NOT LISTED FOR SALE

Estimated Value: $1,460,970

3 Beds
5 Baths
3,300 Sq Ft
$443/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $1,515,000 $459 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,461/month

20 Days on Market

Highlights

  • Intracoastal View
  • Gunite Pool
  • Open Floorplan
  • Chisholm Elementary School Rated 9+
  • The property is located in a historic district
  • 2-minute walk to Christmas Park

About This Home

As of July 2024

One or more photo(s) has been virtually staged. MULTI ZONED COMMERCIAL/RESIDENTIAL - ENDLESS OPPORTUNITY WITH THIS DYNAMIC HOME
Who wouldn't want it all.. An Income producing commercial residential property, giving you all the best potential....Introducing this stunning multi-use residential/commercial listing in the highly sought after heart of the historic downtown, arts overlay New Smyrna Beach Florida. Just one block away from the picturesque intercoastal waterway and those stunning views from the rooftop. This rooftop delivers views of our skylines, the fireworks are dynamic, great for entertaining or some private time. Truly a must see!! Green space and beauty blend perfectly. This multi-use property presents a unique opportunity for those seeking an incredibly unique and versatile space with endless possibilities. Best of all it comes with two income producing properties that could pay your mortgage...all while you get to live right here on the same property. This home exudes two different commercial spaces for rent as well as a full residential. This 4 story home is made up of 4th floor rooftop, 3rd floor is primary bedroom and huge primary bathroom, oversized walk in closet and laundry room. The 2nd bedroom is also on the 3rd floor and a half bath. This space could be labeled as a flex space as it is open floor plan. This space could be a lounging area making the primary the entire 3rd floor, or an office or....endless opportunity so let your imagination run wild. The second floor has an open floor plan living room, dining room, kitchen, 3rd bedroom and anther full bath making this residential portion a 3 bedroom 2 1/2 bath. Commercial or residential could partake the first floor space. First floor is now set up as a studio apartment with rental income potential. This space has a full bathroom and kitchenette. Options are endless for this space as it can be used for many different things... mother-in-law suite, retail store, Pilates, studio, office space, beauty salon... endless opportunity. An additional space on first floor is currently a spa...again brining rental income...could be a space for private office, a beautician, massage therapist, etc. This area has a second laundry room and a half bath. You can enjoy the saltwater heated pool while laying on the deck enjoying a tranquil, peaceful, private space allowing serenity. Jump into the outdoor shower to get cleaned up and get to cooking something on the outdoor cooking area or warm up with the toasty fireplace, This space is truly one of a kind. The oversized garage fits up to three cars and a golf cart potentially.
A prime location, the property offers convenient access to the vibrant downtown scene of Canal Street, while also providing a waterfront ambience to the area of new Smyrna Beach. A short 1 mile walk to the beach, one block to the intercoastal waterway and walking distance to shopping, restaurants, all the events and so much more. Whether you envision a trendy boutique, a vibrant, art, gallery, or other spectacular businesses this property is a blank canvas ready to be transformed into your dream venture and cosy home with excess amenities.
Embrace and let your imagination run wild with the limitless potential this property holds. A true Gem, unique and one of a kind!! Incredibly well maintained.

Last Agent to Sell the Property

Rachail Garrett

EXIT REAL ESTATE PROPERTY SOL Brokerage Phone: 386-402-7909 License #3567713 Listed on: 05/14/2024

EXIT REAL ESTATE PROPERTY SOL

Last Buyer's Agent

Margie Lints

MAGNOLIA PROPERTIES License #334666

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,128

Year Built

  • Built in 2017

Lot Details

  • 2,950 Sq Ft Lot
  • West Facing Home
  • Landscaped
  • Private Lot
  • Garden
  • Property is zoned MIXED USE

HOA Fees

  • $66 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Intracoastal
  • City

Home Design

  • Slab Foundation
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 3,300 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • Dry Bar
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Awning
  • Window Treatments
  • French Doors
  • Family Room Off Kitchen
  • L-Shaped Dining Room

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Gunite Pool
  • Saltwater Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Tile
  • Pool Lighting

Outdoor Features

  • Balcony
  • Courtyard
  • Exterior Lighting
  • Outdoor Grill
  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Humidity Control
  • Thermostat
  • Natural Gas Connected
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • 850 SF Accessory Dwelling Unit
  • The property is located in a historic district

Community Details

  • Ken Willis Association, Phone Number (386) 212-6225
  • Tabby House Association
  • Tabby House Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,128

Year Built

Built in 2017

Lot Details

0

HOA Fees

$66 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Living Area: 3300
  • Lot Size Acres: 0.06
  • New Construction: No
  • Year Built: 2017
  • Building Area Total: 6062
  • Lot Size Sq Ft: 2950
  • Directions to Property: From I 95 head east on Highway 44. Turn left onto live oak. Turn right onto Canal Street and an immediate left onto Faulkner Street. The house is on the right 119. Street parking out front or all over the area. Right in the downtown historic new Smyrna Beach.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Escrow City: New Smyrna Beach
  • Escrow Postal Code: 32169
  • Escrow State: FL
  • Escrow Street Name: N. Causeway
  • Escrow Street Number: 304
  • List Office Head Office Key Nume: 1037564
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 459.09
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 1
  • MFR_InLawSuiteDescription: 1 Bathroom,Kitchenette,Private Entrance,Studio
  • MFR_InLawSuiteUnderAirSqFt: 850.00
  • Attribution Contact: 386-402-7909
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Concrete, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Dry Bar, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Stories: 4
  • Street Number Modifier: 119
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 306.58
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Pool Features: Gunite, Heated, Lighting, Outside Bath Access, Salt Water, Tile
  • Exterior Features: Awning(s), Balcony, Courtyard, French Doors, Garden, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk
  • Roof: Other
  • Home Warranty: No
  • Pool Private: Yes
  • View: City, Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Humidity Control, Mini-Split Unit(s)
  • Heating: Central, Electric
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 198
  • Association Fee Frequency: Quarterly
  • Association Name: Ken Willis
  • Phone: 3862126225
  • Association: Yes
  • Senior Community: No
  • Association: Tabby House
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Association Email: tabbyhousehoa@gmail.com
  • Development: Tabby House

Fee Information

  • Total Annual Fees: 792.00
  • Total Monthly Fees: 66.00
  • Monthly HOA Amount: 66.00

Lot Info

  • Zoning: MIXED USE
  • Parcel Number: 744149000150
  • Additional Parcels: No
  • Lot Features: Historic District, City Limits, Landscaped, Private
  • Flood Zone Code: x
  • Homestead YN: 1
  • Lot Size Square Meters: 274

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: None

Tax Info

  • Tax Annual Amount: 7128.06
  • Tax Block: 00/0150
  • Tax Book Number: 00
  • Tax Lot: 0150

Multi Family

  • Approval Process: Submit lease to HOA: tabbyhousehoa@gmail.com

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2024
Closed on
Jul 8, 2024
Sold by
Allen Rachail Renick
Bought by
Raine Michaux and Raine Stephanie Stavish
Seller's Agent
Rachail Garrett
EXIT REAL ESTATE PROPERTY SOL
Buyer's Agent
Margie Lints
MAGNOLIA PROPERTIES
List Price
$1,699,999
Sold Price
$1,515,000
Premium/Discount to List
-$184,999
-10.88%
Views
8
Current Estimated Value
$1,460,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,030
Avg. Annual Appreciation
-2.33%

Purchase Details

Listed on
Jul 5, 2016
Closed on
Jun 28, 2016
Sold by
Tabby House Llc
Bought by
Renick Allen Racheil
Buyer's Agent
Matthew Guarro
MG REAL ESTATE GROUP
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.01%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Raine Michaux $1,515,000 Fidelity National Title
Renick Allen Racheil $65,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2024 07/08/24 Sold $1,515,000 -10.9% $459 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $1,699,999 +2515.4% $515 / Sq Ft
07/05/2016 07/05/16 For Sale $65,000 0.0% --
06/28/2016 06/28/16 Sold $65,000 -- -- View Prior Sale
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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 $7,425 $977,583 -- --
2024 $7,425 $707,869 -- --
2023 $7,425 $651,142 $0 $0
2022 $6,946 $600,177 $0 $0
2021 $6,816 $541,384 $0 $0
2020 $6,632 $518,145 $0 $0
2019 $6,291 $442,210 $83,663 $358,547
2018 $6,433 $381,495 $0 $0
2017 $1,073 $55,056 $55,056 $0
2016 $364 $17,418 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: NS1081508

Stellar MLS

APN: 7441-49-00-0150