$499,000

121 E Palm Way Edgewater, FL 32132

Estimated payment $3,348/month

Total Views 3,257
4 Beds
5 Baths
1,964 Sq Ft
$254 Price per Sq Ft

Highlights

  • Guest House
  • Open Floorplan
  • Main Floor Primary Bedroom
  • Garage Apartment
  • Deck
  • Private Yard

About This Home

Unique property offering flexibility for an extended family or a strong investment opportunity—located just a few homes from the Intracoastal Waterway.
The charming 1946 main house features 2 bedrooms and 2 bathrooms, highlighted by an inviting wood-burning fireplace. A separate, unattached 1-bedroom, 1-bath cottage with a kitchenette provides the perfect space for guests, in-laws, or rental income.
An oversized detached garage includes openers, a full bath, and an efficiency suite above—complete with its own kitchenette and full bath—adding even more income or living potential.
Imagine a property where everyone can enjoy their own private space, or where rental units help offset your living expenses. (Currently, the main house and cottage are tenant occupied.)
There’s plenty of room for all your toys, whether it’s boats, kayaks, or recreational vehicles. Start your mornings with coffee and a short walk to nearby parks to catch a beautiful sunrise or spend the day on the water with easy access to boat and kayak launches, abundant wildlife, and excellent fishing in the estuary, Intracoastal, or Atlantic Ocean.
Just minutes from the sandy shores of New Smyrna Beach, you’ll enjoy drive-on beach access, incredible bird and dolphin watching, and some of the best surfing on the East Coast.
The area offers endless activities, from festivals, art shows, and wine walks to parades and classic car shows—plus a wide variety of unique restaurants and shops.
Conveniently located with easy access to Interstate 95, you’re a short drive from Daytona Beach (racing, biking, off-road adventures), St. Augustine, Orlando attractions (about an hour+), and even rocket launches from Cape Canaveral.
Live the ultimate Florida lifestyle with both river and beach access, flexible living options, and excellent rental potential.
What’s not to love? Contact me today for more details or to schedule a showing.

Listing Agent

Patrick Reilly

WEICHERT, REALTORS HALLMARK PR Brokerage Phone: 407-841-8011 License #3040934 Listed on: 04/17/2026

WEICHERT, REALTORS HALLMARK PR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,209

Year Built

  • Built in 1946

Lot Details

  • 10,425 Sq Ft Lot
  • Lot Dimensions are 75x139
  • South Facing Home
  • Mature Landscaping
  • Private Yard
  • Property is zoned 07R2

Parking

  • 2 Car Garage
  • Garage Apartment
  • Garage Door Opener
  • Driveway

Home Design

  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,964 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Additional Homes

  • Guest House
  • 400 SF Accessory Dwelling Unit

Schools

  • Edgewater Public Elementary School
  • New Smyrna Beach Middl Middle School
  • New Smyrna Beach High School

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Fernald & Chadwick Hawks Park Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,209

Year Built

Built in 1946

Lot Details

10,425 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Construction Materials: Concrete, Frame
  • Fireplace: Yes
  • Living Area: 1964
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1946
  • Building Area Total: 2910
  • Lot Size Sq Ft: 10425
  • Status: Active
  • Street Direction: E
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 270.35
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 254.07
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 1
  • MFR_DockYN: 0
  • MFR_InLawSuiteDescription: 1 Bathroom,1 Bedroom,Detached (ADU),Kitchenette
  • MFR_InLawSuiteUnderAirSqFt: 400.00
  • Attribution Contact: 407-841-8011
  • Tax Year: 2025
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Full Bathrooms: 5
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Concrete Perimeter
  • Total Bedrooms: 4
  • Levels: One
  • Other Equipment: Private Yard
  • Window Features: Double Pane Windows
  • Additional Rooms: Garage Apartment,Storage Rooms
  • Living Area Meters: 182.46

Exterior Features

  • Direction Faces: South
  • Other Structures: Guest House, Storage
  • Exterior Features: Private Yard, Storage
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12127C0685J

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Development: Not in Development

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Edgewater Public School
  • High School: New Smyrna Beach High
  • Middle Or Junior School: New Smyrna Beach Middl

Lot Info

  • Zoning: 07R2
  • Parcel Number: 00-74-52-14-00-0550
  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Dimensions: 75x139
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Cats OK, Dogs OK
  • Lease Restrictions YN: 0
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 8209.3
  • Tax Block: 00
  • Tax Book Number: 4-192
  • Tax Lot: 55

Multi Family

  • Currency Monthly Rent Amt: 2400.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2026 $8,209 $575,934 $109,200 $466,734
2025 $8,209 $568,262 $109,200 $459,062
2024 $6,727 $558,829 $109,200 $449,629
2023 $6,727 $412,458 $63,180 $349,278
2022 $6,066 $348,729 $39,780 $308,949
2021 $5,491 $267,217 $20,280 $246,937
2020 $5,520 $268,114 $20,280 $247,834
2019 $5,603 $263,398 $20,280 $243,118
2018 $4,987 $271,591 $23,400 $248,191
2017 $4,763 $256,850 $23,408 $233,442
2016 $4,511 $222,013 $0 $0
2015 $4,227 $203,718 $0 $0
2014 $4,027 $203,366 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2026 04/17/26 For Sale $499,000 +117.0% $254 / Sq Ft
05/14/2018 05/14/18 Sold $230,000 -17.8% $114 / Sq Ft View Prior Sale
03/06/2018 03/06/18 Pending -- -- --
03/29/2017 03/29/17 For Sale $279,900 -- $139 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: NS1087973

Stellar MLS

APN: 7452-14-00-0550

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