Ormond Beach Condo with River
1 JOHN ANDERSON DRIVE 317 Ormond Beach, FL 32176
1 JOHN ANDERSON DRIVE 317, Ormond Beach, FL, 32176
$389,500
For Sale
$389,500
Luxurious 2-bedroom condo with Intracoastal views and community amenities.
Property Size1,745 SF
Lot Size6.00 Acres
Price / SF$223.21
Days on Market518
Property Features for 1 JOHN ANDERSON DRIVE 317
General Information
- Standard status
- Active
- Size
- 1,745 SF
- Lot size
- 6.00 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1996
Listing Agency
MARK SPAIN REAL ESTATE
(918) 327-2230
Listed by
Crystal Whitehead · License #3602034
(918) 327-2230
Source
Exitrealty
Added: Feb 14, 2025 Checked: Jul 17 at 4:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARK SPAIN REAL ESTATE
Investment Insights
Based on property information with market context.
Located on John Anderson Drive, the Ormond Heritage offers a 1,745 square foot condo with two bedrooms and two and a half bathrooms. The property features views of the Intracoastal Waterway. The condo has formal living and dining areas, along with a large eat-in kitchen that includes a breakfast bar and a custom pantry. The primary suite includes his and her walk-in closets with built-in organizers, a dressing area, a jetted tub, and a walk-in shower. The property also features a private en-suite guest quarters with a large walk-in closet. A large balcony provides outdoor views of the river and pool courtyard. The utility room offers custom shelving, a washer/dryer, and a utility sink. Community amenities include a heated pool, sauna, hot tub, ballroom, billiard room, library, and gym. Underground parking is available. The building is pet-friendly, allowing up to three pets with a 30 lbs max. The property is located across from Rockefeller Gardens & Riverfront Park and is adjacent to Publix and nearby Oceanside Country Club. It is a short distance from shopping, dining, and the Ormond Memorial Arts Museum.
Key Highlights
- $10,000 seller concession towards closing costs.
- Prime location on John Anderson Drive, steps from the river and blocks from the beach.
- Breathtaking Intracoastal Waterway views and stunning sunsets.
Local Financial Insights For Apartment 5plus
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 | $27.0k | $15.48 |
| − Vacancy | −$2.8k | −$1.63 |
| EGI | $24.2k | $13.85 |
| − OpEx | −$10.9k | −$6.23 |
| NOI | $13.3k | $7.62 |
1,745 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.0K
$166.2K – $221.6K
NOI $13,297 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.5K
$450.2K – $600.3K
NOI $36,017 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ormond Heritage Condominiums
Condominium Complex
Foreign Tax Return ...
Translation Service
Holder Management Services
Business Management Consultant
Dick Robinson & Associates ...
Distribution Center
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FAQs
What type of property is this?
Residential income property - Luxurious 2-bedroom condo with Intracoastal views and community amenities.
Where is this residential income property located?
The property is located at 1 JOHN ANDERSON DRIVE 317 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $389,500.
What are key features of this property?
This property features: $10,000 seller concession towards closing costs.; Prime location on John Anderson Drive, steps from the river and blocks from the beach.; Breathtaking Intracoastal Waterway views and stunning sunsets.
