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$739,900
4 Beds ⋅ 3 Baths ⋅ Andrews SubDv. ⋅ 32168 Zip Code
Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! Or perhaps you're looking for a charming downtown residence with an income-producing cottage? Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value. Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand. The property features a charming two-story main residence with two separate apartments, plus a detached cottage: Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights, Three fully leased residential rental units, Multi-family zoning Located within the Historic and Arts Overlay District, Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old, Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this—fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach—rarely become available. Schedule your private showing today.

407 Magnolia Street, New Smyrna Beach
$405,000
3 Beds ⋅ 2 Baths ⋅ Oak Leaf Preserve Ph 1 SubDv. ⋅ 32168 Zip Code
WELCOME TO THE POPULAR BRISTOL MODEL OFFERED IN TURN KEY CONDITION, WITH NUMEROUS UPGRADES TO HELP YOU ENJOY THE FLORIDA LIFESTYLE! LOCATED IN OAK LEAF PRESERVE WHERE YOUR HOA FEES INCLUDE YOUR LAWN MAINTENANCE, GATED ACCESS AND A BEAUTIFUL COMMUNITY POOL! THIS 3 BED 2 BATH 2 CAR GARAGE HOME FEATURES CONCRETE BLOCK CONSTRUCTION, WITH A FENCED REAR YARD ADJACENT TO THE CONSERVATION AREA, IS READY FOR YOU! OFFERING AN OPEN MODERN FLOORPLAN WITH LOTS OF AMBIENT LIGHT, HIGH CEILINGS WITH TEXTURED FINISH, 18 IN CERAMIC TILE IN ALL TRAFFIC AREAS AND LUXURY PLANK FLOORING IN ALL BEDROOMS. THE OPEN KITCHEN / DINING & LIVING ROOM FLOORPLAN PROVIDES A LARGE KITCHEN ISLAND WITH GRANITE COUNTER TOPS, A WALK IN PANTRY, STAINLESS STEELE APPLIANCES, MATCHING AFTERMARKET PLUMBING FIXTURES, RECESSED LIGHTING, AND TILED BACK SPLASH, ALL ADJACENT TO THE OPEN DINING AREA FEATURING WAINSCOTING DECOR AND THE INVITING LIVING ROOM WITH ELECTRIC FIREPLACE FOR AMBIENCE. THIS SPLIT FLOORPLAN HOME HAS ENERGY EFFICIENT WINDOWS WITH WINDOW TREATMENTS THROUGH OUT. A LARGE PRIMARY BEDRROOM WITH EN SUITE PRIMARY BATH AREA CONTAINS A WALK IN CLOSET COMPLETE WITH CUSTOM BUILT IN CLOSET ORGANIZER, THE PRIMARY BATH PROVIDES DUAL SINKS ON A LARGE ELEVATED VANITY WITH GRANITE COUNTERTOP, LARGE WALK IN SHOWER AND PRIVATE WATER CLOSET. THE GUEST BEDROOMS OFFER CEILING FANS, BUILT IN CLOSETS, AND LUXURY PLANK FLOORING FOR BEAUTY AND ALLERGEN REDUCTION. AN INDOOR LAUNDRY ROOM PROVIDES CONVENIENCE AND ADDITIONAL CABINET STORAGE. THE REAR PATIO IS SCREENED FOR THE ENJOYMENT OF FLORIDA'S OUTDOOR PLEASURES. ADDITIONAL UPGRADES ALSO INCLUDE SMART HOME SYSTEM, DEDICATATE SECURITY SYSTEM, ELECTRONIC DOOR LOCKS, WATER FILTRATION SYSTEM, GARAGE DOOR OPENER, PAVERED DRIVEWAY AND EASY STORE HURRICANE SHUTTERS, FULL YARD IRRIGATION SYSTEM WITH RECLAIMED WATER, ARE JUST SOME OF THE UPGRADES THAT ARE READY FOR YOU TO ENJOY TODAY! SEE THIS GREAT HOME TODAY!

1739 Red Rock Road, New Smyrna Beach
$399,000
2 Beds ⋅ 2 Baths ⋅ Hammonds New Smyrna SubDv. ⋅ 32168 Zip Code
Location, Location, Location! Rare HOME OR BUSINESS OR BOTH!!!Multi-use opportunity in the heart of New Smyrna Beach. Enjoy an easy stroll to Canal Street's popular dining, shopping, art shows, and community events. The detached garage/workshop creates endless possibilities for entrepreneurs, artists, contractors, or anyone needing extra workspace. Excellent access, high visibility, and unlimited potential make this a unique opportunity for both Home Owners / Investors/ Home Office.

607 N Dixie Freeway, New Smyrna Beach
$375,000
3 Beds ⋅ 2 Baths ⋅ Turnbull Shores SubDv. ⋅ 32168 Zip Code
Turnbull Bay Home with Waterview beautiful Sunsets and Bay Breeze. A welcoming front porch with tongue and groove ceiling. Good for those morning breezes and beautiful sunsets. Walking or biking distance to Atlantic Center for the Arts. Driving distance to the beach, restaurants and shopping 17 min and 7.3 miles (according to google maps) A great place for entertainment. This Cottage-style home offers high ceilings, open floor plan with well-placed windows for bright natural light. Great room finishes including fireplace, hardwood floors, and new light fixtures. Kitchen has solid surface counters, wood cabinets and upgraded appliance package. Additional butler’s pantry off dining area includes sink, good cabinet storage and counter space. Washer and Dryer are full size stack units. Primary bedroom includes bathroom with bead board trim, tiled shower and pedestal sink. Two additional bedrooms are off the common hall with access to a full hall bath. Third bedroom is presently used as an office with access to a rear-screened porch, that is currently a play area. The landscaping around the cottage is mature and lush for privacy. A garden shed in the back yard for yard tools. Paver walkways surround the cottage with a small paver sitting area beneath the shade tree. The roof is metal and all windows and doors have shutters. A whole house generator is fueled by propane. No HOA and lot size is 50x130. This home offers quiet seclusion on a dead-end street as well as a tropical feel to the neighborhood.

2835 Sunset Drive, New Smyrna Beach
$1,375,000
4 Beds ⋅ 4 Baths ⋅ Daughertys New Smyrna SubDv. ⋅ 32168 Zip Code
Step into a home that doesn’t just impress online—it captivates in person. Welcome to 532 Faulkner, a truly iconic Victorian-style residence tucked into the heart of downtown New Smyrna Beach, where timeless architecture meets modern refinement. Rich in history and character, this fully restored property has been once cherished by the same family for five generations and is proudly registered as a historic home with the State of Florida. Set on an expansive .59-acre lot with rare R-4 zoning, the possibilities here are as exceptional as the home itself—whether you envision a private estate, multi-residence compound, or a unique investment opportunity. Inside, the home offers 4 bedrooms, including two en-suites and a convenient main level primary suite, 3.5 baths, a dressing room, and a versatile bonus space. Thoughtful design provides both privacy and flexibility, elevated finishes like original heart pine floors that have been restored. The upstairs bath is a true retreat, featuring a classic clawfoot tub and walk-in shower, while generous walk-in closets and storage solutions enhance everyday living. The kitchen seamlessly blends charm and function with GE Café appliances, a gas range, drawer microwave, and warm butcher block countertops. Modern upgrades bring peace of mind, including a tankless gas water heater (2023), high-efficiency AC (2022), new pool equipment (2024), and a full-property irrigation system (2025). Outdoors, the lifestyle truly shines. Enjoy slow mornings on the wraparound porch, unwind on the private second-floor and Jack-and-Jill balconies, or entertain around the heated pool. The detached 20x28 garage/workshop, along with three RV hookups complete with power, water, and septic, adds rare versatility for guests, events, or additional use. This oversized property is fully fenced in with privacy wood fencing in the back and black metal fencing in the from with mature landscaping and beautiful rock with pavers adding a modern touch to this classy property. This property has enough parking for all your family's needs. Perfectly positioned in the golf cart-friendly Canal Street district, you’re just moments from art walks, farmers markets, boutique shopping, and local dining. From watching fireworks on the balcony to hosting during Bike Week or the Daytona 500, every day here offers something special. More than a home, 532 Faulkner is a living piece of New Smyrna Beach history—beautifully preserved, thoughtfully updated, and ready for its next chapter.

532 Faulkner Street, New Smyrna Beach