Three-Story Residential Income with Rooftop
5 SUNNY BEACH Drive Ormond Beach, FL 32176
For Sale
$645,000
MULTI_FAMILY - ORMOND BEACH, FL
Property Size2,150 SF
Lot Size0.10 Acres
Price / SF$300
Days on Market90
Property Features for 5 SUNNY BEACH Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-6
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Dining Room, Bathroom 2
- Patio and Porch features
- Patio, Porch
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
- Exterior features
- Balcony, Private Mailbox, Sliding Doors
- Fencing
- Fenced
- Appliances
- Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Range, Range Hood, Refrigerator, Washer, Water Softener
- Standard status
- Active
- APN
- 3221-08-00-0211
- Size
- 2,150 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 02-13-32 BEGIN NW COR OF E 40 FT OF LOT 20 THENCE E 115 FT THENCE S 56.88 FT THENCE NW 120.64 FT THENCE N 20.32 FT TO POINT OF BEGINNING OCEANSIDE ESTATES MB 27 PG 41 PER OR 4595 PGS 2043-2044 PER OR 6596 PG 2731 PER OR 6668 PG 4180 PER OR 7906 PG 13 19 P
- Tax Annual Amount
- 5064
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1997
- Floors in Building
- 3
- Flooring type
- Vinyl
- Building materials
- Block, Concrete, Stucco
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 445-5595
Listed By:
Kristin Petersen · License #0583049
(386) 453-6930
Added: Apr 27
Changed: Jul 25
Last Checked: Jul 25 at 9:06PM
MLS# FC317981
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 remodeled three-story residential income property (2,150 square feet) features a rooftop deck and wet bar, plus updated interior finishes throughout. The 2020 kitchen includes sky blue marble countertops, a rustic copper farm sink, a matching copper hood, a dedicated pantry, and a breakfast bar. Bathrooms were updated in 2025 with custom trough sinks and ceramic tile, complementing LVP flooring that runs throughout the home. Large hurricane impact windows and doors help provide protection, and the property also includes a whole-house water filtration system, professional zero-scape landscaping, and a spacious 2-car garage.
Located in Ormond Beach, Florida, the home is described as an oceanfront retreat. It sits on a 0.1-acre lot and is listed under R-6 zoning.
Located in Ormond Beach, Florida, the home is described as an oceanfront retreat. It sits on a 0.1-acre lot and is listed under R-6 zoning.
Key Highlights
- Remodeled three‑story home built in 1997 with an open floorplan and living room/dining room combo
- Expansive rooftop deck with a private third‑story wet bar
- 2020 kitchen with sky blue marble countertops, copper farm sink, copper hood, dedicated pantry, and breakfast bar
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $13.92 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $26.9k | $12.53 |
| − OpEx | −$8.1k | −$3.76 |
| NOI | $18.9k | $8.77 |
2,150 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$234.0K
$204.8K – $273.1K
NOI $16,383 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$633.9K
$554.7K – $739.6K
NOI $44,376 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Remodeled three-story income property with hurricane impact openings, LVP flooring, and a private rooftop deck.
Where is this duplex located?
The property is located at 5 SUNNY BEACH Drive Ormond Beach, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Remodeled three‑story home built in 1997 with an open floorplan and living room/dining room combo; Expansive rooftop deck with a private third‑story wet bar; 2020 kitchen with sky blue marble countertops, copper farm sink, copper hood, dedicated pantry, and breakfast bar
