Current Use by Public Records
- Land
Property Details for 0 Golf Lake Dr
- Lot size
- 41.20 lot acres
- Property type
- Land
Description
This exceptional 41.2-acre shovel-ready residential development presents a unique investment opportunity in the thriving New Smyrna Beach, Florida market. Located in Volusia County, on S Golf Lake Dr, zip code 32168, this Planned Unit Development (PUD) is zoned for 132 units, offering a mix of golf villas and duplexes. The property boasts a prime location adjacent to the prestigious Hidden Lakes Golf Club and minutes from the beach and other local attractions. The site's strategic positioning across from the New Smyrna Beach Sports Complex and within three miles of major hospitals and medical centers makes it ideal for active adult living. Indeed, the seller has secured an optional 55+ age restriction, catering to the growing demand in this sector. With over 22,000 multifamily and senior housing units currently under development in the surrounding area, this project capitalizes on a rapidly expanding market. The asking price is $4,250,000, translating to $76,456 per acre. This represents a compelling investment in a high-growth area, particularly given the current market trends favoring build-to-rent (BTR) opportunities. The property's master-planned community design incorporates planned amenities to enhance resident lifestyles. This is a truly exceptional opportunity to acquire a fully approved and ready-to-develop residential community in a desirable coastal location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -80.9494
- Latitude
- 29.0428
