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401 Driftwood Avenue

Daytona Beach, FL 32118

$299,000 $1,260/Mo

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Overview

Bed

Bath

2,355

Sqft

0.27

Acre(Lot)

Description

PRICE REDUCED TO $299,000! Investor alert! This is a rare beachside value-add opportunity at 401 Driftwood Avenue, situated on a generous 0.27-acre corner lot with approximately 2,355 square feet, 3 bedrooms, 2 baths, a 2-car garage and ocean views from the primary bedroom. Located in an established beachside neighborhood just minutes from the Atlantic Ocean, this property offers tremendous potential for an investor, renovator or buyer looking to create a customized coastal residence. No HOA, city water and sewer. The existing home offers a spacious layout, original hardwood floors, abundant natural light, mature landscaping, a large upper-level walkout deck, and a unique spiral concrete staircase providing access between levels and the garage. Concrete block construction beneath the wood siding adds appeal for a renovation project. Existing improvements include a roof replaced approximately 2018/2019, two A/C systems installed approximately 2018 and 2021, a downstairs water heater approximately 6-7 years old, partial plumbing updates completed in 2022, well irrigation, multiple updated windows and solar panels. A significant additional benefit is the existing VA assumable first mortgage. The approximate current mortgage balance is $257,000 with an exceptionally attractive 2.25 percent interest rate, a principal and interest payment of approximately $1,197.97 per month, and a maturity date of May 2051. The VA mortgage is assumable by a qualified buyer, subject to approval and qualification with the existing lender and all applicable VA and lender requirements. Cash purchase is also welcomed. The existing solar financing also carries an exceptionally low 1.49 percent interest rate. The solar loan balance as of 8/17/2026 is approximately $49,165, with a monthly payment of $314.45 and a final scheduled payment date of 3/27/2041. The solar loan must be assumed by the buyer or paid in full by the buyer at closing, subject to applicable lender/provider requirements. This property is being offered strictly AS-IS and presents an excellent opportunity to renovate and create value in a desirable beachside location. Whether you are an investor searching for your next renovation project, a cash buyer looking for a beachside opportunity, or a qualified buyer interested in the existing 2.25 percent interest rate. VA assumable mortgage, 401 Driftwood Avenue deserves a closer look. All property, mortgage, solar financing, payment, balance, interest rate, maturity date, property condition, dimensions, improvements and other information provided herein is believed to be accurate but is not guaranteed. Buyer and buyer's agent are responsible for conducting their own independent due diligence and verifying all information deemed important to the buyer, including but not limited to property condition, measurements, zoning, permitting, renovation potential, financing terms, loan assumption requirements, lender approval, VA eligibility and requirements, solar loan terms, utility costs, taxes, insurance and intended use. Buyer should independently confirm all financing information with the appropriate lender/provider. VA mortgage assumption is subject to buyer qualification and approval by the existing lender and all applicable requirements. Property is being sold AS-IS.

Property Details

Property Type : Residential

Price : $299,000

AD Id : 77756998

MLS Id : 1225694

Beds : 3

Lot Size : 0.27 Acre

Living Area Size : 2,355 Sq. Ft

Tax Amount : $1,952.83

Year Built : 1952

County : Volusia

Subdivision: Whanorsham

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 3

Bathroom Information

Total Baths: 2 Full Baths: 2

Water/Sewer

Sewer: Public Sewer

Room Information

Other Rooms: 8
Flooring Information

Wood
Roofing Information

Membrane, Other
Interior Features

Pantry Roof: Membrane, Other Appliances: Washer, Refrigerator, Electric Range, Dryer
Heating & Cooling

Heating: Central, Electric Cooling: Central Air WaterSource: Public

Building Information

Year Built: 1952 Construction Materials: Block, Wood Siding Roof: Membrane, Other Foundation Details: Block
Exterior Features

Balcony, Impact Windows

Foundation Details: Block

Porch: Deck, Front Porch
Road Types

Asphalt

City Street
Fencing

Wrought Iron
Patio And Porch

Deck, Front Porch

Fencing

Wrought Iron

Lot Information

Lot Dimensions: 95.0 ft x 125.0 ft Lot Description: Corner Lot, Sprinklers In Front Lot Size Area: 0.27 Acres Lot Square Feet: 11,761 Stories: 2 Main Square Feet: 2355

Property Information

Property Type: Residential Sub Type: Single Family Residence Style: Mid-Century Modern SQ ft (Living Area): 2,355 Subdivision: Whanorsham MLS Area Minor: 15 - Daytona Peninsula N of Seabreeze Source Neighborhood: Whanorsham Construction Materials: Block, Wood Siding Property Age: 74

Listing Price Information

Listing Id: 1225694 ist Price: $299,000 List Price Tot SqFt: $127 Listing Terms Cash
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 4236-06-03-0100 Annual Tax: $1,953 Tax Year: 2025 Taxes: LOT 10 BLK 3 SEC A WHANORSHAM UNIT 1 MB 11 PG 253 PER OR 5183 PG 0203 PER OR 6458 PGS 2135-2136 PER OR 6590 PG 3928

Parking Information

# of Garage Spaces: 2 Has Garage: Yes Garage

School Information

Senior High School: Seabreeze
Utility Information

Electricity Connected, Sewer Connected, Water Connected
Location Information

Direction: From Seabreeze Ave and A1A: Head North on A1A and go just past Peggy Schnebly Recreation Center- turn Left onto Driftwood Ave. House on right side corner of Driftwood and Flagstone Dr.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
301 N Hollywood Ave, Daytona Beach, FL, 32118	$333,000	2	1	792	--
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3828 S Atlantic Avenue, Daytona Beach Shores, FL, 32118	$890,000	5	3	3,325	0.17 Acre
3721 S Atlantic Avenue .., Daytona Beach, FL, 32118	$599,000	3	2	1,380	--
3501 S Atlantic Avenue .., Daytona Beach, FL, 32118	$119,000	1	1	354	1.28 Acres
3501 S Atlantic Avenue .., Daytona Beach, FL, 32118	$156,000	1	1	354	1.28 Acres
3216 S Peninsula Drive, Daytona Beach, FL, 32118	$2,500,000	4	3	3,398	0.63 Acre
115 Gay Gayle Terrace, Daytona Beach, FL, 32118	$539,000	4	2	2,341	0.20 Acre
2908 S Peninsula Drive, Daytona Beach, FL, 32118	$385,000	2	2	1,120	0.17 Acre
2908 S Peninsula Drive, Daytona Beach, FL, 32118	$385,000	2	2	1,120	0.17 Acre

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