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$ 299,000

Est. payment | -/mo

3 Beds

2 Baths

3,620 SqFt

Save

$ 299,000

Est. payment | -/mo

Save

3 Beds

2 Baths

3,620 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,620 sqft

Price per Sqft $82

MLS Listing ID 1225694

Style Mid-Century Modern

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1952

Annual Tax Amount $1,952

Acres 0.27

Lot Dimensions 95.0 ft x 125.0 ft

Property Sub-Type Single Family Residence

Source Daytona Beach Area Association of REALTORS®

Property Description

PRICE REDUCED TO $299,000! Investor alert! This is a rare beachside value-add opportunity at 401 Driftwood Avenue, situated on a generous 0.27-acre corner lot with approximately 2,355 square feet, 3 bedrooms, 2 baths, a 2-car garage and ocean views from the primary bedroom. Located in an established beachside neighborhood just minutes from the Atlantic Ocean, this property offers tremendous potential for an investor, renovator or buyer looking to create a customized coastal residence. No HOA, city water and sewer. The existing home offers a spacious layout, original hardwood floors, abundant natural light, mature landscaping, a large upper-level walkout deck, and a unique spiral concrete staircase providing access between levels and the garage. Concrete block construction beneath the wood siding adds appeal for a renovation project. Existing improvements include a roof replaced approximately 2018/2019, two A/C systems installed approximately 2018 and 2021, a downstairs water heater approximately 6-7 years old, partial plumbing updates completed in 2022, well irrigation, multiple updated windows and solar panels. A significant additional benefit is the existing VA assumable first mortgage. The approximate current mortgage balance is $257,000 with an exceptionally attractive 2.25 percent interest rate, a principal and interest payment of approximately $1,197.97 per month, and a maturity date of May 2051. The VA mortgage is assumable by a qualified buyer, subject to approval and qualification with the existing lender and all applicable VA and lender requirements. Cash purchase is also welcomed. The existing solar financing also carries an exceptionally low 1.49 percent interest rate. The solar loan balance as of 8/17/2026 is approximately $49,165, with a monthly payment of $314.45 and a final scheduled payment date of 3/27/2041. The solar loan must be assumed by the buyer or paid in full by the buyer at closing, subject to applicable lender/provider requirements. This property is being offered strictly AS-IS and presents an excellent opportunity to renovate and create value in a desirable beachside location. Whether you are an investor searching for your next renovation project, a cash buyer looking for a beachside opportunity, or a qualified buyer interested in the existing 2.25 percent interest rate. VA assumable mortgage, 401 Driftwood Avenue deserves a closer look. All property, mortgage, solar financing, payment, balance, interest rate, maturity date, property condition, dimensions, improvements and other information provided herein is believed to be accurate but is not guaranteed. Buyer and buyer's agent are responsible for conducting their own independent due diligence and verifying all information deemed important to the buyer, including but not limited to property condition, measurements, zoning, permitting, renovation potential, financing terms, loan assumption requirements, lender approval, VA eligibility and requirements, solar loan terms, utility costs, taxes, insurance and intended use. Buyer should independently confirm all financing information with the appropriate lender/provider. VA mortgage assumption is subject to buyer qualification and approval by the existing lender and all applicable requirements. Property is being sold AS-IS.

Location

State FL

County Volusia

Area 15 - Daytona Peninsula N Of Seabreeze

Direction From Seabreeze Ave and A1A: Head North on A1A and go just past Peggy Schnebly Recreation Center- turn Left onto Driftwood Ave. House on right side corner of Driftwood and Flagstone Dr.

Region Daytona Beach

City Region Daytona Beach

Rooms

Primary Bedroom Level Two

Dining Room true

Interior

Interior Features Pantry

Heating Central, Electric

Cooling Central Air

Flooring Wood

Appliance Washer, Refrigerator, Electric Range, Dryer

Heat Source Central, Electric

Exterior

Exterior Feature Balcony, Impact Windows

Parking Features Garage

Garage Spaces 2.0

Fence Wrought Iron

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Ocean, Trees/Woods

Roof Type Membrane,Other

Porch Deck, Front Porch

Road Frontage City Street

Total Parking Spaces 2

Garage Yes

Building

Lot Description Corner Lot, Sprinklers In Front

Faces South

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Structure Type Block,Wood Siding

New Construction No

Schools

High Schools Seabreeze

Others

Tax ID 4236-06-03-0100

Ownership Deborah S Pruett

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Jennifer Matacale • Premier Sotheby's International Realty

NEARBY SCHOOLS & PROPERTIES

“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(954) 695-9371

karla.fonseca@lptrealty.com

401 Driftwood AVE Daytona Beach, FL 32118

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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401 Driftwood AVE