Pond-View Duplex with
44 FORE DRIVE New Smyrna Beach, FL 32168
New
44 FORE DRIVE, New Smyrna Beach, FL, 32168
$295,000
For Sale
$295,000
Duplex built in 1978 offers 2 bedrooms, 2 baths, and a back patio overlooking open water.
Property Size2,214 SF
Price / SF$133.24
Days on Market4
Property Features for 44 FORE DRIVE
General Information
- Standard status
- Active
- Size
- 2,214 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1978
Listing agency
WHITE WHALE REAL ESTATE
(386) 689-5171
Listed by
Christopher Schwarz · License #3216401
(386) 689-5171
Source
Bonjorn
Added: Jul 19 Updated: Jul 21 at 2:52AM Checked: Jul 22 at 6:28AM
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 WHITE WHALE REAL ESTATE
Investment Insights
Based on property information with market context.
This pond-view duplex was built in 1978 and features 2 bedrooms and 2 bathrooms. The layout includes heated and air living space along with a back patio that looks out over open water. Total size is reported at 2,214 sq ft, with 1,242 sq ft of heated/air living space.
Located on a quiet street at 44 Fore Drive in New Smyrna Beach, the property is described as approximately 10 minutes from the beach. The remarks also note nearby golf courses, along with Hidden Lakes and NSB Municipal and Turnbull Bay courses being close by.
For sale as a duplex, the offering centers on a low-maintenance configuration with water views from the patio rather than a neighboring yard.
Located on a quiet street at 44 Fore Drive in New Smyrna Beach, the property is described as approximately 10 minutes from the beach. The remarks also note nearby golf courses, along with Hidden Lakes and NSB Municipal and Turnbull Bay courses being close by.
For sale as a duplex, the offering centers on a low-maintenance configuration with water views from the patio rather than a neighboring yard.
Key Highlights
- Duplex built in 1978 with 2 bedrooms and 2 bathrooms
- 1,242 sq ft heated/air living space (2,214 sq ft total)
- Back patio overlooks open water
Local 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 | $30.8k | $13.92 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $27.7k | $12.53 |
| − OpEx | −$8.3k | −$3.76 |
| NOI | $19.4k | $8.77 |
2,214 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.5K
$242.8K – $323.7K
NOI $19,422 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$241.0K
$210.9K – $281.2K
NOI $16,871 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,697 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex built in 1978 offers 2 bedrooms, 2 baths, and a back patio overlooking open water.
Where is this duplex located?
The property is located at 44 FORE DRIVE New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Duplex built in 1978 with 2 bedrooms and 2 bathrooms; 1,242 sq ft heated/air living space (2,214 sq ft total); Back patio overlooks open water
