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541 S PENINSULA AVENUE, #B20, New Smyrna Beach, FL, 32169 | $360,000
"Prime Investment Opportunity in New Smyrna Beachside Living: Airbnb-Allowed Condo with 3-Day Minimum Rental!
Don't miss your chance to own the most affordable Airbnb-eligible condo with a coveted 3-night minimum rental zoning in the highly desirable area of Flagler 3rd Avenue Business District. This gem is tucked away just north of the bustling 3rd Avenue Business District, adjacent to the charming Norwood's Treehouse Restaurant, and offers convenient access to Highway 44 East.
Imagine the convenience of strolling to downtown Flagler Avenue with its vibrant shops, acclaimed restaurants, and the inviting Ocean Avenue Beach Walkway. For water enthusiasts, a short walk takes you to Callalisa Creek, where you can indulge in activities like surfing, paddleboarding, or kayaking.
This vintage condo complex is part of a meticulously maintained community with impressively low maintenance fees. Nestled on the second story, it overlooks the beautifully landscaped seasonal heated pool courtyard. The condo features a spacious bedroom fit for a king-size bed, a full bathroom, a well-appointed kitchen, a comfortable living room, and a private balcony deck – the perfect beach retreat you've been looking for.
The low monthly maintenance fee covers a host of benefits, including a well-maintained air system, hot water supplied by the HOA, on-site laundry facilities, storage options, secure premises with friendly neighbors, and an assigned A19 parking space.
This property offers the flexibility to make it your year-round beachside residence or a lucrative second home for short- or long-term rentals. Unleash your design ideas to transform this condo into your cozy beach haven.
Don't miss out on this exceptional investment opportunity! Act now to secure your piece of New Smyrna Beachside Living. Contact us for more information. "
Features
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 2
- Rooms: 5
- Bedrooms: 2
- Baths: 1 full
- Laundry: Laundry Room, Other
- Complex: CORONADO ARMS CONDO
- Year Built: 1972
- Approx Sq. Feet: 840
- Est. Taxes: $3,389
- Lot Desc: City Lot
- Pool: Heated, Other
- Pet Policy: Yes
- Appliances: Gas Water Heater, Microwave, Range, Refrigerator
- MLS#: O6173252
- Days on Market: 9 days
- Website: https://www.raveis.com
/prop/O6173252/541speninsulaavenue_newsmyrnabeach_fl?source=qrflyer
Listing courtesy of COLLADO REAL ESTATE Phone: 386-427-0002
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
541 S PENINSULA AVENUE, #B20, New Smyrna Beach, FL, 32169
$360,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $288,000 | $288,000 | $288,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
| Monthly Tax Payment | $282 | $282 | $282 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,965 | $1,940 | $2,469 |
| Total Monthly Payment | $2,322 | $2,297 | $2,826 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388