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Ormond-by-the-Sea 32176 Rivocean
45 RIVOCEAN DRIVE
$400,000
● House - Off Market

45 RIVOCEAN DRIVE

ORMOND BEACH, FL 32176
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,026 Ft²
$2,264
Est. Monthly
6.13%
Cap Rate

About This Property

Nestled between the ocean and river, this charming screened-in pool home offers a true Florida lifestyle with the added bonus of backing up to Bicentennial Park. Step right outside your backyard and enjoy all this scenic 37-acre park has to offer-kayaking, fishing, hiking trails, tennis, pickleball, a dog park, and more. Your private outdoor space blends tranquility with convenience, perfect for both relaxation and recreation.

This home also comes with major updates already taken care of: roof (2020), septic system (2021, receipt available), full re-piping (2023), hot water tank (2023), and a brand-new A/C (2024). Move in with peace of mind knowing the big-ticket items are done.
Unit Size
1,026 Ft²
Days on Market
52 days
Land Size
0.18 acres
Price per sqft
$400
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1963

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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: 12 months ago (Stellar MLS #V4944528)

Price History

Date / Event Date Event Price
Oct 17, 2025 Sold
Premium
Sold
Sep 23, 2025 In contract -
In contract
Aug 26, 2025 Listed by RE/MAX ADVANTAGE $409,999
Listed by RE/MAX ADVANTAGE
Aug 16, 2024 Sold
Premium
Sold
Mar 22, 2024 Listed by ADAMS, CAMERON & CO., REALTORS $424,000
Listed by ADAMS, CAMERON & CO., REALTORS
***Ormond by the Sea is calling your name. *** Located between the ocean and the river this quaint screened pool home also backs up to Bicentennial Park. From this picturesque 37 Acre Park you launch a kayak, fish, play various sports, hike and let's not forget the dog park. Imagine your new lifestyle surrounded by nature and the beach. Seller furniture is negotiable less personal items. The roof is 2020. Septic system replaced in 2021. Receipt is available. Repiping done in 2023. New A/C in 2024. All measurements are approximate.
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Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 83
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,024
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,572
  • Gross Building Area: 1,689
  • Building Area: 1,026
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,026
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVOCEAN SUB MB
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 24 RIVOCEAN SUB MB 19 PG 153 PER OR 4518 PG 2251 PER OR 7271 PGS 4446-4449 INC PER OR 7300 PG 4932 PER OR 7300 PGS 4933-4934

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 080202

Zoning

  • Zoning: 01R4

Geography

  • Assessors Map Reference: E1-0027-34
  • Account Number: 2992255
  • Subdivision Tract Number: 04
  • Parcel: 3241-04-00-0240
  • Lot: 24
  • Meridian: SEC 41 TWN 13S RNG 32E
  • Municipality: UNINCORPORATED - NORTHEAST
  • Latitude: 29.3382
  • Longitude: -81.0666

    Address

  • Full Address: 45 Rivocean Dr
  • Address - House Number: 45
  • Address - Street Name: Rivocean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 3223
  • Zip Code: 32176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $296,177
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 371,244
  • High Value: 465,851
  • Low Value: 276,637

    Market Valuation

  • Market Total Value: $317,124
  • Market Land Value: $142,800
  • Market Improvement Value: $174,324

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,941

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 29, 2016
  • Current Sale Recording Date: Sep 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-168527
  • Previous Sale Recording Date: Feb 04, 2000
  • Previous Sale Contract Date: Jan 28, 2000
  • Previous Sale Amount: $84,500
  • Previous Sale Document Type: 71
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 Rivocean

Stats & Trends

Median Asking:

$404,900

Sale Price/ft²

$272

Below Asking

0.04%

Average Days on Market

84

Average Home Size

1421 ft²

Average Home Age

69 years

Currently For Sale

1 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 37 Berkley Road, Ormond Beach, FL, 32176

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,237 ft²
37 Berkley Road, Ormond Beach, FL, 32176 Listing by Michelle Ortelli

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Eric Zimmerman
RE/MAX ADVANTAGE
Last Updated: 12 months ago
Data Source: Stellar MLS, MLS# V4944528
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 45 Rivocean Drive built and last sold?
The property at 45 Rivocean Drive was built in 1963 and last sold on Aug 29, 2016 for $175,000.
How much is this home worth?
The estimated value of the home located at 45 Rivocean Drive is $414,099.
What are some comparable homes to 45 Rivocean Drive?
There are currently no comparable homes to 45 Rivocean Drive.
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