1600 Big Tree Road, Daytona Beach, FL 32119
Local realty services provided by:ERA ONETEAM REALTY
1600 Big Tree Road,Daytona Beach, FL 32119
$1,800,000Last list price
- 8 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: cheryl gray, chris minniear
Office: oceans luxury realty full service llc.
MLS#:1220246
Source:FL_DBAAR
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Price summary
- Price:$1,800,000
- Monthly HOA dues:$384
About this home
Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity
Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community.
This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition. Georgetown Lake offers residents a full amenity package, including a community pool, tennis court, fitness center, clubhouse, landscaped grounds, and on-site management. Each unit has one assigned parking space plus access to guest parking. The community's one-year minimum lease requirement supports a stable, long-term resident base and reduces turnover compared to short-term or transient rentals.
Located just minutes from I-95 and I-4, Daytona International Speedway, Daytona State College, Bethune-Cookman University, major employers, retail corridors, and a short drive to the beach, Georgetown Lake consistently attracts strong demand from students, young professionals, workforce tenants, and retirees seeking affordable, amenity-rich housing.
This offering gives investors:
A 25-unit, all 1BR/1BA portfolio in a 167-unit garden-style condo community
24/25 units occupied with leases largely in place through next year
Long-term professional management with complete documentation for underwriting
Desirable community amenities and on-site management that support occupancy and retention
Operational efficiency and scalability from owning multiple units in a single location
Upside potential through rent optimization and strategic interior upgrades over time
This is an opportunity to acquire a turnkey, stabilized, and easily managed condo portfolio in a high-demand submarket of Daytona/South Daytona with strong fundamentals and clear upside.
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Home facts
- Year built:1986
- Listing ID #:1220246
- Added:105 day(s) ago
- Updated:March 07, 2026 at 07:24 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Carpet, Tile, Vinyl, Wood
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1986
Finances and disclosures
- Price:$1,800,000
- Tax amount:$569 (2025)
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