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    422 Beresford Ave DeLand, FL 32724

    Sponsored
    For Sale
    $1,200,000

    5.97 Acres, 47 Townhome Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.97-acre residential development site in DeLand, Florida, presents a compelling investment opportunity. Zoned R-8, it allows for the construction of up to 47 townhomes, a highly desirable project given the area's strong demand for housing. The property, located at 422 E Beresford Ave, DeLand, FL 32724, is conveniently situated near major amenities including Walmart Neighborhood Market and West Volusia Regional Shopping Center, offering future residents easy access to shopping and services. Furthermore, Orlando Sanford International Airport and Daytona Beach are within convenient driving distance. Detailed plans are available, including site plans, surveys, civil and utility plans. City of DeLand Public Utilities provides water and sewer services. The proposed development envisions eight two-story buildings, each featuring three-bedroom, two-and-a-half-bathroom townhomes with single-car garages. This turnkey project is ideal for developers and investors seeking a high-return residential development in a thriving Florida market. The asking price is $1,200,000. The APN is 7021-02-00-0030. This is a rare opportunity to acquire a fully permitted and planned residential development site ready for immediate action.

    Property Features for 422 Beresford Ave

    General Information

    Property type
    Land
    Lot Size
    260,053 SF

    HighLights

    • 5.97‑acre residential development site in DeLand, FL, zoned R‑8, allowing for 47 townhomes.
    • $1,200,000 asking price.
    • Ready for immediate development; fully permitted and planned.
    • City of DeLand Public Utilities provides water and sewer.
    • Proposed development: eight 2‑story buildings with 47 three‑bedroom, two‑and‑a‑half‑bathroom townhomes, each with a single‑car garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.29642
    Latitude
    29.012849

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    FAQs

    What type of property is this?
    Land - 5.97 Acres, 47 Townhome Potential
    Where is this land located?
    The property is located at 422 Beresford Ave DeLand, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 5.97-acre residential development site in DeLand, FL, zoned R-8, allowing for 47 townhomes.; $1,200,000 asking price.; Ready for immediate development; fully permitted and planned.
    Request Owner's contact information
    422 Beresford Ave DeLand, FL 32724
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    DeLand, FL 32724
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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
    422 Beresford Ave DeLand, FL 32724
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