Welcome to your slice of paradise in New Smyrna Beach, FL, where luxury meets potential investment opportunity! Nestled between the tranquil intercoastal river and the pristine shores of the Atlantic Ocean, this beautiful property boasts an enviable location just moments away from the vibrant Flagler Ave. Spread across over 1 acre of prime real estate, this gem offers endless possibilities, particularly for savvy investors looking to capitalize on its multifamily development potential. Ascending three floors, this exquisite residence harmoniously blends functionality with elegance. The ground floor presents a spacious three-car garage, providing ample storage and convenience for residents. Ascend to the second floor, where an inviting living room seamlessly flows into a gourmet kitchen, ideal for hosting gatherings and creating lasting memories. A thoughtfully placed bathroom adds convenience to this level. Journey to the pinnacle of luxury on the third floor, where tranquility awaits in the form of spacious bedrooms, complemented by three opulent bathrooms and a convenient laundry room, ensuring comfort and practicality for residents. Beyond the allure of the property itself, its location in one of the most coveted areas of New Smyrna Beach further enhances its desirability. With easy access to Flagler Ave, residents can indulge in the eclectic mix of boutiques, restaurants, and entertainment options just moments from their doorstep. For the discerning investor, this property represents not only a luxurious retreat but also a lucrative opportunity for multifamily development. With the potential to capitalize on the burgeoning demand for upscale housing in this coveted locale, the possibilities are limitless. Don't miss your chance to own a piece of paradise with unparalleled investment potential. Contact us today to seize this rare opportunity to turn dreams into reality along the shores of the enchanting India River and Peninsula
This property is $7.5M more than the Median Sold Price and $2.8K/SqFt more than other homes in New Smyrna Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #V4934381
Listing Office:
Office Name: REALTY PROS ASSURED
Office Phone: (386) 677-7653
Listing Agent: Cheryl Gray
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 5/2/2024, 9:19:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,681
$243,227
2019
$3,716
$237,759
2018
$3,706
$233,326
2017
$3,731
$228,527
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$39.9K
Per Month
Principal & Interest
$39.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$24K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Coronado Beach Elementary School
3550 Michigan Ave
Distance between this listing and this school2.59 miles
Public District Grades KG-5
Middle School
3
/10
New Smyrna Beach Middle School
1200 S Myrtle Ave
Distance between this listing and this school2.36 miles
Public District Grades 6-8
High School
4
/10
New Smyrna Beach High School
1015 10th St
Distance between this listing and this school2.66 miles
Public District Grades 9-12
Assigned Schools
9
/10
Coronado Beach Elementary School
3550 Michigan Ave
Distance between this listing and this school2.59 miles
Public District Grades KG-5
Nearby Schools
8
/10
Chisholm Elementary School
557 Ronnoc Ln
Distance between this listing and this school1.77 miles
Public District Grades PK-5
6
/10
Read-Pattillo Elementary School
400 6th St
Distance between this listing and this school1.86 miles
Public District Grades PK-5
Assigned Schools
3
/10
New Smyrna Beach Middle School
1200 S Myrtle Ave
Distance between this listing and this school2.36 miles
Public District Grades 6-8
Nearby Schools
6
/10
Creekside Middle School
6801 Airport Rd
Distance between this listing and this school8.60 miles
Public District Grades 6-8
4
/10
Silver Sands Middle School
1300 Herbert St
Distance between this listing and this school9.56 miles
Public District Grades 6-8
Assigned Schools
4
/10
New Smyrna Beach High School
1015 10th St
Distance between this listing and this school2.66 miles
Public District Grades 9-12
Nearby Schools
5
/10
Spruce Creek High School
801 Taylor Rd
Distance between this listing and this school8.54 miles
Public Magnet Grades 9-12
3
/10
Atlantic High School
1250 Reed Canal Rd
Distance between this listing and this school10.96 miles
The neighbors living near this home have an average income of $60,156. Residents of New Smyrna Beach, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 173 Ocean Ave
What is the listing price of this property?
The listing price of 173 Ocean Ave property is $8,000,000.
What type of property is this?
The property 173 Ocean Ave is a house located in New Smyrna Beach, Florida, 32169.
Is this property for sale now?
Active Listing: 173 Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 173 Ocean Ave are: Coronado Beach Elementary School: GreatSchools Rating 9/10New Smyrna Beach Middle School: GreatSchools Rating 3/10New Smyrna Beach High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $3,681 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 173 Ocean Ave has 3 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 173 Ocean Ave is 2,574 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 173 Ocean Ave is 2005.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 173 Ocean Ave in New Smyrna Beach, FL and zip code 32169. This 2,574 square foot home, which was built in 2005, sits on a 1.64 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $8,000,000.
In April 2024 more than 5 listings in New Smyrna Beach, FL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 91 were sold below. In April 2024 in New Smyrna Beach, FL there were 6.5% more homes for sale than in March 2024. In April 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $435,078.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
PGA/LPGA
PGA/LPGA
Hiking/backpacking
Figure Skating
Stein Mart
Nordstrom Rack
Chico's
Bonefish Grill
Chipotle
Bob Evans
Lincoln
Mazda
Oldsmobile
Classical
Rock
News