Property Description
Welcome to a rare, fully reimagined COASTAL INCOME PROPERTY TRIPLEX designed for investors seeking strong returns, low-maintenance ownership, and unbeatable location. Positioned directly across from Daytona Lagoon Waterparl and just steps from the Atlantic Ocean, this exceptional turnkey triplex places you in the center of everything that makes Daytona Beach one of Florida's most recognized beach destinations. Completely rebuilt and thoughtfully redesigned, this trophy multi-unit property blends modern construction, upscale finishes, and income-producing versatility. Whether utilized as a high-performing short-term rental portfolio, long-term executive housing, or an owner-occupied investment with supplemental income, 205 N Wild Olive delivers a compelling opportunity for immediate cash flow and long-term appreciation. The property consists of three beautifully finished 2-bedroom, 2-bath residences, each curated with contemporary coastal style and functionality in mind.
Unit 205 - Front Residence
Approx. 1,100 SF Single-Story Coastal Cottage
Originally taken nearly to the studs and rebuilt with exceptional craftsmanship, the front residence preserves the charm of the original character while delivering the feel of a brand-new home. The redesigned floor plan features:
2 spacious bedrooms
2 full bathrooms
Flexible bonus room ideal for a home office, bunk room, media space, or potential 3rd sleeping area
Original decorative fireplace feature
All-new roof, siding, systems, appliances, and finishes
This residence offers the perfect blend of historic beachside charm and modern luxury.
Unit 207 - Newly Constructed Rear Building
Approx. 1,300 SF Total Two Separate Residences
Built entirely from the ground up, the newly constructed rear building includes:
One upstairs 2BR/2BA residence
One downstairs 2BR/2BA residence
Both units were designed with elevated attention to detail, maximizing comfort, durability, and rental appeal.
Property Highlights
Fully turnkey investment opportunity
Three total 2BR/2BA residences
Brand-new plumbing, electrical, roofing, appliances, and major systems
Interior wall insulation for enhanced efficiency and sound reduction
Built with above-code considerations for adverse weather resilience
Dedicated outdoor laundry facility with oversized washer/dryer area
Modern coastal finishes throughout
Minimal deferred maintenance for years to come
Prime Beachside Location
Situated in one of the most walkable and desirable corridors of Daytona Beach, the property is moments from:
Daytona Lagoon Waterpark
The Ocean Center
Peabody Auditorium
Beaches, riverfront attractions, dining, nightlife, and shopping
Its premier location supports strong year-round rental demand from vacationers, seasonal visitors, event attendees, and beachside professionals alike.
Investment Performance
Projected cap rates exceed 7 percent when maximizing all rentable space, with estimated owner-occupied performance exceeding 4 percent cap rate scenarios. This asset offers investors the increasingly rare combination of:
New construction quality
Prime beachside positioning
Strong income potential
Low maintenance ownership
Long-term appreciation upside
For the discerning investor seeking a polished, income-producing coastal asset with immediate operational potential, 205 N Wild Olive Ave represents a standout opportunity in the Daytona Beach market.
Property Details
Area
Smith Bertha K Resub Blks 17-18 21-23 & 26 Memento
Disposal
Dryer
Range
Refrigerator
Tankless Water Heater
Washer
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