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Ormond-by-the-sea, Florida

Featured Real Estate in Ormond-by-the-sea

$2,500,000 Land/Lot

$2,500,000 Land/Lot located in Ormond-by-the-sea, Volusia Subdivision: Not On The List Rare Oceanfront MF opportunity. Good upside potential for investors or builders. 1.39 acres of "no-drive" ocean frontage on the west of A1A (deeded oceanfront). R-8 Multi-family density zoning permits 20 units per acre. Preliminary engineering shows 12 large town homes are possible with excellent heights of 45 feet. 2.5m land cost + 5m build out, hard and soft costs yields 7.5m cost; sales price of 1.5m per town home (3 have sold in Ponce for $2m) yields gross of 18m. Net profit of $10.5 million. At 999k sales price yields net of $4.5 million for quick sale of all town homes. 197' of ocean frontage and 319' of depth provide an excellent pad. Underground parking would be even more desirable. Sewer can be provided by a Utility Corporation and Water, Electric and Phone are already on-site. County taxes, quiet area, drive-free and pet friendly beach with unobstructed panoramic views - 15 minutes from the heart of Daytona Beach events and activities - 25 mins to St. Augustine and 45 mins to Jacksonville. Bring your own team or use ours! Seller is licensed Realtor and can assist with all pre-sales necessary.

$455,000 Land/Lot

$455,000 Land/Lot located in Ormond-by-the-sea, Volusia Subdivision: Not In Subdivision INCREDIBLE MARKET PRICING ON THIS REMARKABLE OCEAN FRONT LOT IN PRESTIGIOUS ORMOND BY THE SEA! This lot is ready to accomodate your custom built home with beautiful unobstructed views of the Atlantic Ocean. The property is complete with easy ocean access and riparian rights on a no-drive section of the beach. Owner also has potential custom home plans available for this site. POSSIBLE OWNER FINANCING ALSO AVAILABLE TO QUALIFIED BUYERS! This is one of the lowest priced direct ocean front lots you will find in the area.