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$899,000

Beds
4
Baths
4.0
sq ft
2,268

200 Live Oak St, New Smyrna Beach, FL 32168

200 Live Oak St

NEW SMYRNA BEACH, FL 32168

  • 57 days on market
BACK ON THE MARKET – BUYER’S FINANCING FELL THROUGH! Welcome to 200 Live Oak Street, a historic treasure in the heart of New Smyrna Beach’s Historic District. Just one block from the vibrant Canal Street and only 5 minutes from pristine Florida beaches, this property offers the perfect blend of charm, location, and opportunity. Zoned Mixed-Use (MU) with nightly rentals permitted and located within the B&B overlay, this versatile property also allows for Airbnb and short-term rentals, making it a fantastic investment opportunity. The property includes four separate units: a 1,000 sq. ft. downstairs commercial space with an ADA-compliant bathroom and expanded parking, and three residential units—Unit A downstairs, featuring 1 bedroom and 1 bathroom, and Units B and C upstairs, each offering 1 bedroom and 1 bathroom. It is fully rented, generating immediate income for the new owner. This turnkey property comes fully furnished, ready for use or continued rental operations. Recent upgrades include a new roof (January 2023) with warranty, tropical landscaping with shell groundcover (February 2023), and a transferable termite bond (tented September 2022). Situated on a spacious corner lot, it boasts excellent visibility, ample parking for vehicles, boats, or trailers, and prime signage opportunities. Whether you envision operating a boutique, coffee shop, wellness studio, or maintaining its thriving status as a short-term rental property, the possibilities are endless. Ideally located just an hour from Orlando International Airport (MCO), steps from Canal Street's shops, dining, and events, and minutes from the beach, this rare gem offers charm and potential in one of Florida’s most desirable coastal towns. Don’t miss this opportunity to own a fully furnished, fully rented, income-generating property in historic New Smyrna Beach!

Details

Property type

Single Family Residence

Est. home value

$705,134

Lot size

0.26 acres

Price per sq ft

$397

Year built

1903

Annual property taxes

$11,291

HOA

No

Price History

12/05/2024
StellarMLS

StellarMLS #NS1083201

Listed
$899,000
+49.83%
10/13/2021
StellarMLS

StellarMLS #NS1064312

Sold
$600,000
+233.33%
04/07/2016
StellarMLS

StellarMLS #NS1027507

Sold
$180,000

Schools & Community

Neighborhood: 

Canal Downtown

Elementary school: 

Chisholm Elem

Middle school: 

New Smyrna Beach Middl

High school: 

New Smyrna Beach High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$174,108
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$652,972
Cash to seller
$174,108

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

January 2024

Original loan amount

$659,120

Est. remaining balance

$652,972

Interest rate

7.44%

Loan type

New Conventional, 30 year

Seller

Sarah Pendleton and Jachin Pendleton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/31/2025 at 12:55 AM

Listing updated: 12/07/2024 at 2:00 PM

Listed by: Ignacio Barsottelli, COLLADO REAL ESTATE Phone #: (386) 427-0002

MLS: StellarMLS #NS1083201

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