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611 S ATLANTIC AVENUE, #4212, New Smyrna Beach, FL, 32169 | $490,000
Looking for a strong investment opportunity with immediate income potential, or the perfect beachfront getaway? This fully furnished, 2nd floor, direct oceanfront condo at Coconut Palms Beach Resort II in New Smyrna Beach offers the best of both worlds. Featuring breathtaking ocean views and a balcony that stretches across the entire unit—with impact sliding doors into both the Master Bedroom and Living Room—this 1-bedroom, 1-bath condo is ready for you and your guests to enjoy. Ideally located less than a mile from vibrant Flagler Avenue, you’ll have easy access to fantastic shops, restaurants, and nightlife, making this an ideal spot for both personal vacations and lucrative rental income. Completely renovated with new appliances, TVs, furniture, patio chairs, refreshed kitchen and bathroom, the condo is truly turnkey. A new hot water system was recently installed throughout the building, and the HOA fee covers all utilities, including electricity, water, cable, internet, and phone, minimizing owner expenses. Short-term rentals are permitted on all major platforms like Airbnb, VRBO, and Homeaway, giving you the flexibility to rent nightly, weekly, or monthly and generate outstanding returns when you’re not personally enjoying the unit yourself. Guests and owners alike will appreciate the resort-style amenities, including two swimming pools (one heated), a sun deck, BBQ grills, picnic tables, swings, cabanas, outside showers, a fitness center, and an activities room. With direct beach access right outside your door, days can be spent lounging in the sun or taking in the ocean breeze from the private balcony. The building is currently undergoing renovations that will further enhance the value of the property. Centrally located in the heart of New Smyrna Beach, just steps to Flagler Avenue and 3rd Avenue’s popular restaurants and shops, this condo offers an incredible opportunity to own a piece of paradise—whether you're looking to enjoy it yourself, rent it out, or both.
Features
- Elevator: Y
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 6
- Amenities: Elevator(s), Fitness Center, Laundry, Pool
- Rooms: 5
- Bedrooms: 1
- Baths: 1 full
- Laundry: Common Area
- Complex: COCONUT PALMS BEACH RESORT 02 CONDO PH 0
- Year Built: 1999
- Approx Sq. Feet: 472
- Est. Taxes: $5,818
- Condo Fee: $962 Monthly
- Lot Desc: City Lot
- View: Water
- Elem. School: Coronado Beach Elem
- Middle School: New Smyrna Beach Middl
- High School: New Smyrna Beach High
- Pet Policy: No
- Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
- MLS#: O6304018
- Days on Market: 3 days
- Website: https://www.raveis.com
/prop/O6304018/611satlanticavenue_newsmyrnabeach_fl?source=qrflyer
Listing courtesy of UPWELL REALTY LLC Phone: 407-926-9960
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
611 S ATLANTIC AVENUE, #4212, New Smyrna Beach, FL, 32169
$490,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $392,000 | $392,000 | $392,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
| Monthly Tax Payment | $485 | $485 | $485 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,446 | $2,575 | $3,282 |
| Total Monthly Payment | $3,006 | $3,135 | $3,842 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388