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Sold for $559,000
  • $559,000

    1814 Fern Palm Dr, Edgewater, FL 32132

    7beds
    5,100sqft
    MultiFamily
    Built in 1988
    -- sqft lot
    $588,000 Zestimate®
    $110/sqft
    $2,996 Estimated rent

    Home value

    $588,000

    $523,000 - $659,000

    $2,996/mo

    Zestimate® history
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    What's special

    Studio apartmentClose to all amenitiesWalk-in closet
    4-Unit Mixed-Use Complex (Residential Commercial) Location, Location, Location. Multi use, over 5000 sq ft property located in Edgewater FL. This is a Live, Work, Play building, perfect for any business owner or investor that would like to have office space and warehouse storage in addition to being able to live/ house an employee on site. Amazing opportunity that has been a successful income producing property. Essentially there are 4 units A, B, C and D. There are two warehouse spaces that have access from the front and the back of the property via payload bays with attached front office space/ reception area and bathrooms. There are two residential units and unfinished storage spaces upstairs. One is a 1 bedroom studio with a full bathroom and living room kitchen space area. The studio is accessible via a private exterior staircase. The other upstairs unit is two bedrooms, one full bathroom and kitchen living area which is accessible from downstairs. It also has a separate exterior staircase access. Each downstairs unit has office/ flex space (roughly 2440 sq ft) and they have access to the separate warehouses. There is a road behind the property providing access to the warehouses and covered parking pad. In front of the property there are ample parking spaces. Just down the road from the building is one of the city parks on the intercoastal waterway. Launch kayaks at your leisure! This is an incredible opportunity. Rent rolls to be provided upon request. Multi-Functional 4-plex a unique income producing - ½ Residential ½ Commercial property! 2-Apartments on 2nd floor; each Apartments has private entrance One efficiency apartment on south side and one room apartment on north side 2- Office/Warehouse on 1st floor; each with loading dock with alley access. Each side has large Office/Showroom with restrooms, breakroom, large warehouse/working area. These are perfect for retail/wholesale, light manufacturing, tech company etc. This building is immaculate, close to all amenities and located near the intersection of State Road 442 (Indian River Blvd) & US 1 in the City of Edgewater 5-minutes to I-95 & 10-minutes to the New Smyrna Beach

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 2
    • 1/2 bathrooms: 4
    Heating
    • Forced air
    Cooling
    • Other
    Appliances
    • Included: Dishwasher
    • Laundry: None
    Features
    • Flooring: Tile, Carpet, Concrete
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,100 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Cement / Concrete, Metal
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 10,000 Square Feet
    Details
    • Parcel number: 840201004430

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Roof: Metal
    Condition
    • Year built: 1988

    Community & HOA

    Location
    • Region: Edgewater

    Financial & listing details

    • Price per square foot: $110/sqft
    • Tax assessed value: $462,702
    • Annual tax amount: $5,442

    Price history

    DateEventPrice
    1/7/2025Sold$559,000+212.3%$110/sqft
    Source: Public Record Report a problem
    9/1/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/23/2022Listed for rent$850
    Source: Zillow Rental Manager Report a problem
    7/1/2016Sold$179,000-25.4%$35/sqft
    Source: Public Record Report a problem
    2/8/2016Listing removed$239,900$47/sqft
    Source: The Keyes Company, Realtors Report a problem
    1/29/2016Price change$239,900-4%$47/sqft
    Source: The Keyes Company, Realtors Report a problem
    1/1/2016Price change$249,900-3.8%$49/sqft
    Source: The Keyes Company, Realtors Report a problem
    12/4/2015Listed for sale$259,900+79.2%$51/sqft
    Source: The Keyes Company, Realtors Report a problem
    6/14/2011Sold$145,000-42%$28/sqft
    Source: Public Record Report a problem
    9/20/2005Sold$250,000$49/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,442 +36.7%$462,702 +120.9%
    2024$3,981 +8.1%$209,491 +10%
    2023$3,681 +9.4%$190,446 +10%
    2022$3,366 $173,133 +6.6%
    2021-- $162,472 -3.7%
    2020$3,472 $168,634 +8.7%
    2019$3,472 +5.2%$155,094 +0.2%
    2018$3,299 -1.8%$154,774 +8.6%
    2017$3,358 +4.8%$142,568 -17.3%
    2016$3,205 -22.1%$172,493 +3.1%
    2015$4,114 +13.7%$167,253 +9.1%
    2014$3,618 $153,296
    Find assessor info on the county website

    Neighborhood: 32132

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $588,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $588,000