1600 Big Tree Road, Daytona Beach, FL 32119
$1,600,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
8
Square Footage:
630
Lot Size (sq. ft.):
479,160
Status:
Closed
Current Price:
$1,600,000
List Date:
11/21/2025
Last Modified:
12/29/2025
Description
Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity
Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community.
This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition.
Supplements: Georgetown Lake offers residents a full amenity package, including a community pool, tennis court, fitness center, clubhouse, landscaped grounds, and on-site management. Each unit has one assigned parking space plus access to guest parking. The community's one-year minimum lease requirement supports a stable, long-term resident base and reduces turnover compared to short-term or transient rentals. Located just minutes from I-95 and I-4, Daytona International Speedway, Daytona State College, Bethune-Cookman University, major employers, retail corridors, and a short drive to the beach, Georgetown Lake consistently attracts strong demand from students, young professionals, workforce tenants, and retirees seeking affordable, amenity-rich housing. This offering gives investors: A 25-unit, all 1BR/1BA portfolio in a 167-unit garden-style condo community 24/25 units occupied with leases largely in place through next year Long-term professional management with complete documentation for underwriting Desirable community amenities and on-site management that support occupancy and retention Operational efficiency and scalability from owning multiple units in a single location Upside potential through rent optimization and strategic interior upgrades over time This is an opportunity to acquire a turnkey, stabilized, and easily managed condo portfolio in a high-demand submarket of Daytona/South Daytona with strong fundamentals and clear upside.
More Information MLS# 1220246
Location, Tax, and Legal
Country: US
Parcel Number: 5331-16-00-00F3
Tax Annual Amount: 569.82
Tax Year: 2025
Tax Legal Description: UNIT F3 THE CONDOS AT GEORGETOWN LAKE PER OR 5850 PG 1792 PER OR 6331 PG 4199 PER OR 6356 PG 3929 PER OR 6562 PG 1156 PER OR 6691 PG 3696 PER OR 6691 PG 3699 PER OR 6691 PG 3702 PER OR 6691 PG 3705 PER OR 6900 PG 2213 PER OR 6919 PG 2001
Currently Not Used
Bedrooms Total: 8
Bathrooms Full: 8
Bathrooms Half: 0
Bathrooms Total: 8
Living Area Source: Appraiser
Year Built: 1986
New Construction YN: No
Garage YN: No
Carport YN: No
General Property Information
Lot Size Acres: 11
Living Area: 630
Number Of Units Total: 25
CDD Fee YN: No
Association YN: Yes
Association Fee: 384
Association Fee Frequency: Monthly
Directions: South on Clyde Morris from Beville Road; Right on Big Tree; Turn Right into Georgetown Lakes.
Public Remarks: Georgetown Lake 25-Unit 1BR Condo Portfolio | Stabilized Investment Opportunity
Offered for sale is a rare, concentrated portfolio of 25 stabilized 1-bedroom, 1-bathroom condominium units within Georgetown Lake (Georgetowne Lake Condominiums) at 1600 Big Tree Rd, Daytona Beach/South Daytona, FL. All units are approximately 630 SF and located in a well-amenitized, professionally managed, 167-unit community.
This portfolio is currently 23/25 occupied, with most leases running through next year, providing immediate in-place cash flow and minimal lease-up risk. The units have been under the same third-party property management company for years, with full historical records available, including rent rolls, lease documents, maintenance logs, financials, and upgrade history. This long management history allows a buyer to step into a clean, well-documented operation with a smooth transition.
List Price/SqFt: 2857.14
Sold Price/SqFt: 2539.68
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Year Built: 1986
Status Change Information
Contingent Date: 2025-12-29
Major Change Timestamp: 2025-12-29T22:23:43Z
Major Change Type: Status Change
Purchase Contract Date: 2025-12-05
Close Date: 2025-12-29
Close Price: 1600000
Lock Box Type
Call Listing Office: 1
Appliances
Electric Range: 1
Refrigerator: 1
Association Amenities
Clubhouse: 1
Fitness Center: 1
Pool: 1
Tennis Court(s): 1
Association Fee Includes
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Sewer: 1
Trash: 1
Water: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Single Family: 1
Financial Data Source
Property Manager: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Wood: 1
Heating
Central: 1
Income and Expenses
Gross Income: 303000
Net Operating Income: 1311000
Laundry Features
In Unit: 1
Listing Terms
Cash: 1
Other: 1
Lot Features
Other: 1
Other Structures
Tennis Court(s): 1
Owner Pays
Association Fees: 1
Management: 1
Repairs: 1
Taxes: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Telephone: 1
Unit 1 Details
Unit ID: C4
Actual Rent: 1025
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 2 Details
Unit ID: C5
Actual Rent: 975
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 3 Details
Unit ID: C8
Actual Rent: 975
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 4 Details
Unit ID: F3
Actual Rent: 1075
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 5 Details
Unit ID: F8
Actual Rent: 1065
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 6 Details
Unit ID: J3
Actual Rent: 1020
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 7 Details
Unit ID: M1
Actual Rent: 1175
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Unit 8 Details
Unit ID: N1
Actual Rent: 1015
Unit SqFt: 630
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: More information contact listing agent
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Contingency Reason
Inspection: 1
Contract Information
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
Listing Contract Date: 2025-11-21
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1600
Street Name: Big Tree
Street Suffix: Road
County: Volusia
State: FL
Postal Code: 32119
Subdivision Name: Condo At Georgetown Lake, A Condo
MLS Area Major: 31 - Daytona S of Beville, W of Nova
Property Features
Appliances: Electric Range; Refrigerator
Association Amenities: Clubhouse; Fitness Center; Pool; Tennis Court(s)
Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure; Trash; Water
Cooling: Central Air
Current Use: Residential; Single Family
Financial Data Source: Property Manager
Flooring: Carpet; Tile; Vinyl; Wood
Heating: Central
Laundry Features: In Unit
Listing Terms: Cash; Other
Lock Box Type: Call Listing Office
Lot Features: Other
Other Structures: Tennis Court(s)
Owner Pays: Association Fees; Management; Repairs; Taxes
Parking Features: Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Tenant Pays: Electricity; Telephone
Utilities: Electricity Connected; Sewer Connected; Water Connected
Contingency Reason: Inspection
Listing Office:
Oceans Luxury Realty Full Service LLC
Last Updated: December - 29 - 2025
Information deemed reliable but not guaranteed.