NOT LISTED FOR SALE

2120 Ocean Shore Blvd Ormond Beach, FL 32176

Estimated Value: $2,580,409

2.18 Acres
$1,183,674 Price per Acre
94,961 Sq Ft Lot

Last Sold March 12, 2024

Last sale price $2,850,000 $30 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $16,943/month

35 Days on Market

About This Lot

As of March 2024

Ready to build 18 unit oceanfront townhome condominium project. 331' of beautiful littoral ocean frontage in Ormond Beach and 2.89 acres overall. Development order has been received and the current owners approved development is an 18 unit modern urbanist community featuring 3 story units with elevators and rooftop terraces. Plans are complete for the 4 proposed unit floor plans. Extensive marketing and operational materials are available for the current proposed development including community virtual tour, website, along with all required condominium documents which have been submitted and approved by the Florida Division of Condominiums. Water and sewer are onsite. Flood Zone X !! Once in a lifetime development opportunity in Paradise.

Last Agent to Sell the Property

Mark Fuller

EXIT Beach Realty License #3248948 Listed on: 09/15/2023

Last Buyer's Agent

Scott Skare

Axiom Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,164

Lot Details

  • 2.18 Acre Lot
  • Lot Dimensions are 278x331
  • Ocean Front
  • Cleared Lot

Property Views

  • Ocean Views

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3227-00-02-0081

Property Details

Property Type

Land

Est. Annual Taxes

$22,164

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 2.18
  • Lot Size: 278x331
  • Road Surface Type: Asphalt
  • Subdivision Name: Not IN Subdivision
  • Directions: From I95 and Hwy 40 (Granada Blvd) East to Ocean Shore Blvd. Head North, property is 4 miles on the left.
  • Reso Property Type: Land
  • General Property Information Lot Size Acres: 2.18
  • General Property Information Lot Size Dimensions: 278x331
  • Location Tax and Legal:Parcel Number: 3227-00-02-0081
  • Location Tax and Legal:Tax Annual Amount: 22164.0
  • Location Tax and Legal:Tax Year: 2022
  • ViewOcean: Yes
  • Utilities:Water Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Pool Private YN2: No
  • Special Features: None

Exterior Features

  • Lot Features: Cleared, Other
  • View: Ocean
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Other18: Yes

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes

Lot Info

  • Current Use: Multi-Family, Unimproved
  • Lot Size Sq Ft: 94960.8
  • Parcel #: 3227-00-02-0081
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 22164.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Mar 8, 2024
Sold by
Coquina Dunes Llc
Bought by
Pacific Homes Llc
Seller's Agent
Mark Fuller
EXIT Beach Realty
Buyer's Agent
Scott Skare
Axiom Realty
List Price
$2,850,000
Sold Price
$2,850,000
Views
24
Current Estimated Value
$2,580,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$269,591
Avg. Annual Appreciation
-5.40%
Original Mortgage
$14,500
Interest Rate
1.2%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 13, 2020
Closed on
Aug 5, 2021
Sold by
Riking Enterprises Llc
Bought by
Coquina Dunes Llc
Seller's Agent
Carly Krajewski
Realty Pros Assured
Buyer's Agent
Mark Fuller
EXIT Beach Realty
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.00%
Original Mortgage
$975,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 5, 2011
Sold by
Nautica Llc
Bought by
Riking Enterprises Llc

Purchase Details

Closed on
Jun 28, 2004
Sold by
Ormond Beach Realty Partners Llc
Bought by
Nautica Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Lenart Lance T
Bought by
Ormond Beach Realty Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1999
Sold by
Delucia Muriel
Bought by
Lenart Lance T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1970
Bought by
Riking Enterprises Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pacific Homes Llc $2,850,000 None Listed On Document
Coquina Dunes Llc $1,500,000 Lawyers 1St Title
Riking Enterprises Llc $675,000 Attorney
Nautica Llc $1,750,000 --
Ormond Beach Realty Partners Llc $1,075,000 --
Lenart Lance T $150,000 --
Riking Enterprises Llc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pacific Homes Llc $14,500
Previous Owner Coquina Dunes Llc $975,000
Previous Owner Nautica Llc $1,890,000
Previous Owner Lenart Lance T $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2024 03/12/24 Sold $2,850,000 0.0% $30 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $2,850,000 +90.0% $30 / Sq Ft
08/06/2021 08/06/21 Sold $1,500,000 0.0% $16 / Sq Ft View Prior Sale
04/12/2021 04/12/21 Pending -- -- --
03/13/2020 03/13/20 For Sale $1,500,000 -- $16 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

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 $41,074 $2,374,271 $2,368,602 $5,669
2024 $21,701 $1,348,174 $1,341,211 $6,963
2023 $21,701 $1,215,054 $1,207,785 $7,269
2022 $22,164 $1,213,764 $1,207,785 $5,979
2021 $11,420 $585,141 $580,673 $4,468
2020 $11,437 $585,843 $580,673 $5,170
2019 $11,638 $586,218 $580,673 $5,545
2018 $11,838 $586,834 $580,673 $6,161
2017 $12,249 $587,280 $580,673 $6,607
2016 $12,686 $587,901 $0 $0
2015 $12,984 $580,673 $0 $0
2014 $12,839 $580,673 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1113913

Daytona Beach Area Association of REALTORS®

APN: 3227-00-02-0081