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Property profile

429 E 3Rd Ave New Smyrna Beach, FL 32169

FOR SALE
Waterfront Land
Property ID
US18-1684288
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

The property is a waterfront development site located just east of the New Smyrna Beach Intracoastal Waterway bridge on the south side of 3rd Avenue (A1A), with approximately 1,000 feet of waterfront. It is positioned to overlook Intracoastal Waterway access and the Indian River Lagoon estuary. The site includes parcels #741605240102, 741506240101, and 741600030010 and has existing entitlements for a Hyatt Place PUD site plan, with validity stated as through 5-27-27. The setting provides proximity to the Atlantic Ocean beaches and to the 3rd Avenue business district, with historic Canal St and Flagler Ave nearby.

Property profile

Verified
Property type Waterfront Land
UPID US18-1684288

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

429 E 3Rd Ave New Smyrna Beach, FL 32169
New Smyrna Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2018
3 recorded transactions
2018
$3.5M
2018
$300,000
2016
$6,800

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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