103 FLAGLER AVENUE at

103 FLAGLER AVENUE

$295,000

$24,000
Price Decreased

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Overview

0.42 acres

Property Description

Prime 0.42-Acre Corner Lot on Park Ave – R3 Zoning, 3 Blocks from the Edgewater Boat Ramp* Positioned only 3 blocks from the Edgewater boat ramp, City Hall and the area planned for the future DOWNTOWN EDGEWATER redevelopment, this 0.42-acre corner lot sits in the heart of a rapidly evolving coastal community. The City of Edgewater has publicly outlined a funded acquisition plan running 2025–2030, with construction anticipated to begin in 2030, and several nearby properties have already been purchased as part of this long-term vision. This area is poised for transformation — creating exceptional upside for investors who get in now. While Edgewater has had its challenges with stormwater infrastructure, the city has allocated a separate budget to address canals and drainage and has already begun improvements in surrounding areas. Flexible R3 zoning allows for MULTIFAMILY RESIDENTIAL development today, with the added potential to pursue rezoning to COMMERCIAL, INDUSTRIAL, or RETAIL — consistent with successful rezonings of neighboring parcels. NO HOA and short-term rentals permitted, giving you maximum freedom for future use and income opportunities. All within a short 5-minute drive to Downtown New Smyrna Beach and 10 minutes to the famous drivable NSB beaches, this property offers unmatched convenience, lifestyle, and long-term growth potential. A rare investment opportunity in a location with big things on the horizon! DISCLOSURE: An existing single-family home and detached garage are on the property and will need to be demolished, and the land will require fill; the list price reflects these conditions*

Property Details

MLS#

O6366633

Address

103 FLAGLER

City

EDGEWATER

State/county

Zip/Postal Code

32132

Area

Assessors Alvarez Grant

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,823

Maint Fee

$--

Tax Year

2024

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