160 PACKWOOD ROAD
About This Property
UNICORN PROPERTY in Edgewater on over an ACRE-where LUXURY LIVING meets true FUNCTIONALITY. Designed for the ENTHUSIAST, COLLECTOR, or BUSINESS-MINDED OWNER, this RARE OPPORTUNITY offers a seamless blend of upgraded interiors, expansive outdoor living, and serious workspace infrastructure.
The standout feature is the detached 860 sq ft block garage/workshop (2018) with 220-amp service, epoxy floors, and dual oversized doors (12' wide x 7' tall) with 8.5' clear ceiling height-ideal for car collectors, hobbyists, Boat storage, or small business use. An oversized attached 2-car garage (16' wide door, 8' ceiling) plus extended driveway and 50-amp RV hookup provide ample space for boats, trailers, and multiple vehicles.
Inside, the home delivers a clean, modern feel with tile flooring throughout and a thoughtfully updated design. The chef's kitchen anchors the space with a large island, gas stove, double convection ovens, and smart appliances-perfect for entertaining or everyday living. Updated bathrooms offer a fresh, contemporary finish.
Major upgrades include roof, A/C, and water heater (2022), along with impact windows and doors (2019–2020) for efficiency, security, and peace of mind.
Step outside to your private Florida retreat featuring a solar-heated, resurfaced pool, screened lanai, paver decking, irrigation system, and new landscaping-ideal for relaxing or hosting guests year-round.
Additional features include owned solar panels, a 25KW Generac whole-house generator, propane tanks, and an upgraded well system, delivering energy efficiency and long-term reliability.
No HOA. Room for RVs, boats, work vehicles, and all your toys.
A rare combination of land, luxury upgrades, workshop space, and lifestyle flexibility-this Edgewater property truly stands in a class of its own.
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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%.
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.
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About Volusia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017