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$739,900

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! Or perhaps you're looking for a charming downtown residence with an income-producing cottage? Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value. Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand. The property features a charming two-story main residence with two separate apartments, plus a detached cottage: Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights, Three fully leased residential rental units, Multi-family zoning Located within the Historic and Arts Overlay District, Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old, Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this—fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach—rarely become available. Schedule your private showing today.

4 Beds ⋅ 3 Baths ⋅ Andrews SubDv. ⋅ 32168 Zip Code

407 Magnolia Street, New Smyrna Beach

$3,890,000

Set along an extraordinary 149 feet of water frontage, 102 E. Circle in New Smyrna Beach is a rare offering designed for serious boaters and refined coastal living. An 90-foot private dock capable of accommodating a yacht that places you just moments from the Intracoastal Waterway and direct passage to Ponce Inlet, with no bridges to slow your departure for an effortless gateway to the Atlantic. This is waterfront living at its most authentic, where sunrise reflections dance across the water and evenings are framed by quiet elegance and beautiful sunsets. Beyond the dock, you are anchored in one of Florida’s most celebrated coastal towns, internationally recognized for its surf culture, natural beauty, historic roots and a vibrant arts and culinary scene. Consistently ranked among Florida’s top beach communities and named by global travel publications as one of the world’s premier surf destinations, New Smyrna Beach offers a lifestyle defined by authenticity rather than flash… walkable neighborhoods, boutique galleries, acclaimed local dining, and miles of pristine shoreline. This property is more than a waterfront home; it is a front-row seat to a coastal legacy where boating, culture, and understated living converge.

3 Beds ⋅ 4 Baths ⋅ Venezia Unit 01 SubDv. ⋅ 32169 Zip Code

102 East Circle, New Smyrna Beach