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$1,247,200

Beds
3
Baths
3.0
sq ft
1,816

5499 S Atlantic Ave Unit 905, New Smyrna Beach, FL 32169

5499 S Atlantic Ave Unit 905

NEW SMYRNA BEACH, FL 32169

  • 78 days on market
Direct ocean front, fully updated and beautifully furnished coastal New Smyrna Beach retreat in the prestigious gated community of Southwind. This luxurious 3-bedroom, 3-bathroom oceanfront condo on the desirable "No Drive" section of the beach is perfect for those seeking a serene getaway or a lucrative investment opportunity. On the 9th floor, this residence offers breathtaking, unobstructed north-facing ocean views and a three-way split floor plan that ensures privacy and comfort for you and your guests. The open floor plan showcases a recently remodeled kitchen featuring solid wood cabinets with soft-close dovetail drawers, Quartz countertops and backsplash, stainless steel appliances, and ample storage. The seamless connection between the kitchen, dining, and living areas allows you to prepare meals while soaking in the panoramic views. All three bathrooms have been elegantly upgraded, with the master bath transformed into a spa-like oasis for ultimate relaxation. Modern updates include a washer, dryer, hot water heater, hurricane-rated windows, and electric hurricane shutters that can be operated remotely from your smartphone. Residents enjoy exclusive access to the 12th-floor Penthouse Owner’s Lounge with a rooftop deck, full kitchen, billiard and ping-pong tables, gaming tables, and a cozy fireplace. Additional amenities include a beachside Olympic-sized heated pool, pickleball, shuffleboard, tennis, and basketball courts, offering plenty of opportunities to stay active and socialize. With a Structural Integrity Reserve Study and Milestone Inspection Report completed, this property is both a safe and sound investment. This is a rare chance to own a slice of oceanfront paradise in one of New Smyrna Beach’s most sought-after locations.

Details

Property type

Condominium

Est. home value

$1,442,359

Lot size

2.69 acres

Price per sq ft

$687

Year built

1980

Annual property taxes

$12,503.29

HOA

Yes

Price History

12/16/2024
StellarMLS

StellarMLS #NS1083251

Listed
$1,247,200
-0.22%
12/05/2024
StellarMLS

StellarMLS #O6132172

Removed
$1,250,000
11/14/2024
StellarMLS

StellarMLS #O6132172

Price change
$1,250,000
-3.85%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Pool, Tennis Court(s)

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

$527,673
Asking price
$1,247,200
Closing costs (~8% of asking)
-$99,776
Est. remaining loan balance
-$619,751
Cash to seller
$527,673

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2022

Original loan amount

$647,200

Est. remaining balance

$619,751

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Glenn Shaffren and Diane Shaffren

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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House

6912 S Atlantic Ave, New Smyrna Beach, FL 32169

Status: Active

Tomo last checked: 03/04/2025 at 7:25 AM

Listing updated: 03/01/2025 at 2:24 PM

Listed by: Pat Collado, COLLADO REAL ESTATE Phone #: (386) 427-0002

MLS: StellarMLS #NS1083251

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