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    223 N Peninsula Drive Daytona Beach, FL 32118

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    For Sale
    $894,000

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    3,207 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $278/SF
    Added:
    Feb 14, 2026
    Days on Market:
    82
    Last Refresh:
    May 7 at 11:06 am

    Property Features for 223 N Peninsula Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 3
    Parking features
    Garage, Open
    Exterior features
    Balcony
    Fencing
    Fenced
    Appliances
    Washer, Tankless Water Heater, Refrigerator, Microwave, Ice Maker, Freezer, ENERGY STAR Qualified Water Heater, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Freezer, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, Electric Range, Electric Oven, Electric Cooktop, Dryer, Disposal, Dishwasher
    Standard status
    Active
    APN
    5305-08-07-0040
    Size
    3,207 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    5-15-33 E 84 FT OF N 1/2 & E 87 FT OF S 1/2 OF LOT 4 BLK 7 MEMENTO MB 14 PG 97 PER OR 4517 PG 4284 PER OR 6815 PG 2349 PER OR 6863 PG 0453 PER OR 7448 PG 3576 PER OR 7541 PG 4594 PER OR 7576 PG 2675 PER OR 8146 PG 2231
    Tax Annual Amount
    11314

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Electric (Heating), Zoned, Central
    Cooling system
    Central Air, Electric, Separate Meters
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Tile
    Building materials
    Block, Concrete, Stucco

    We can help!

    Listing Contact
    Michael Giordano

    Listing agent Michael Giordano

    Listing office Coldwell Banker Realty 400 S Park Ave #210, Winter Park, FL

    Listing date Feb 14, 2026

    MLS# 1223109 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newer construction duplex built in 2023, fully furnished with income potential.
    • Ideally located near a well‑known coastal destination.
    • Three units: Two spacious ground‑level units and a finished second‑floor studio.
    • Each unit features a fully equipped kitchen with stainless steel appliances and quartz countertops.
    • Outdoor kitchen designed for modern entertaining and indoor wet bar in the garage.
    • Individual utility metering for each unit and tankless water heaters.

    Overview

    Furnished Duplex Near Coastal Destination

    This newer, fully furnished duplex presents an opportunity for flexibility and income. It is ideally located near a well-known coastal destination. The thoughtfully designed property features two spacious ground-level units and a beautifully finished studio on the second floor. Each unit includes a fully equipped kitchen with stainless steel appliances and quartz countertops. The second-story unit opens to a front balcony. The property showcases carefully constructed details throughout, including a custom granite-finished driveway that leads to a private courtyard entrance and a fenced backyard with gated access. Additional features include an indoor wet bar located in the garage and an outdoor kitchen designed for modern entertaining. Individual utility metering is available for each unit, and instant hot water systems serve all units. The property is located in Daytona Beach, Florida, in Volusia County. The lot size is 0.2 acres, and the property size is 3207 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.015016
    Latitude
    29.228757

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    FAQs

    What type of property is this?
    Duplex - Newer, fully furnished duplex with income potential near coastal destinations.
    Where is this duplex located?
    The property is located at 223 N Peninsula Drive Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $894,000.
    What are key features of this property?
    This property features: Newer construction duplex built in 2023, fully furnished with income potential.; Ideally located near a well‑known coastal destination.; Three units: Two spacious ground‑level units and a finished second‑floor studio.
    (321) 418-1225
    We can help!
    Listing Contact
    Michael Giordano
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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