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Two Homes on One Lot – Perfect for Multi-Generational Living or Rental Income!
A rare opportunity in highly desirable Port Orange, just four miles from the beach and minutes from the Halifax River. This unique property offers two separate residences on one lot—an ideal setup for multi-generational living, homeowners looking for built-in rental income, or investors seeking a low-maintenance rental property. Currently operating as a successful Airbnb, this home is completely turnkey and ready to generate income immediately. With no HOA or rental restrictions, owners have the flexibility to use the property as they choose.
The main house is a bright and inviting three-bedroom, one-bath bungalow featuring an open-concept living and dining area. The modern kitchen boasts quartz countertops, stainless steel appliances, and ample cabinet space. Spacious bedrooms include a primary suite with a walk-in closet. The updated bathroom features a sleek vanity, subway tile, and a modern tub. Stylish laminate flooring, updated lighting, and fresh coastal finishes throughout give this home a contemporary feel. Fully renovated in 2022, this home is move-in ready.
The detached guest cottage is a private studio with a full bath and kitchenette. With its own entrance and fenced yard, this versatile space is perfect for guests, extended family, a home office, or rental income.
Recent upgrades include a brand-new roof on the main house (2024), a new AC unit in the guesthouse (2024), and major updates throughout, including new plumbing, a new water heater, a rewired main house and cottage with a new electric sub-panel (2021), and all-new stainless steel appliances (2022). The guest cottage roof was replaced in 2019.
Located in a quiet residential area, this home is close to shopping, dining, and top schools. It is just a short drive to Daytona Beach and New Smyrna Beach with easy access to I-95, I-4, and A1A. The property is near medical centers, local universities, and major employers while also offering access to outdoor recreation, boating, and nature trails. It is also just minutes from the world-famous Daytona International Speedway, home to the Daytona 500 and year-round events.
Whether you're looking for a primary residence with extra space, a private guest house for family, or a turnkey investment property with a proven Airbnb track record, this home offers unmatched flexibility, income potential, and charm. No HOA, no rental restrictions, and endless possibilities! Schedule your showing today!
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $278,400 | $278,400 | $278,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $297 | $297 | $297 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,760 | $1,829 | $2,331 |
Total Monthly Payment | $2,132 | $2,201 | $2,703 |
* 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.