2903 Hill STREET, New Smyrna Beach, FL, 32169 | $12,500,000

This is an exceptional opportunity to own one of the most renowned, first of its kind, exclusive, private, 5-Star, Luxury Vacation Resorts, in the heart of New Smyrna Beach, Florida – JOY BY THE SEA. This iconic, luxurious, vacation compound, spanning over 3 lots, is recognized by its spectacular, all matching, bright blue metal roof tops. It is perfect for family vacations, weddings, reunions, parties, gatherings & more and is conveniently located in the short-term rental locale. Joy by the Sea features both a direct OCEANFRONT BEACH HOUSE with private pool & jacuzzi as well as SIX BEACHSIDE VILLAS that surround a refreshing, saltwater private pool amidst gorgeous, lush tropical landscaping. The exquisite, Coastal Mediterranean, Luxurious Beach House was completely remodeled in 2021 with impeccable attention to detail and a seamless blend of elegance & timeless charm. This leaves nothing to be desired with its unobstructed ocean views, mere footsteps to feeling sand & ocean water in your toes, with state of the art amenities, including a private sport pool with volleyball net, huge deck with jacuzzi tub, lounge chairs, outdoor kitchen with concrete wood-burning oven, 2 built-in charcoal grills, beverage fridge, covered patio with dining table & a 9-person bar top overlooking the pool and ocean. Inside, enjoy 2, 600 SF of living space under central air, 3 levels, living room, dining room, gourmet kitchen with island, 4 bedrooms, 4 full baths, including 1 King bed, 2 Queen beds & 4 Twin beds to sleep 10 comfortably & 2 balconies offering breathtaking views any time of day. Directly across the street are the Six Upscale Beachside Villas which include two, 1-bedroom two-story units and four , 1-level Studios which, in total, sleep 32. Each are stylishly appointed, fully renovated with premium furnishings, high-end appliances, private washers & dryers, balconies on the 2-story units & all surrounding the private community pool, patio with lounge chairs and umbrella, also, an outdoor shower, gazebo, 2 outdoor grills, bicycles and concierge for any needs or requests. Location, location, location. While the Beach House has direct ocean access with its own private walkway, Joy by the Sea is situated right next to a public beach access for the convenience of the Villas. Enjoy being less than 2 miles from Flagler Avenue Beachfront where you can visit all of the family-owned & operated restaurants, shops and entertainment venues, embracing everything that New Smyrna Beach, Florida represents. Only 8 miles away is The Preserve at Turnbull Bay, 15 mins from Venetian Bay, 20 mins from Sugar Mill, Cypress Head Golf Club is within 14 miles & Daytona Beach Golf Club within 17 miles. Joy by the Sea is conveniently located within 22 miles of the Daytona Beach International Airport and within 35 miles of the Sanford International Airport. This is an incredible opportunity for anyone looking to invest in an income-producing, 5-Star, oceanfront compound which is an icon of New Smyrna Beach, Florida. Joy by the Sea is the epitome of luxury an exceptionalism & truly has it all. The ideal location for family vacations, reunions, weddings, corporate retreats & any event. Joy by the Sea is being offered as a package only, to include both the Beach House & all 6 Luxury Villas. Come preview this exceptional property for an outstanding investment opportunity as well as a privilege to own one of the most iconic properties in all of New Smyrna Beach, Florida.

Features

  • Rooms: 10
  • Bedrooms: 4
  • Baths: 4 full
  • Lot Size: 50 x 328
  • Laundry: Laundry Room
  • Style: Florida
  • Year Built: 1950
  • Garage: Ground Level, Open, Parking Pad
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,592
  • Acreage: 0.38
  • Lot Size: 50 x 328
  • Est. Taxes: $25,159
  • Lot Desc: CoastalConstruction Control Line, City Lot, Landscaped
  • View: Pool, Water
  • Elem. School: Coronado Beach Elem
  • Middle School: New Smyrna Beach Middl
  • High School: New Smyrna Beach High
  • Pool: Gunite, Heated, In Ground, Lighting, Outside Bath Access, Salt Water, Tile
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: O6240607
  • Days on Market: 52 days
  • Website: https://www.raveis.com
    /eprop/O6240607/2903hillstreet_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 6:05:44 PM)
Listing courtesy of ARMEL REAL ESTATE INC   Phone: 407-509-3812

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2903 Hill STREET, New Smyrna Beach, FL, 32169

$12,500,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $10,000,000 $10,000,000 $10,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.876% 6.725%
Monthly Tax Payment $2,097 $2,097 $2,097
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $64,031 $64,860 $87,111
Total Monthly Payment $66,253 $67,082 $89,333

* 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.