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58 EMERALD OAKS LANE
About This Property
Situated on approximately half an acre with peaceful water views, the property features more than 4,400 square feet of living space and over 6,000 square feet under roof.
Designed for comfortable living and entertaining, the home offers spacious gathering areas, a private pool, and a highly desirable floor plan. While portions of the home have already been updated, there remains an opportunity for the next owner to add their own style and make selective improvements to further enhance this remarkable residence.
Whether you're seeking a spacious family home, a luxury renovation project, or an investment opportunity in one of Ormond Beach's most sought-after communities, this property offers tremendous potential and value.
Residents of Ormond Lakes enjoy an exceptional lifestyle with access to a private clubhouse, community pool, lighted tennis and pickleball courts, basketball court, playgrounds, scenic lakes, a fishing pier, pavilion, walking and jogging trails, bike lanes, and beautiful nature preserves throughout the neighborhood. A historic stretch of Old King's Road winds through the community, providing a picturesque setting for walking and sightseeing.
Conveniently located near shopping, dining, golf courses, and the beach, this rare offering presents the perfect opportunity to enjoy the best of Ormond Beach living while adding your own finishing touches to create something truly special.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2026 | Price Decreased |
$899,000
↓ $40K
(4.2%) | |
| Price Decreased | |||
| May 8, 2026 | Price Decreased |
$938,500
↓ $57K
(5.7%) | |
| Price Decreased | |||
| Mar 7, 2026 | Price Decreased |
$995,000
↓ $15K
(1.5%) | |
| Price Decreased | |||
| Nov 12, 2025 | Listed by COLDWELL BANKER PREMIER | $1,010,000 | |
| Listed by COLDWELL BANKER PREMIER | |||
| Apr 28, 1999 | Sold | ||
| Sold | |||
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About Ormond Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017