$124,000
●
Land -
Off Market
970 ARROYO PARKWAY
ORMOND BEACH, FL 32174
Studio
0 Bath
$740
Est. Monthly
About This Property
Build your dream home in the heart of Ormond Beach! This wooded
1.2-acre residential lot offers a rare opportunity with plenty of
space to design your ideal home and lifestyle. Located along the
scenic, tree-lined Arroyo Parkway, the property is surrounded by
mature oaks and swaying palms, giving it a private, natural feel
just minutes from shops, dining, and beaches. Enjoy walking
distance to Central Park, a 149-acre community gem made up of four
beautifully maintained parks. Amenities include walking and biking
trails, a fishing pier, canoe/kayak launch, playgrounds, picnic
pavilions, gazebos, outdoor grills, basketball and tennis courts,
restrooms, and a peaceful lake for boating and fishing. The park
also features a unique labyrinth on Hammock Lane, a peaceful
addition created through local community effort.
Whether you're looking to relax, explore nature, or stay active, this location offers the perfect backdrop. Bring your own builder or work with a local pro to make your vision a reality!
**All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information**
Whether you're looking to relax, explore nature, or stay active, this location offers the perfect backdrop. Bring your own builder or work with a local pro to make your vision a reality!
**All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information**
Unit Size
-
Days on Market
48 days
Land Size
1.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$101
HOA Dues
-
Year Built
-
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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 #V4942188)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 17, 2025 | Listed by ADAMS, CAMERON & CO., REALTORS | $130,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
| Sep 11, 2022 | No longer available | - | |
| No longer available | |||
| Mar 5, 2022 | Listed by Coldwell Banker Premier Properties- Ormond Beach | $139,900 | |
| Listed by Coldwell Banker Premier Properties- Ormond Beach | |||
| | |||
|
Can't find a house in this Market? Build your dream home right in the heart of Ormond Beach. This high & dry wooded 1.2 acre lot with NO HOA is the perfect spot to build your best memories!! Situated along the canopy road of Arroyo Parkway, this woodland fairytale lot sits on a street of old growth Oaks and swaying palms & offers the best of Florida country living right in town! Walking distance to Central Park & 149 additional acres of nature lovers delight! You will want to add a large sweeping porch, to delight in the sights of nature while enjoying world famous dining and entertainment! Bring your builder or use one of our preferred builders- Stoll Construction, or Gulfstream Homes to construct your forever home with as much garage space as your beach toys will need!
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Parkway Homesites
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Listed by: Allison Gartrell, PLLC
ADAMS, CAMERON & CO., REALTORS
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# V4942188
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.
ADAMS, CAMERON & CO., REALTORS
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# V4942188
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017