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988 SHOCKNEY DRIVE
About This Property
The breathtaking waterfront may first capture your attention, but the beautifully updated interior ensures the home is every bit as memorable. Thoughtfully designed with timeless finishes and quality craftsmanship, every room has been enhanced to complement the incredible setting just beyond the windows. The redesigned kitchen features elegant marble countertops, a spacious island with bar-top seating, a built-in oven and microwave, a new cooktop with a striking range hood, and an open layout that makes entertaining effortless. Recently updated flooring flows throughout the home, while the beautifully updated bathrooms offer a fresh, sophisticated feel. Plantation shutters accent the front of the home, and automatic Bay Breeze blinds on the rear sliders and windows allow you to maximize the breathtaking river views with the touch of a remote.
The primary suite offers its own private retreat with direct access to a screened porch overlooking the pool and Tomoka River, creating the perfect place to enjoy your morning coffee or unwind at the end of the day. French doors off the living room lead to a versatile bonus room that can easily serve as a home office, hobby room, additional storage, or flex space to fit your lifestyle.
The outdoor living spaces are what truly set this property apart. The sparkling, solar-heated pool, complete with an elegant fountain, creates a resort-inspired backdrop for relaxing or entertaining while overlooking the river beyond. Just steps away, your private dock with a boat lift invites you to spend your days cruising the Tomoka River, casting a fishing line from your own backyard, or simply sitting waterside as manatees and dolphins make their way past your dock. Whether you're enjoying a quiet sunrise, hosting friends by the pool, or ending the day with breathtaking sunsets reflecting across the water, this is waterfront living at its finest.
Additional features include extra exterior storage, an oversized driveway with plenty of room for boats, trailers, and recreational vehicles, and the added freedom of no HOA.
Properties offering this combination of location, privacy, and lifestyle rarely become available. With direct access to the Tomoka River, a private dock and boat lift, beautifully updated living spaces, and the natural beauty of Tomoka State Park just beyond your doorstep, this is an opportunity to own a truly special piece of Ormond Beach waterfront. Schedule your private showing today and experience everything this exceptional property has to offer.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$574,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by COLDWELL BANKER COAST REALTY | $579,000 | |
| Listed by COLDWELL BANKER COAST REALTY | |||
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Relisted | $599,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017