tomo logo

$1,495,000

Beds
7
Baths
5.5
sq ft
2,974

801 Canal St, New Smyrna Beach, FL 32168

801 Canal St

NEW SMYRNA BEACH, FL 32168

  • <1 day on market
This exceptional property offers a fantastic multi-purpose investment opportunity in the heart of New Smyrna Beach, providing unparalleled flexibility for a range of uses. Whether you're interested in starting a short-term rental business, opening a boutique bed & breakfast, establishing professional office space, or launching a retail storefront, this property is perfectly designed to accommodate your vision. The property features spacious, independent units, offering flexibility to support various business models. It has been completely remodeled with exquisite attention to detail, showcasing high-end finishes and beautiful decor throughout. Currently, it generates over $130,000 annually from short-term rentals, making it a highly profitable venture. This property is in a prime area just a short walk to vibrant shopping and dining options on Canal and Flagler Avenue, a few minutes from the river, 7 minutes to the beach. The generous layout includes 5 bedrooms and bathrooms, creating a perfect blend of business and living space. With its unbeatable location, modern updates, and multiple income streams, this property is a rare gem in New Smyrna Beach. Whether you're an investor, entrepreneur, or someone looking for a unique combination of business and living space, this is an opportunity you won’t want to miss!

Details

Property type

Single Family Residence

Est. home value

$671,738

Lot size

0.79 acres

Price per sq ft

$503

Year built

1948

Annual property taxes

$8,838.35

HOA

No

Price History

04/04/2025
StellarMLS

StellarMLS #NS1084419

Listed
$1,495,000
+200.56%
04/30/2021
Daytona

Daytona #1079164

Sold
$497,400

Schools & Community

Neighborhood: 

Historic Westside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

James David Howell Etal

Loan start date

June 2018

Original loan amount

$345,000

Est. remaining balance

Not provided

Interest rate

4.58%

Loan type

Seller take-back, 3 year

Seller

Joanne Hampton

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?

Status: Active

Tomo last checked: 04/04/2025 at 9:35 PM

Listing updated: 04/04/2025 at 1:31 PM

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

MLS: StellarMLS #NS1084419

StellarMLS logo