Furnished Penthouse Condo with Waterfront
5300 S ATLANTIC AVENUE 11-604 New Smyrna Beach, FL 32169
5300 S ATLANTIC AVENUE 11-604, New Smyrna Beach, FL, 32169
$530,000
For Sale
$530,000
Move-in-ready penthouse condo with resort-style amenities and short-term rental potential.
Property Size2,020 SF
Lot Size0.55 Acres
Price / SF$262.38
Days on Market679
Property Features for 5300 S ATLANTIC AVENUE 11-604
General Information
- Standard status
- Active
- Size
- 2,020 SF
- Lot size
- 0.55 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2006
Listing Agency
COLLADO REAL ESTATE
(386) 427-0002
Listed by
Pat Collado · License #636547
(386) 427-0002
Source
Exitrealty
Added: Sep 9, 2024 Checked: Apr 5 at 11:48 pm
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 COLLADO REAL ESTATE
Investment Insights
Based on property information with market context.
This fully furnished penthouse condo is located in the Ocean Walk community. The residence features 3 bedrooms and 3 bathrooms, offering waterfront views. The open floor plan includes a living area with sliding doors that open to a private balcony. The kitchen is equipped with stainless steel appliances, solid surface countertops, ample storage, and a breakfast bar. The dining area is suitable for entertaining. The primary bedroom includes balcony access, a walk-in closet, and an ensuite bathroom with dual vanities, solid surface countertops, a separate shower, and a tub. Two additional bedrooms and bathrooms provide space for family and guests. A full-size washer and dryer are located in the laundry room. Ocean Walk provides amenities such as two pools and spas, two fitness centers, tennis courts, and walking trails. The property is suitable for rentals and includes garage parking, a gated entrance, private beach access, and short-term rental opportunities. The property size is 2020 square feet.
Key Highlights
- Move‑in‑ready, fully furnished penthouse condo with waterfront views.
- Resort‑style amenities: 2 pools/spas, 2 fitness centers, tennis courts, walking trails.
- Private beach access and secure gated entrance.
Local 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 | $31.3k | $15.48 |
| − Vacancy | −$3.3k | −$1.63 |
| EGI | $28.0k | $13.85 |
| − OpEx | −$12.6k | −$6.23 |
| NOI | $15.4k | $7.62 |
2,020 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$219.9K
$192.4K – $256.5K
NOI $15,392 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,693 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Move-in-ready penthouse condo with resort-style amenities and short-term rental potential.
Where is this short term rental property located?
The property is located at 5300 S ATLANTIC AVENUE 11-604 New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Move‑in‑ready, fully furnished penthouse condo with waterfront views.; Resort‑style amenities: **2 pools/spas, 2 fitness centers, tennis courts, walking trails.**; **Private beach access** and secure gated entrance.
