New-Construction Half
2003 GUAVA DRIVE #1, Edgewater, FL 32141
For Sale
$300,000
Three-bedroom residence with contemporary finishes, outdoor space, driveway, and garage functionality.
Property Size1,500 SF
Price / SF$200
Days on Market55
Property Features for 2003 GUAVA DRIVE #1
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
granite countertops
stainless steel appliances
backyard
garage
Building Details
Year Built
Listing Agency:
COUNTRYWIDE REALTY PARTNERS, LLC
Listed By:
Robert Vazquez · License #3299231
(407) 401-3739
Source:
Dennisrealty
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 6:35AM
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 COUNTRYWIDE REALTY PARTNERS, LLC
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Investment Insights
Based on property information with market context.
This 1,500-square-foot half duplex was built in 2024 and offers a three-bedroom, two-bathroom layout. The interior combines an open living arrangement with a contemporary kitchen featuring granite countertops and stainless steel appliances. Natural light extends through the living areas, while the backyard provides additional outdoor space. A driveway and garage add practical parking and storage utility.
Located at 2003 Guava Drive in Edgewater, the property is near New Smyrna Beach, local shops, restaurants, and the beach. Its residential income property classification and duplex configuration support use as a rental property or personal retreat.
Located at 2003 Guava Drive in Edgewater, the property is near New Smyrna Beach, local shops, restaurants, and the beach. Its residential income property classification and duplex configuration support use as a rental property or personal retreat.
Key Highlights
- 1,500‑square‑foot half duplex built in 2024
- Three bedrooms and two bathrooms
- Open‑concept interior with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,430
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,600
$228.6K
Cap Rate 7%
$163,286
$163.3K
Cap Rate 9%
$127,000
$127.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.2K $15.48/SF
− Vacancy
−$2.4K −$1.63/SF
EGI
$20.8K $13.85/SF
− OpEx
−$9.4K −$6.23/SF
NOI
$11.4K $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 Rate 5%
$228,600
Cap Rate 7%
$163,286
Cap Rate 9%
$127,000
Alternative Uses
Best Use
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,430 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
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Business Placement
Demographics for 32141, FL
17,955
Population
9,400
Households
1.9
Avg Household Size
54
Median Age
23%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
761
Density / Sq Mi
$61,110
Median Household Income
$37,874
Median Earnings
$1,481
Median Rent
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Edgewater, FL
Properties on Market for Residential income properties in Edgewater
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with contemporary finishes, outdoor space, driveway, and garage functionality.
Where is this residential income property located?
The property is located at 2003 GUAVA DRIVE #1 Edgewater, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,500‑square‑foot half duplex built in 2024; Three bedrooms and two bathrooms; Open‑concept interior with granite countertops and stainless steel appliances
