Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    324 Schooner Ave Edgewater, FL 32141

    Sponsored
    For Sale
    $135,000

    Riverfront lot, 55+ community, amazing amenities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional waterfront lot, spanning 7,788.53 square feet, is situated in the desirable Edgewater Landing community in Edgewater, Florida (32141). Boasting majestic Intracoastal Waterway views, this property offers a unique opportunity to build your dream home in a vibrant, active 55+ community. Enjoy breathtaking sunsets and observe yachts and dolphins from your future living room or deck. The community itself is a haven of amenities, including a clubhouse with a pool, spa, exercise gym (equipped with stationary bikes, treadmills, an elliptical trainer, free weights, and a universal gym), wood shop, shuffleboard, pickleball, tennis, and bocci ball courts. Active residents enjoy numerous clubs and activities. Edgewater Landing provides high-speed internet and platinum cable TV service as part of the HOA dues. Convenient access to the Intracoastal Waterway is provided by a boat ramp and fishing dock with an observation deck. RV or boat storage may be available in a designated lot. Importantly, this is a land-owned community with NO lot rent. The property's location at 324 Schooner Avenue presents a rare opportunity; these lots rarely become available. Don't miss this chance to own a piece of paradise.

    Property Features for 324 Schooner Ave

    General Information

    Property type
    Multifamily properties

    We can help!

    Listing Contact
    Darlene Beck Hinton
    Darlene Beck Hinton

    Learn more

    Property Insight Report

    HighLights

    • $135,000 asking price for a multifamily land parcel.
    • 7,788.53 sq ft lot size.
    • Located at 324 Schooner Avenue, Edgewater, FL 32141, offering Intracoastal Waterway views.
    • 55+ community, Edgewater Landing, with no lot rent; HOA includes high‑speed internet and cable.
    • Amenities include boat launch, clubhouse with pool, spa, exercise room, and various recreational facilities (shuffleboard, pickleball, tennis, bocci ball).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.8824405
    Latitude
    28.9548462

    Nearby Similar for Sale

    • New
      $575,000
      3,243 SF

      Edgewater Duplex with Garage

      Duplex featuring a garage, modern amenities, and low-maintenance design.
      2419 India Palm Dr, Edgewater, FL 32141
      View Details
    • New
      $369,990
      Pending

      Edgewater Triplex: Investment or Live-In

      Spacious triplex in Edgewater, perfect for investors or owner-occupants.
      3304 India Palm Dr, Edgewater, FL 32141
      View Details
    • $650,000
      Pending

      Edgewater Commercial Office Space For Sale

      Versatile commercial property on high-traffic US-1 in Edgewater, Florida.
      240 N Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $794,000
      0.23 Acres

      Turnkey Auto Repair Opportunity

      Established auto body business and real estate in Edgewater, Florida.
      2012 Guava Dr, Edgewater, FL 32141
      View Details
    • $449,000
      Pending

      New Warehouse in Thriving District

      New 2500 sqft warehouse in Edgewater, FL, ready March 2026.
      2421 Guava Dr, Edgewater, FL 32141
      View Details
    • $449,000
      Pending

      New Warehouse in Thriving District

      New 2600+ sqft warehouse in Edgewater, FL, ready March 2026.
      2421 Guava Dr Guava St, Edgewater, FL 32141
      View Details
    • $1,200,000
      7,800 SF

      Edgewater Office/Warehouse Investment Opportunity

      Office/warehouse space in Edgewater, suitable for investors or owner-users.
      328 North Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $4,026,893
      4,887 SF

      Retail Investment Property in Edgewater

      100% occupied retail property with long-term leases and rental increases.
      1308 S Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $749,000

      Versatile Commercial Building with New Roof

      4900 SF commercial building with flexible layout and easy access.
      2532 Hibiscus Dr, Edgewater, FL 32141
      View Details
    • $470,000

      Versatile Duplex in Prime Location

      Duplex with rental income potential, oversized lot, rear access.
      1802 N Fern Palm Dr, Edgewater, FL 32132
      View Details
    • $1,700,000

      New Industrial Building with Customization

      Pre-construction 14,080 sq ft industrial building with customization options.
      415 Timaquan Trl, Edgewater, FL 32132
      View Details
    • $79,900
      0.12 Acres

      Edgewater Land with Intracoastal Access

      Land with Intracoastal access, amenities, and space for new home.
      4339 Cedar Way, Edgewater, FL 32141
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Riverfront lot, 55+ community, amazing amenities.
    Where is this multifamily property located?
    The property is located at 324 Schooner Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: $135,000 asking price for a multifamily land parcel.; 7,788.53 sq ft lot size.; Located at 324 Schooner Avenue, Edgewater, FL 32141, offering Intracoastal Waterway views.
    Request Owner's contact information
    324 Schooner Ave Edgewater, FL 32141
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Schooner Ave
    Edgewater, FL 32141
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    324 Schooner Ave Edgewater, FL 32141
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Darlene Beck Hinton
    Darlene Beck Hinton
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.