USAFLEdgewaterFlorida Shores2518 Fern Palm Drive

New

$559,000

For Sale

5 days ago

2518 Fern Palm Drive, Edgewater, FL

Name: 2518 Fern Palm Drive, For Sale in Edgewater - eXp Realty
Brand: Keller Williams Realty Florida Partners
SKU: 1228946
Price: 559000 USD

House

MLS® 1228946

6 Bed

4 Bath

3006 sqft

2 Parking

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 3006 sqft

Garage Yes

Taxes $8,124

Days Active 3

Lot Size 0.275 Acres

Approx. Age 2021

Avg. Price Per Sqft $185

MLS® Number 1228946

Property Address: 2518 Fern Palm Drive, Edgewater, FL, 32141

Average square foot calculated using Size range provided by listing agent.

Description

Built in 2021, this fully occupied duplex presents an outstanding turnkey investment opportunity in the growing Edgewater market just minutes from New Smyrna Beach. Investors can enjoy the benefits of one of Central Florida's most desirable coastal markets while often acquiring property at a more attractive price point than comparable opportunities nearby. Cash flow starts on day one with this property generating $3, 850 per month in gross rental income. This investment offers modern construction with thoughtfully designed floor plans that maximize both space and functionality. The property is occupied by two outstanding long term tenants who take pride in their homes and have expressed interest in extending their leases, creating an ideal turnkey investment opportunity. Each unit features 3 bedrooms, 2 bathrooms, an oversized one car garage, soaring vaulted ceilings, luxury vinyl plank flooring throughout the main living areas, granite countertops, white shaker cabinetry, .. CON'T ... stainless steel appliances, spacious kitchen islands, interior laundry rooms, generous primary suites with dual vanities and walk in showers, covered rear lanais, central air conditioning systems, and private backyards overlooking a wooded setting. Designed with investors in mind, each unit is separately metered for electric and water, with tenants paying all of their own utilities to help reduce owner expenses. The oversized lot provides additional green space that enhances the property's appeal for long term tenants. Situated on an oversized 120' x 100' lot, this property offers convenient access to shopping, dining, parks, the Indian River, public boat ramps, and the beaches of New Smyrna. Its central location also provides convenient access to Cape Canaveral, the Kennedy Space Center, Orlando, and Florida's renowned Space Coast. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss.

MLS® Number1228946

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age2021

Basement

DrivewayAttached, Garage, RV Access/Parking

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 22, 2026List Date

$559,000List Price

Commute

Commute

Starting Address

Destination Address

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