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Under contract-accepting backup offers. Prime Development Opportunity in New Smyrna Beach – Spanning nearly 3 acres across three parcels (2910 Hardy Ave MLS#V4940855, 2918 Hardy Ave, and Bayview Ave MLS#V4940973), this exceptional property offers a rare and valuable opportunity for builders and developers in one of New Smyrna Beach's most desirable areas. Located just a block away from upscale intercoastal homes with stunning water views, this property is surrounded by high-value comps, making it a perfect site for residential development. Zoned Single Family Residence 10R2, this property is APPROVED FOR 10 HOME SITES AND IS 20 LOTS IN TOTAL—an ideal investment in a rapidly growing and highly sought-after location. One of the most valuable features of this property is that the front 10 lots are already stubbed out for water and public sewer, significantly streamlining the development process for any future homes. Additionally, impact fees for the two existing homes (2910 and 2918 Hardy Ave) have already been paid, providing a cost-saving advantage to developers. The property includes two existing homes, each offering great potential for rental income or use during the development process.
2910 Hardy Ave is a 2-bedroom, 2-bath, 2-car garage concrete block residence with 1, 555 sq ft and recently remodeled living space. Sitting on a 26, 000 sq ft lot and featuring modern updates such as new hurricane-rated windows, a gourmet kitchen with Bosch appliances, exotic hardwood floors, and vaulted ceilings, this home serves as an excellent model home or office during development, while also generating rental income. Keep 1? Keep both? Clear them all . . . completely your decision as the next owner!?
In addition, Bayview Dr located directly behind 2910 Hardy Ave - is an additional 26, 000 sq ft vacant residential lot ready for whatever you have drawn out! 131 x 192 . . . so imagine what you could build here. Especially with the additional 2 parcels and total acreage!
Lastly, 2918 Hardy Ave is a 3-bedroom, 2-bath wood-frame residence, offering 1, 992 sq ft on 1. 79 acres of prime land. With vaulted ceilings, exposed beams, a commercial-grade gas stove, ample covered parking, and additional storage and structures, this home is perfect for temporary housing during construction or could be renovated for additional rental income. This vast lot offers plenty of space for expansion or further development.
Located just minutes from key amenities such as the Turnbull Bay boat launch, Flagler Avenue, Canal Street, New Smyrna Sports Complex/ Airport, and Atlantic Center for the Arts, this property is ideally positioned for residential development. The surrounding area, with its proximity to the intercoastal waterway, offers strong demand for waterfront properties, making this an excellent opportunity to create a vibrant, upscale community. Whether you're looking to expand an existing development project or create something entirely new, this property provides the space, zoning, and infrastructure to turn your vision into reality. Don't wait. Act fast as our out of state developers and expanding builders will be acting fast upon such an opportunity here in NSB. Seller Motivated. Let's make a deal!
All information deemed reliable but not guaranteed
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,020 | $8,452 | $11,408 |
Total Monthly Payment | $8,567 | $8,999 | $11,955 |
* 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.