With one of the best locations in New Smyrna Beach, we are pleased to show this recently updated fully furnished beachfront condo with amazing ocean views located in the southern part of NSB on the no-drive beach. With close proximity to Mary McLeod Park you have everything you need right in your backyard. This top-floor end unit comes fully furnished and equipped with everything you need to relax at the beach. Relatively low HOA fees and few (no current) special assessments make this a desirable complex. Whether you choose to live full time in this beautiful 2 bedroom 1 bathroom retreat or rent it to help offset costs, this condo offers you plenty of options. This county laws and HOA regulations allow short-term rentals of at least one week which can offset ownership costs between $15, 000 and $30, 000 depending on the frequency of rentals. The community has a magnificent pool just steps away from the beach. With beautiful sunrises, sunsets and ocean views, this condo will delight anyone looking to relax at the beach. Floor-to-ceiling doors and windows provide plenty of natural light and beach views. The main bedroom has an en suite that also shares the bathroom with the other rooms. New appliances and HVAC upgraded in 2024 as well as new hurricane windows with turtle friendly glass replaced in 2023. New furniture and TVs all convey with the property. Cable is included in the HOA monthly fee. Engineering reports have recently been done and the seawall is maintained by the county, not the HOA. The beach area has lifeguards on patrol and an access ramp. TWO private covered and assigned parking spaces are included with this condo and there is convenient beach parking right along the seawall. This is one of the most desirable locations in New Smyrna, with a peaceful and safe reputation on the no-drive beach. The condo is situated between the beach and the Mosquito Lagoon, which allows for tons of outdoor recreation opportunities from kayaking, surfing, fishing, and more. You can watch rocket launches almost weekly from your large balcony. You can walk to historic JB Fish Camp for lunch or dinner and watch the manatees in the river. Nearby Bethune Park Recreation area offers a dog park, tennis, pickle-ball, basketball, and a fishing dock on the river. The current owners used the condo as their private residence, but for those interested in renting, I manage two other condos at The Ocean Club at Turtlemond with very good rental histories. I would be happy to provide current rental income figures to help show the income potential. This coastal condo is a real gem so please come and see it for yourself!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $374 | $374 | $374 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,231 | $2,286 | $2,900 |
Total Monthly Payment | $2,680 | $2,735 | $3,349 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.