A one-of-a-kind opportunity in New Smyrna Beach! An updated beachfront condo with stunning ocean views, located next to Bethune Park and among million-dollar homes. This top-floor end unit is pet-friendly. The condo comes newly furnished and equipped with everything you need to relax at the beach. Free from hurricane damages and NO Assessments.
You could live at this adorable 2 bedroom, 1 bathroom retreat or rent it due to the generous rental zoning laws. This condo is zoned B-8W, which allows short-term rental and AirBnB.
The community boasts a beautiful pool just steps away from the beach. This unit offers numerous advantages and has been nicknamed "The Pelican's Pass" because you can enjoy watching pelicans fly by the outdoor front porch all day long, along with beautiful sunrises, sunsets and ocean views.
It's a corner end-unit featuring floor-to-ceiling doors and windows, which provide ample natural light and beach views. The master bedroom is an ensuite and shares the bathroom with the other rooms. The unit is equipped with new appliances (2024), a new HVAC system (2024), new hurricane windows with turtle friendly glass, new furniture (2023), and new TVs. Cable is included in the HOA, and there are no assessments. Engineering report has been done. The seawall is maintained by the county. The beach area has lifeguards on patrol and surfing is allowed. The beach is peaceful and serene as it is a no-driving beach, but there is convenient free beach parking plus TWO private covered and assigned parking spaces for this condo.
This is one of the most desirable locations in New Smyrna, with a peaceful and safe reputation. The condo is situated between the beach and the Mosquito Lagoon, which allows for tons of outdoor recreation opportunities from kayaking, surfing, fishing, and more. You can watch rocket launches from the large porch, walk to JB Fish Camp for dinner, or watch the manatees at the river. The nearby Bethune Park Recreation area offers a dog park, tennis, pickle-ball, basketball, and a fishing dock on the river.
The current owners used the condo as their private residence, but for those interested in renting: there are two other condos at The Ocean Club at Turtlemond listed with a very good rental history. This coastal condo has been loved and adored. Please come and see it for yourself!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,200 | $343,200 | $343,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $366 | $366 | $366 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,341 | $2,281 | $2,919 |
Total Monthly Payment | $2,782 | $2,722 | $3,360 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.