188 BENJAMIN DRIVE
About This Property
188 Benjamin Drive is situated less than 1,000 feet from the beach, this property offers the perfect blend of coastal living and convenience in one of Ormond Beach's most desirable neighborhoods. Whether you're looking for a primary residence, vacation getaway, or investment property, this home presents an incredible opportunity to build equity with a remodel.
UNBEATABLE LOCATION:
Enjoy easy access to the sandy shores of Ormond Beach, where you can take morning strolls, watch breathtaking sunrises, or spend the day soaking up the sun. The property is also just minutes from Ormond Scenic Loop & Trail, a stunning drive featuring lush canopies, nature trails, and scenic waterways-ideal for biking, jogging, and outdoor exploration.
DINING AND SHOPPING:
Some of the area's top-rated restaurants are right around the corner. 31 Supper Club – A stylish, Prohibition-era-inspired fine dining experience.
Hull's Seafood – A local favorite for fresh seafood in a laid-back atmosphere.
Mario's Restaurant – A beloved spot serving classic Italian dishes.
For shopping, everyday essentials are just minutes away at the Ellinor Village Shopping Center, a historic shopping plaza featuring:
Publix Super Market – Perfect for all your grocery needs.
Dunkin' – Grab a morning coffee before heading to the beach.
Local shops & services – Including salons, banks, and specialty stores for added convenience.
WHY INVEST?
With its prime location, coastal charm, and remodel potential, this home is a smart investment. A well-executed renovation will unlock significant equity, making it ideal for a homeowner looking to personalize their space or an investor seeking strong returns.
Don't miss out on this chance to own a slice of paradise near the beach, dining, and all that Ormond Beach has offers.
Roof 2010, A/C 2023, Hotwater Heater 2024
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 14, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Feb 10, 2025 | Listed by FLORIDA BEACHES REAL ESTATE | $250,000 | |
| Listed by FLORIDA BEACHES REAL ESTATE | |||
| Nov 28, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017