Listing Details for MLS #NS1087930
712-714 Oakwood Avenue, New Smyrna Beach, Fl

Residential Property - Single Family Residence in New Smyrna Beach

Listing Price: $965,000 (Mortgage Calculator →)Days on Market: 28

Description of Property

Just steps to the beach, this ideally situated New Smyrna Beach duplex sits only six houses from the ocean, with a public beach walkway located directly at the end of Oakwood. The property has never experienced flooding and is located outside the zone requiring flood insurance, creating rare peace of mind for both owners and investors. This is the true heart of Central Beach, where you can walk or take your golf cart to Flagler Avenue’s restaurants, boutique shopping, nightlife, ice cream shops, convenience retail, Publix, Starbucks, the river, local parks, and every lifestyle amenity that makes this area one of the most desirable coastal destinations in Florida. Both units offer two bedrooms, one bathroom, a comfortable living area, full kitchen, and a dedicated laundry room located outside, just off the rear of each unit. Each side also has its own private outdoor space. This setup is ideal for short-term monthly rentals, seasonal visitors, long-term tenants, or a live-in one side and rent the other configuration. With projected rental income between $45,000 and $65,000 annually, this duplex provides excellent cash flow and consistent demand throughout the year from snowbirds, traveling professionals, and extended-stay guests seeking beach proximity and walkability. Positioned on a larger-than-average 0.23-acre lot, the property is directly adjacent to Detwiler Park, offering tennis courts, a playground, open green space, and shaded areas that create a welcoming community feel. The concrete block construction, metal roof, and coastal-friendly design contribute to durability and low maintenance requirements. The spacious lot size also offers flexibility for enhancements. In addition to its strong income performance, the property holds significant redevelopment potential. The neighboring parcel to the west was transformed from an identical duplex into a luxurious beachside estate, demonstrating what is possible on this block. With proper planning, this property could be elevated in the same fashion to create a premier Central Beach residence while still offering substantial rental capability or multigenerational living options. Very few beachside lots this close to the ocean offer both income stability and long-term estate potential. This location embodies the best of the New Smyrna Beach lifestyle. Enjoy morning walks on the sand, afternoon golf cart trips to local shops, or evenings on Flagler Avenue. Whether you are searching for a high-performing investment property, a versatile beach home, or a redevelopment opportunity in one of NSB’s most coveted coastal neighborhoods, this property offers exceptional value and potential. Properties of this size and location, combined with flood-free history and strong income projections, are increasingly rare.The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $1,282,000. This single family residence is listed at about 75% of the average asking price. This is the only 4 bedroom/2 bath single family residence between $800,000 and $1,200,000 currently listed for sale in this Zip code.