Riverfront Condominium with European
534 MARINA POINT DRIVE 5340 Daytona Beach, FL 32114
For Sale
$550,000
Spacious 3-bedroom condo with river views and upscale amenities.
Property Size2,196 SF
Lot Size0.48 Acres
Price / SF$250.46
Days on Market739
Property Features for 534 MARINA POINT DRIVE 5340
General Information
- Standard status
- Active
- Size
- 2,196 SF
- Lot size
- 0.48 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1993
Listing Agency:
REALTY PROS ASSURED
(386) 547-1156
Listed By:
Sandy Cook · License #3015982
(386) 547-1156
Source:
Exitrealty
Added: Jul 16, 2024
Changed: Jul 6
Last Checked: Jul 23 at 8:32AM
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 REALTY PROS ASSURED
Investment Insights
Based on property information with market context.
This condominium estate, situated in a gated riverfront community, offers views of the Halifax River and marina. The 3-bedroom, 2.5-bath residence features over 2100 sq. ft. of living space. Designed to maximize natural light and showcase expansive views, the property is suited for both entertaining and year-round indoor/outdoor living. Polished travertine flooring is featured upon entry. The gourmet kitchen includes granite countertops, professional-grade appliances, a breakfast nook, and cabinetry. The primary suite includes a spa-style bath and walk-in closet. The Chart House restaurant, farmer's market, downtown esplanade, and Jackie Robinson baseball field are within walking distance. Mediterranean architecture complements the waterfront setting. Unique features include an oversized garage space, guest parking, and boat slip availability. Square footage was received from tax rolls.
Key Highlights
- Gated riverfront community with spectacular views of the Halifax River and marina.
- Spacious 3‑bedroom, 2.5‑bath condominium with over 2100 sq. ft. of living space.
- Gourmet kitchen with granite countertops and professional‑grade appliances.
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 | $34.0k | $15.48 |
| − Vacancy | −$3.6k | −$1.63 |
| EGI | $30.4k | $13.85 |
| − OpEx | −$13.7k | −$6.23 |
| NOI | $16.7k | $7.62 |
2,196 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,734 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gibson Marine
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Residential income property - Spacious 3-bedroom condo with river views and upscale amenities.
Where is this residential income property located?
The property is located at 534 MARINA POINT DRIVE 5340 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Gated riverfront community with spectacular views of the Halifax River and marina.; Spacious 3‑bedroom, 2.5‑bath condominium with over 2100 sq. ft. of living space.; Gourmet kitchen with granite countertops and professional‑grade appliances.
