Property Description
An Incredible Opportunity for Oceanfront Living. Unmatched Value compared to Recent Sales, plus the Seller is offering Six months of HOA fees at closing! Experience life at The Malibu, New Smyrna Beach’s premier Boutique Condominium, where Luxury and Investment potential meet. This beautifully updated 2,226 sq. ft. condo with an oversized balcony features 3 bedrooms, 3 baths, and a flexible 4th bedroom/flex space — perfect for family, guests, or a home office. With rental income potential up to $70,000 annually and panoramic ocean views from your front door to your private balcony, this is coastal living at its best. 3 bedroom, 3 bath unit features a bright, Open Floor Plan with breathtaking Ocean Views you can soak in from your front door to your Private Balcony. Key features include a Split Floor Plan designed to provide maximum Privacy, featuring 2 Additional En Suite Bedrooms (with an additional 4th bedroom or flex space that offers versatility to suit your needs), which all assures ample space that’s perfect for family as well as guests. The Primary Suite is a true Sanctuary, offering Full Oceanfront Views, Private Sliding Door to the balcony, a spacious Walk-In Closet, and a Spa-like Bathroom featuring an oversized Jet Soaking Tub, Dual Vanities and huge Walk-In Shower. The well-appointed sleek/clean kitchen features Stainless Steel appliances and solid surface Quartz Countertops. Recent upgrades to this unit in 2024 include; AC/HVAC system, Flooring, Hot Water Heater, Whirlpool Refrigerator. Exclusive Malibu amenities include a Private Large Gunite Pool (with heater), Large Pool Deck area along with a relaxing Hot Tub. The Clubhouse features a great Fitness Room for residents' enjoyment. The Malibu provides Reserved Underground Parking, a Generator for both Elevators, Pets are allowed for owners. The Malibu offers an attractive 7-Day Rental period, making this Direct Oceanfront Condo a Highly desirable Investment Opportunity. With 3 Bedrooms, plus 4th Room Flex space, Resort Style amenities, and a Prime location just South of Flagler Avenue, this property is positioned for High-Rental Demand and strong earning potential making this not only a Luxurious Residence but also a smart Income Producing Asset. Recent complex updates include: Exterior Painted in 2024 and fully re-landscaping. Extended 60 Ft Seawall, and the existing Seawall was recently re-conditioned. The Malibu is Well Maintained and has Fully Funded Reserves. (See Reserve Study.) Comprehensive HOA includes: Landscaping, Cable TV, Building Insurance, Exterior and Common Grounds upkeep, Clubhouse and Exercise Facility, Electronic Coded Lobby Security and Trash Service. Beach access is just a few steps away. Combined with the Malibu’s Prime Location just south of Flagler Avenue, along with its many Shopping opportunities and Great Restaurants, all a short walk away. Come and enjoy Coastal Living at its finest in the Luxurious Malibu Condominium today, with unparalleled Oceanfront Views, top-tier Amenities and modern upgrades. This is a rare opportunity to own a Piece of Paradise in one of the most sought-after locations in New Smyrna Beach. Be sure to check out our Video Tour.
Property Details
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