2518 Fern Palm Drive, Edgewater, FL 32141
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
2518 Fern Palm Drive,Edgewater, FL 32141
$549,000
- 6 Beds
- 4 Baths
- 3,006 sq. ft.
- Multi-family
- Active
Listed by: mike bretzel
Office: keller williams realty florida partners
MLS#:1228946
Source:FL_DBAAR
Price summary
- Price:$549,000
- Price per sq. ft.:$140.77
About this home
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 ... 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 tenants paying all of their own utilities to help reduce owner expenses. The oversized lot provides additional green space that enhances the property's appeal for long term tenants. Situated on an oversized 120' x 100' lot, this property offers convenient access to shopping, dining, parks, the Indian River, public boat ramps, and the beaches of New Smyrna. Its central location also provides convenient access to Cape Canaveral, the Kennedy Space Center, Orlando, and Florida's renowned Space Coast. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss....
Contact an agent
Home facts
- Year built:2021
- Subdivision & Development:Florida Shores
- Listing ID #:1228946
- Added:57 day(s) ago
- Updated:September 19, 2026 at 03:07 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Tile
- Living area:3,006 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:3,006 sq. ft.
- Lot area:0.28 Acres
Finances and disclosures
- Price:$549,000
- Price per sq. ft.:$140.77
- Tax amount:$8,123 (2025)
Parking
- Parking description:Attached, Garage
- Garage:Yes
- Garage spaces:2
New listings near 2518 Fern Palm Drive
- Coming Soon
$315,000Coming Soon3 beds 2 baths1,390 sq. ft.2512 Pine Tree Drive, EDGEWATER, FL 32141
MLS# V4951272Listed by: LIVELY REAL ESTATE - New
$874,000Active3 beds 3 baths2,250 sq. ft.500 S Riverside Drive, Edgewater, FL 32132
MLS# 1230972Listed by: KELLER WILLIAMS REALTY FLORIDA PARTNERS - New
$799,000Active1.76 AcresMyrtle Street, EDGEWATER, FL 32141
MLS# O6442849Listed by: PREMIER SOTHEBYS INT'L REALTY - New
$1,299,000Active3.12 AcresMyrtle Street, EDGEWATER, FL 32141
MLS# O6442857Listed by: PREMIER SOTHEBYS INT'L REALTY - New
$270,000Active2 beds 2 baths1,201 sq. ft.416 Village Court, EDGEWATER, FL 32132
MLS# NS1089267Listed by: OCEAN PROPERTIES & MANAGEMENT - New
$359,000Active3 beds 2 baths1,680 sq. ft.3211 Travelers Palm Drive, EDGEWATER, FL 32141
MLS# O6443024Listed by: LPT REALTY LLC - New
$299,090Active4 beds 2 baths1,733 sq. ft.6115 Swamp Bay Drive, EDGEWATER, FL 32141
MLS# O6442858Listed by: LENNAR REALTY - New
$325,000Active3 beds 2 baths1,685 sq. ft.123 Old Mill Pond Road, EDGEWATER, FL 32141
MLS# V4951265Listed by: LPT REALTY LLC - New
$315,000Active3 beds 2 baths1,500 sq. ft.2003 Guava Drive #1, EDGEWATER, FL 32141
MLS# R4911994Listed by: COUNTRYWIDE REALTY PARTNERS, LLC - New
$315,000Active3 beds 2 baths1,500 sq. ft.2005 Guava Drive, EDGEWATER, FL 32141
MLS# R4911995Listed by: COUNTRYWIDE REALTY PARTNERS, LLC