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Edgewater 32141 Florida Shores
1851 NEEDLE PALM DRIVE
$225,000
● House - Off Market

1851 NEEDLE PALM DRIVE

EDGEWATER, FL 32141
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,360 Ft²
$1,213
Est. Monthly
17.56%
Cap Rate

About This Property

This charming 2-bedroom, 2-bath concrete block home offers peace of mind with several key updates already completed. The electrical system was updated in 2019, and the plumbing was redone in 2023. The roof is just 8 years old, and both the heat pump and HVAC system are 7 years old, ensuring energy efficiency and comfort year-round. Step outside to enjoy a fully fenced yard-ideal for pets, kids, or simply relaxing in privacy-and unwind in the hot tub after a long day. The property also features an outdoor shed with electric, making it the perfect space for a workshop, man cave, she shed, or creative retreat. With no HOA, you'll enjoy the freedom to truly make this home your own. Whether you're a first-time buyer, downsizing, or looking for a solid investment, this home has it all.
Unit Size
1,360 Ft²
Days on Market
34 days
Land Size
0.23 acres
Price per sqft
$165
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1975

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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 (Stellar MLS #NS1084793)

Price History

Date / Event Date Event Price
Jun 5, 2025 Sold
Premium
Sold
May 6, 2025 In contract -
In contract
May 2, 2025 Listed by RE/MAX SIGNATURE $225,000
Listed by RE/MAX SIGNATURE
Sep 20, 1994 Sold
Premium
Sold
Jul 15, 1975 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 297
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORIDA SHORES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOTS 3224 & 3225 BLK 49 FLORIDA SHORES NO 2 REVISED PLAT MB 23 PG 103 PER OR 4111 PG 2173 PER OR 6471 PG 0324 PER OR 6710 PG 4015 PER OR 6744 PG 1526

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 083006

Zoning

  • Zoning: 07R1B

Geography

  • Assessors Map Reference: E2-0041-03
  • Account Number: 3917537
  • Subdivision Tract Number: 01
  • Parcel: 8402-01-03-2240
  • Block: 49
  • Lot: 3224
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.9673
  • Longitude: -80.9075

    Address

  • Full Address: 1851 Needle Palm Dr
  • Address - House Number: 1851
  • Address - Street Name: Needle Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: R001
  • 4-Digit Zip Code: 3909
  • Zip Code: 32141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $125,383
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 271,446
  • High Value: 318,284
  • Low Value: 224,607

    Market Valuation

  • Market Total Value: $180,860
  • Market Land Value: $34,000
  • Market Improvement Value: $146,860

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,688

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 12, 1994
  • Current Sale Recording Date: Sep 20, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 15, 1975
  • Previous Sale Contract Date: Jul 15, 1975
  • Previous Sale Amount: $23,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Florida Shores

Stats & Trends

Median Asking:

$299,999

Sale Price/ft²

$203

Below Asking

0.03%

Average Days on Market

61

Average Home Size

1656 ft²

Average Home Age

35.5 years

Currently For Sale

72 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2219 Lake Preserve Circle, FL, 32168

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,828 ft²
2219 Lake Preserve Circle, FL, 32168 Listing by Joseph Freshour

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Michael Gagliardi
RE/MAX SIGNATURE
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# NS1084793
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.

Frequently Asked Questions

When was property at 1851 Needle Palm Drive built and last sold?
The property at 1851 Needle Palm Drive was built in 1975 and last sold on Sep 12, 1994 for $53,000.
How much is this home worth?
The estimated value of the home located at 1851 Needle Palm Drive is $0.
What are some comparable homes to 1851 Needle Palm Drive?
There are currently no comparable homes to 1851 Needle Palm Drive.
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