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1529 SABAL PALM DRIVE
About This Property
From the moment you arrive, the paver driveway, custom storm door, mature landscaping, and expansive homesite set this property apart. Inside, nearly every room overlooks or opens toward the screened pool area, creating seamless indoor-outdoor living that is rarely found. The spacious layout features two separate living areas, oversized bedrooms large enough for king-sized furniture in every room, updated bathrooms, custom blinds, tile flooring throughout the main living spaces. The kitchen was designed with entertaining in mind and features new 2025 stainless GE Profile appliances, soft-close cabinetry, quartz pass-through serving shelf to the lanai, and a sink overlooking the pool and fully fenced backyard. The owner's suite includes three closets, including a walk-in closet, while one guest bedroom offers Jack-and-Jill access to the updated guest/pool bath, creating an ideal en-suite setup for guests or multigenerational living. Additional custom interior touches include a custom brick entry wall and coat closet feature, lighted plant shelves, updated vanity areas, and two attic accesses with pull-down stairs, flooring, and storage space.
Major updates provide peace of mind, including a 2018 roof with Freeze Shield laminate under shingles, updated electrical panel, new water heater, custom safety cage over the Rudd A/C system with updated thermostat in 2025, and a new 2025 pool pump servicing the approximately 8-foot-deep pool. The custom screened enclosure features upgraded Super Screen material, and the home also includes an outdoor shower for convenient poolside living.
Outside, the oversized fully fenced property offers exceptional flexibility with walk-through access gate plus a 12-foot gate capable of accommodating RV or boat parking. The expansive yard leaves room for additions such as a putting green, garden space, workshop, or additional recreational areas. A dusk-to-dawn FPL pole light illuminates the rear of the property, while the new RainBird five-zone sprinkler system operates from its own private well for efficient irrigation. The home has NO FLOODING history and is zoned X.
Located in the coastal community of Edgewater, residents enjoy convenient access to the Indian River, local parks, boat ramps, fishing, and outdoor recreation while remaining just minutes from the vibrant beachside atmosphere of New Smyrna Beach known for its charming Canal Street district, local restaurants, boutiques, art galleries, waterfront dining, surfing, and some of Central Florida's most loved beaches. Whether you enjoy boating, fishing, beach days, golf cart rides, or simply relaxing poolside at home, this property offers the space and lifestyle that make coastal living so desirable. Search for the video by address online or click through the 3D tour attached to the listing! All information is deemed accurate but should be verified by buyer.
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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%.
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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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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
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 22, 2026 | Price Decreased |
$485,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$490,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$499,900
↓ $10K
(2%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by LOCAL LIVING REALTY GROUP | $510,000 | |
| Listed by LOCAL LIVING REALTY GROUP | |||
| May 5, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017