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    5653 Ridgewood Ave Port Orange, FL 32127

    Sponsored
    For Sale
    $2,600,000

    4.74 Acres, 10 Homes + 16 Townhomes Planned

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.74-acre waterfront property in Port Orange, Florida, presents a unique development opportunity. Located at 5653 S Ridgewood Ave, in Volusia County, zip code 32127 (29.115174768699937, -80.97230364872044), this land offers breathtaking river views. The asking price is $2,600,000. Detailed architectural plans are included, providing for the construction of ten single-family riverfront homes and sixteen townhomes. Each residence is strategically designed to maximize the stunning river vistas, ensuring unparalleled waterfront living for future residents. This prime location in the desirable city of Port Orange provides easy access to local amenities and attractions. The property's substantial size and prime location make it an ideal investment for developers seeking to create a high-end residential community. The existing plans offer a solid foundation for a successful project, minimizing development hurdles and maximizing return on investment. Don't miss this rare chance to acquire this exceptional riverfront land and build your dream residential development. This is a truly remarkable opportunity to capitalize on the growing demand for luxury waterfront properties in a thriving Florida community.

    Property Features for 5653 Ridgewood Ave

    General Information

    Property type
    Land
    Lot Size
    206,474 SF

    HighLights

    • $2,600,000 asking price.
    • 4.74‑acre residential land parcel.
    • Located at 5653 S Ridgewood Ave, Port Orange, FL 32127.
    • Prime riverfront location in Port Orange, Florida.
    • Approved plans for ten single‑family homes and sixteen townhomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.97230364872
    Latitude
    29.1151747687

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    FAQs

    What type of property is this?
    Land - 4.74 Acres, 10 Homes + 16 Townhomes Planned
    Where is this land located?
    The property is located at 5653 Ridgewood Ave Port Orange, FL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price.; 4.74-acre residential land parcel.; Located at 5653 S Ridgewood Ave, Port Orange, FL 32127.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5653 Ridgewood Ave Port Orange, FL 32127
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