Residential Income Villa with Pond
44 FORE Drive New Smyrna Beach, FL 32168
For Sale
$295,000
MULTI_FAMILY - NEW SMYRNA BEACH, FL
Property Size1,242 SF
Lot Size0.11 Acres
Price / SF$237.52
Days on Market391
Property Features for 44 FORE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
10PUD
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Pets allowed
Dogs OK, Cats OK
Exterior features
Courtyard
Appliances
Range, Refrigerator
Standard status
Active
APN
7312-04-00-2070
Size
1,242 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 207 FAIRGREEN UNIT III MB 34 PG 158 PER OR 3859 PG 4719 PER OR 6155 PG 4453 PER OR 6921 PG 3916 PER OR 8426 PG 3797 PER OR 8481 PG 0998 PER OR 8587 PG 3399
Tax Annual Amount
4018
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Flooring type
Vinyl, Tile, Laminate
Building materials
Frame
Roof type
Shingle
Listing Agency:
WHITE WHALE REAL ESTATE
(388) 689-5171
Listed By:
Chris Schwarz
(386) 689-5171
Added: Jul 3, 2025
Changed: Jul 27
Last Checked: Jul 28 at 1:06AM
MLS# NS1085383
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income villa is located within the Hidden Lakes Golf Community and features pond views, a 2-car garage, and easy access to the community pool. The home is set on a 0.11-acre lot and has a total size of 1,242 square feet.
The property is identified with zoning code 10PUD. It’s offered at 44 FORE Drive in New Smyrna Beach, Florida (32168), in Volusia County.
The property is identified with zoning code 10PUD. It’s offered at 44 FORE Drive in New Smyrna Beach, Florida (32168), in Volusia County.
Key Highlights
- Single‑family villa built in 1978 with frame construction
- Central air and electric heating
- Courtyard exterior feature
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 | $17.3k | $13.92 |
| − Vacancy | −$1.7k | −$1.39 |
| EGI | $15.6k | $12.53 |
| − OpEx | −$4.7k | −$3.76 |
| NOI | $10.9k | $8.77 |
1,242 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$155.6K
$136.2K – $181.6K
NOI $10,895 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$135.2K
$118.3K – $157.7K
NOI $9,464 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$366.2K
$320.4K – $427.3K
NOI $25,635 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Villa in a golf community with pond views, a 2-car garage, and access to the community pool.
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: Single‑family villa built in 1978 with frame construction; Central air and electric heating; Courtyard exterior feature
