Feet Source: Appraiser
Rooms: 4
Exterior Details
Year Built: 1981
Parcel Number: 323423004050
Zoning Description: Condominium
Construction Materials: Concrete
Stories: 5
Outdoor Living Structures: Patio
Pool Features: Heated
Sprinklers In Front, Sprinklers In Rear
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Heat Pump
Utilities: Cable Connected
Sewer Information: Public Sewer
Water Information: Public
Location Details
Association Fee Includes: Insurance, Maintenance Grounds, Pest Control, Trash
Association Amenities: Beach Access, Maintenance Grounds, Management - Full Time, Management - Off Site, Trash
Association Fee: $765
Association Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
11/15/2024
|
2 Bed
|
2 Bath
|
1013 ft²
|
$379,900
2 Bed
2 Bath
1013 ft²
|
$350,000
-7.87%
05/01/2025
|
Anita Millar
ROYAL HIGHLANDER REAL ESTATE
| |
|
05/21/2024
|
2 Bed
|
2 Bath
|
1013 ft²
|
$499,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Amy Potter
RE/MAX Signature
| |
|
10/07/2023
|
2 Bed
|
2 Bath
|
1013 ft²
|
$480,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Tibor Benke
Florida Homes Realty & Mortgage
| |
|
07/01/2023
|
2 Bed
|
2 Bath
|
1013 ft²
|
$450,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
CHRISTINE RADFORD
MARSH LIFE REALTY, LLC
| |
|
10/27/2023
|
2 Bed
|
2 Bath
|
1013 ft²
|
$499,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Amy Potter
RE/MAX Signature
| |
|
07/22/2023
|
2 Bed
|
2 Bath
|
1013 ft²
|
$349,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Matthew Oechslin
Gaff's Realty Company
| |
|
04/28/2023
|
2 Bed
|
2 Bath
|
1182 ft²
|
$495,000
2 Bed
2 Bath
1182 ft²
|
-
-
|
Lonnie Marandino
Realty Experts Florida
| |
|
09/24/2021
|
2 Bed
|
2 Bath
|
935 ft²
|
$399,900
2 Bed
2 Bath
935 ft²
|
-
-
|
Geraldine Westfall Adams
Geri Westfall Real Estate
| |
|
09/24/2021
|
2 Bed
|
2 Bath
|
935 ft²
|
$399,900
2 Bed
2 Bath
935 ft²
|
-
-
|
Geraldine Westfall Adams
Geri Westfall Real Estate
| |
|
09/24/2021
|
2 Bed
|
2 Bath
|
935 ft²
|
$399,900
2 Bed
2 Bath
935 ft²
|
-
-
|
Geraldine Westfall Adams
Geri Westfall Real Estate
| |
|
09/01/2021
|
2 Bed
|
2 Bath
|
1013 ft²
|
$399,900
2 Bed
2 Bath
1013 ft²
|
$407,000
+1.78%
12/02/2021
|
Brian Griffin
Oceans Luxury Realty Full Service LLC
| |
|
08/20/2021
|
2 Bed
|
2 Bath
|
1013 ft²
|
$310,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Sandra Cook
Realty Pros Assured
| |
|
07/05/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$469,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
Janis English
English Estates & Realty, LLC
| |
|
09/20/2020
|
2 Bed
|
2 Bath
|
1013 ft²
|
$350,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Anita Millar
ROYAL HIGHLANDER REAL ESTATE
| |
|
08/26/2020
|
2 Bed
|
2 Bath
|
935 ft²
|
$252,000
2 Bed
2 Bath
935 ft²
|
-
-
|
-
| |
|
03/20/2020
|
2 Bed
|
2 Bath
|
1015 ft²
|
$349,900
2 Bed
2 Bath
1015 ft²
|
-
-
|
-
| |
|
03/07/2020
|
2 Bed
|
2 Bath
|
953 ft²
|
$299,000
2 Bed
2 Bath
953 ft²
|
-
-
|
-
| |
|
03/07/2020
|
2 Bed
|
2 Bath
|
975 ft²
|
$339,000
2 Bed
2 Bath
975 ft²
|
-
-
|
-
| |
|
03/30/2019
|
2 Bed
|
2 Bath
|
1013 ft²
|
$250,000
2 Bed
2 Bath
1013 ft²
|
$230,000
-8.00%
07/23/2019
|
Mike Glisson
| |
|
01/17/2019
|
2 Bed
|
2 Bath
|
1013 ft²
|
$299,500
2 Bed
2 Bath
1013 ft²
|
-
-
|
-
| |
|
12/15/2018
|
2 Bed
|
2 Bath
|
1013 ft²
|
$225,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
-
| |
|
09/02/2017
| |
2 Bed
|
2 Bath
|
1013 ft²
|
-
2 Bed
2 Bath
1013 ft²
|
-
-
|
-
|
Building Info
1275 Ocean Shore Boulevard
1275 Ocean Shore Boulevard, Ormond Beach, FL 32176
- 3 Units for Sale
About The Indies House Condominiums
Similar Homes for Sale
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Listed by: CHRISTINE RADFORD, MARSH LIFE REALTY, LLC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1235303
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1235303
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