Maintained Residential Income
For Sale
$329,900
208 LAMONTE POINT CT, Debary, FL 32713
Residential, DEBARY, FL
Property Size1,766 SF
Lot Size0.10 Acres
Price / SF$186.81
Days on Market103
Property Features for 208 LAMONTE POINT CT
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Family Room, Dining Room, Bedroom 2, Bathroom 1
Parking features
Driveway, Open
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
Exterior features
Rain Gutters, Sidewalk, Sliding Doors
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Subdivision
DEBARY PLANTATION UNIT 21B
Lot features
Flood Insurance Required, City Limits, Landscaped, Sidewalk, Street Dead- End, Paved, Private
View
Water
Directions
North on 17-92 past Highbanks Rd, left into Debary Golf and Country Club (Debary Plantation Blvd), right on Lourdan Ct, right on Lamonte Pointe Ct and located on the left near the end of the cul-de-sac.
Standard status
Active
APN
8022-12-00-0180
Size
1,766 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 18 DEBARY PLANTATION UNIT 21B MB 49 PGS 148-150 INC PER OR 5163 PG 4798 PER OR 5398 PG 2084 PER
Tax Annual Amount
4986
Legal Description
LOT 18 DEBARY PLANTATION UNIT 21B MB 49 PGS 148-150 INC PER OR 5163 PG 4798 PER OR 5398 PG 2084 PER
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
gated community
lawn maintenance included
golf cart friendly
closed-in lanai
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
David Vermillion · License #3340163
(407) 625-3049
Added: May 15
Changed: Aug 23
Last Checked: Aug 25 at 12:06AM
MLS# O6407800
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath half-duplex provides 1,766 square feet of open living space with tile flooring throughout. The layout includes a combined living and dining area, kitchen with appliances, family room, large primary ensuite, walk-in closet, and a closed-in lanai oriented toward water views. A 2-car garage supports daily convenience, while the block and stucco construction, shingle roof, central heating, and central air provide established residential improvements.
Built in 2004, the property features a tankless water heater, solid surface counters, high ceilings, tray ceilings, sliding doors, and interior laundry appliances. The home is located within the gated Debary Golf and Country Club community, which is described as golf cart friendly. Lawn maintenance is included, and the property has public water and public sewer service. RES zoning is identified for the property.
Built in 2004, the property features a tankless water heater, solid surface counters, high ceilings, tray ceilings, sliding doors, and interior laundry appliances. The home is located within the gated Debary Golf and Country Club community, which is described as golf cart friendly. Lawn maintenance is included, and the property has public water and public sewer service. RES zoning is identified for the property.
Key Highlights
- 1,766 square feet of living space
- 2‑bedroom, 2‑bath half‑duplex
- Closed‑in lanai with water views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,140
$269.1K
Cap Rate 7%
$192,243
$192.2K
Cap Rate 9%
$149,522
$149.5K
Market Conditions
NOI Build-Up for 1,766 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.3K $15.48/SF
− Vacancy
−$2.9K −$1.63/SF
EGI
$24.5K $13.85/SF
− OpEx
−$11.0K −$6.23/SF
NOI
$13.5K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,140
Cap Rate 7%
$192,243
Cap Rate 9%
$149,522
Alternative Uses
Best Use
Apartment 5plus
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.7K
$455.6K – $607.5K
NOI $36,450 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 32713, FL
22,438
Population
10,013
Households
2.2
Avg Household Size
50
Median Age
31%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,175
Density / Sq Mi
$87,354
Median Household Income
$51,733
Median Earnings
$1,479
Median Rent
$306,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom half-duplex with water views, a screened lanai, and low-maintenance community living.
Where is this residential income property located?
The property is located at 208 LAMONTE POINT CT Debary, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,766 square feet of living space; 2‑bedroom, 2‑bath half‑duplex; Closed‑in lanai with water views
