2518 Fern Palm Drive, Edgewater, FL 32141
Local realty services provided by:ERA ONETEAM REALTY
2518 Fern Palm Drive,Edgewater, FL 32141
$549,000
- 6 Beds
- 4 Baths
- 3,006 sq. ft.
- Multi-family
- Active
Listed by: mike bretzel
Office: keller williams realty florida partners
MLS#:1228946
Source:FL_DBAAR
Price summary
- Price:$549,000
- Price per sq. ft.:$140.77
About this home
Built in 2021, this fully occupied duplex presents an outstanding turnkey investment opportunity in the growing Edgewater market just minutes from New Smyrna Beach. Investors can enjoy the benefits of one of Central Florida's most desirable coastal markets while often acquiring property at a more attractive price point than comparable opportunities nearby. Cash flow starts on day one with this property generating $3,850 per month in gross rental income. This investment offers modern construction with thoughtfully designed floor plans that maximize both space and functionality. The property is occupied by two outstanding long term tenants who take pride in their homes and have expressed interest in extending their leases, creating an ideal turnkey investment opportunity.
Each unit features 3 bedrooms, 2 bathrooms, an oversized one car garage, soaring vaulted ceilings, luxury vinyl plank flooring throughout the main living areas, granite countertops, white shaker cabinetry, .. CON'T ... stainless steel appliances, spacious kitchen islands, interior laundry rooms, generous primary suites with dual vanities and walk in showers, covered rear lanais, central air conditioning systems, and private backyards overlooking a wooded setting.
Designed with investors in mind, each unit is separately metered for electric and water, with tenants paying all of their own utilities to help reduce owner expenses. The oversized lot provides additional green space that enhances the property's appeal for long term tenants. Situated on an oversized 120' x 100' lot, this property offers convenient access to shopping, dining, parks, the Indian River, public boat ramps, and the beaches of New Smyrna. Its central location also provides convenient access to Cape Canaveral, the Kennedy Space Center, Orlando, and Florida's renowned Space Coast. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss....
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Home facts
- Year built:2021
- Subdivision & Development:Florida Shores
- Listing ID #:1228946
- Added:65 day(s) ago
- Updated:September 27, 2026 at 03:02 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Tile
- Living area:3,006 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:3,006 sq. ft.
- Lot area:0.28 Acres
Finances and disclosures
- Price:$549,000
- Price per sq. ft.:$140.77
- Tax amount:$8,123 (2025)
Parking
- Parking description:Attached, Garage
- Garage:Yes
- Garage spaces:2
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