Beachside Condo with
60 N HALIFAX DRIVE 1050 Ormond Beach, FL 32176
60 N HALIFAX DRIVE 1050, Ormond Beach, FL, 32176
$329,900
Pending
For Sale
$329,900
Pending
Spacious two-story condo near beach, parks, shopping, and dining.
Property Size1,775 SF
Lot Size0.03 Acres
Days on Market491
Property Features for 60 N HALIFAX DRIVE 1050
General Information
- Standard status
- Pending
- Size
- 1,775 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1984
Listing Agency
RE/MAX SIGNATURE
(386) 299-1826
Listed by
Jackie Balaban · License #576684
(386) 299-1826
Source
Exitrealty
Added: Mar 14, 2025 Checked: Jul 17 at 4:20 am
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 RE/MAX SIGNATURE
Investment Insights
Based on property information with market context.
This spacious two-story condo offers a blend of charm and convenience. It features a fireplace and ample storage. The property includes two-car parking. Located within walking distance to the beach, parks, The Casements, local museums, shopping, restaurants, and the post office. It is situated in a small, boutique-style community that offers privacy and personality. The maintenance covers pest control, grounds care, and exterior maintenance, including new roofs planned for 2024-2025, and management. The property size is 1775 square feet.
Key Highlights
- Short walk to the beach, parks, The Casements, local museums, shopping, restaurants, and the post office.
- Spacious two‑story condo with room to customize.
- Located in a small, boutique‑style community offering privacy.
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 | $27.5k | $15.48 |
| − Vacancy | −$2.9k | −$1.63 |
| EGI | $24.6k | $13.85 |
| − OpEx | −$11.1k | −$6.23 |
| NOI | $13.5k | $7.62 |
1,775 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$193.2K
$169.1K – $225.4K
NOI $13,526 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.4K
$458.0K – $610.6K
NOI $36,636 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Spacious two-story condo near beach, parks, shopping, and dining.
Where is this residential income property located?
The property is located at 60 N HALIFAX DRIVE 1050 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Short walk to the beach, parks, The Casements, local museums, shopping, restaurants, and the post office.; Spacious two‑story condo with room to customize.; Located in a small, boutique‑style community offering privacy.
