118 E Palm Way Edgewater, FL 32132
3
Beds
2
Baths
960
Sq Ft
0.29
Acres
About This Home
As of March 2025Welcome to 118 E Palm Way, a beautifully updated 3-bedroom, 2-bathroom home in the heart of Edgewater, FL. Located just minutes from the beaches and Mosquito Lagoon, this home offers the best of coastal living with easy access to boat ramps, fishing spots, and scenic Riverside Drive. Perfect for outdoor enthusiasts, you'll enjoy kayaking, boating, and birdwatching in one of Florida's most beautiful estuaries.
Step inside this move-in ready home, where modern upgrades blend seamlessly with timeless charm. Featuring new plumbing, new AC system, wind rated windows, new electrical, and a 2024 metal roof, this property is designed for comfort and durability. The brand-new flooring enhances the bright, open layout, and the gas stove in the kitchen is perfect for cooking even when the power is out!
The spacious two combined lots provide ample space for boat storage, a pool and pool house or outdoor entertaining, making this property ideal for creating your dream coastal retreat. Along with your detached garage or workshop, perfect for that side project you like to work on! Don't miss this opportunity to own a fully updated home in a prime location!
This home has never flooded and offers so much opportunity for AIRBNB, investment or lifestyle!
Schedule your showing today and start living the dream in Edgewater!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,356
Year Built
- Built in 1953
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 15x140
Interior Spaces
- 960 Sq Ft Home
- 2-Story Property
- Electric Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 7433-10-00-0780
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2025
Closed on
Mar 31, 2025
Sold by
Robert Simmons And Sons Renovotions Llc and Robert Simmons And Sons Renovations Llc
Bought by
Jimenez David
Seller's Agent
Jamie Porter
Local Living Realty Group
Buyer's Agent
Karen Nelson
Nonmember office
List Price
$479,900
Sold Price
$430,000
Premium/Discount to List
-$49,900
-10.4%
Total Days on Market
14
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$391,837
Outstanding Balance
$391,837
Interest Rate
6.85%
Mortgage Type
VA
Estimated Equity
$43,189
Purchase Details
Closed on
May 30, 2023
Sold by
Simmons John M
Bought by
Robert Simmons And Sons Renovations Llc
Purchase Details
Closed on
Jul 21, 2022
Sold by
Bennett Debra S
Bought by
Simmons John M
Purchase Details
Closed on
May 9, 2022
Sold by
Allan Valerie L
Bought by
Simmons John M
Purchase Details
Closed on
May 3, 1994
Sold by
Wager Sharon E
Bought by
Wager Leonard L
Purchase Details
Closed on
Feb 15, 1991
Bought by
Wager Leonard L
Purchase Details
Closed on
Dec 15, 1990
Bought by
Wager Leonard L
Map
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Similar Homes in Edgewater, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | Professional Title | |
| Warranty Deed | $430,000 | Professional Title | |
| Quit Claim Deed | $85,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Deed | $100 | -- | |
| Deed | $44,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $391,837 | VA | |
| Closed | $391,837 | VA | |
| Previous Owner | $75,000 | Unknown | |
| Previous Owner | $70,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $430,000 | -4.4% | $448 / Sq Ft |
| 02/28/2025 02/28/25 | Pending | -- | -- | -- |
| 02/20/2025 02/20/25 | Price Changed | $449,900 | -6.3% | $469 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $479,900 | -- | $500 / Sq Ft |
Source: Daytona Beach Area Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,375 | $184,567 | $75,504 | $109,063 |
| 2024 | $3,375 | $178,282 | $75,504 | $102,778 |
| 2023 | $3,375 | $176,376 | $69,498 | $106,878 |
| 2022 | $2,793 | $143,577 | $43,758 | $99,819 |
| 2021 | $545 | $55,327 | $0 | $0 |
| 2020 | $542 | $54,563 | $0 | $0 |
| 2019 | $552 | $53,336 | $0 | $0 |
| 2018 | $557 | $52,342 | $0 | $0 |
| 2017 | $570 | $51,265 | $0 | $0 |
| 2016 | $598 | $50,211 | $0 | $0 |
| 2015 | $608 | $49,862 | $0 | $0 |
| 2014 | $606 | $49,466 | $0 | $0 |
Source: Public Records
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1209454
APN: 7433-10-00-0780
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