2518 Fern Palm Drive, Edgewater, FL 32141 (MLS# 1228946)

2518 Fern Palm Drive, Edgewater, FL 32141

New Listing

$559,000

Property Type: Residential Income Bedrooms: 6 Baths: 4 Square Footage: 3,900 Lot Size (sq. ft.): 11,979 Status: Active

Current Price: $559,000 List Date: 7/23/2026 Last Modified: 7/23/2026

Overview

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 . ... (Read more)

Supplements: 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 tenant ... (Read more)

Listing Details MLS# 1228946

General Property Information

Number Of Units Total: 2
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3006
Year Built: 2021
Lot Size Acres: 0.275
Lot Size Dimensions: 120' x 100'
CDD Fee YN: No
Directions: From I-95 take Exit 244 and Go East on on FL-442 E/Indian River Blvd.; Turn Right onto Guava Dr.; Turn Left onto 22nd St.; Turn right onto Fern Palm Dr.
Public Remarks: 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 ...
List Price/SqFt: 185.96

Property Features

Appliances: Dishwasher; Electric Range; Refrigerator Construction Materials: Block; Concrete Cooling: Central Air Current Use: Multi-Family; Residential; Single Family Exterior Features: Impact Windows Financial Data Source: Property Manager Flooring: Carpet; Tile Heating: Central Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan Lock Box Type: See Remarks Lot Features: Cleared Parking Features: Attached; Garage; RV Access/Parking Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer Tenant Pays: Electricity; Water Utilities: Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2026-07-22
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 2518
Street Name: Fern Palm
Street Suffix: Drive
County: Volusia
State: FL
Postal Code: 32141
Subdivision Name: Florida Shores
MLS Area Major: 80 - Edgewater

Status Change Information

Major Change Timestamp: 2026-07-23T21:19:18Z
Major Change Type: New Listing

Unit 1 Details

Unit ID: #1
Actual Rent: 1900
Unit SqFt: 1503
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: tenant occupied

More Information

Unit 2 Details

Unit ID: #2
Actual Rent: 1950
Unit SqFt: 1503
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: tenant occupied

Location, Tax, and Legal

Country: US
Parcel Number: 840201065680
Tax Annual Amount: 8123.63
Tax Year: 2025

Currently Not Used

Bedrooms Total: 6
Bathrooms Full: 4
Bathrooms Half: 0
Bathrooms Total: 4
Living Area Source: Public Records
Building Area Total: 3900
Year Built: 2021
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No

Lock Box Type

See Remarks: Yes

Appliances

Dishwasher: Yes
Electric Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes

Current Use

Multi-Family: Yes
Residential: Yes
Single Family: Yes

Exterior Features

Impact Windows: Yes

Financial Data Source

Property Manager: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
USDA Loan: Yes
VA Loan: Yes

Lot Features

Cleared: Yes

Parking Features

Attached: Yes
Garage: Yes
RV Access/Parking: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Tenant Pays

Electricity: Yes
Water: Yes

Utilities

Electricity Connected: Yes
Separate Electric Meters: Yes
Separate Water Meters: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Listing Office: Keller Williams Realty Florida Partners

Last Updated: July - 23 - 2026

Information deemed reliable but not guaranteed.

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