Beautifully restored historic two-story property located in the heart of highly sought after downtown New Smyrna Beach, Florida. This home is currently operating as a high income producing short-term rental with 5 years of proven reliable rental history and potential to easily increase earnings. This exceptional multi-use property features several layouts controlled by lockouts within the main home, offering endless flexibility for investors, business owners, or residential living. This home is a Multi Use Zoning!! Step outside into your own private tropical oasis featuring a luxurious pool and relaxation area designed for entertaining and resort style enjoyment. The detached oversize garage includes an additional upstairs apartment that can function as a spacious two bedroom, two bath residence for additional income potential. In addition, the garage is already equipped with rough-in plumbing so it can be converted to additional living space but is currently being used as an oversized two car garage. Electric is also upgraded and ready for an EV charging station if desired. The entire property has been thoughtfully renovated, blending historic charm with modern upgrades and exceptional attention to detail throughout. Whether you are looking for a primary residence, an income producing property, multi-generational living, mixed use opportunity, or a combination of all 4, this rare downtown gem offers unlimited possibilities. Located in the heart of historic downtown just steps away from restaurants, shopping, entertainment, the intercoastal waterway, and under 2 miles to the beach; this spectacular property is truly one of a kind. You do not want to miss the opportunity to own this beautiful masterpiece in one of the most desired areas of New Smyrna Beach!! No stone was left unturned in this Beauty!!
For sale
$1,599,000
204 PALMETTO STREET, NEW SMYRNA BEACH, FL 32168
6beds
3,080sqft
Single Family Residence
Built in 1916
7,966 Square Feet Lot
$1,424,800 Zestimate®
$519/sqft
$-- HOA
What's special
Detached oversize garagePrivate tropical oasis
- 88 days
- 275
- 8
Zillow last checked:
Listing updated:
Listed by:
Rachail Renick 352-266-8297,
EXIT REAL ESTATE PROPERTY SOL 386-763-3008
Source: Stellar MLS,MLS#: NS1088315
Originating MLS: New Smyrna Beach Board of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Rooms
- Room types: Attic, Garage Apartment
Primary bedroom
- Features: Walk-In Closet(s)
- Level: Second
- Area: 190.66 Square Feet
- Dimensions: 14.51x13.14
Bedroom 2
- Features: Built-in Closet
- Level: Second
- Area: 185.41 Square Feet
- Dimensions: 14.11x13.14
Bedroom 3
- Features: Built-in Closet
- Level: First
- Area: 112.1 Square Feet
- Dimensions: 11.21x10
Bedroom 4
- Features: Built-in Closet
- Level: First
- Area: 187.53 Square Feet
- Dimensions: 13.3x14.1
Dining room
- Level: First
- Area: 194.27 Square Feet
- Dimensions: 14.53x13.37
Other
- Features: Walk-In Closet(s)
- Level: Second
- Area: 686.52 Square Feet
- Dimensions: 30.58x22.45
Kitchen
- Level: First
- Area: 196.5 Square Feet
- Dimensions: 13.34x14.73
Laundry
- Features: Built-in Closet
- Level: First
- Area: 110.7 Square Feet
- Dimensions: 16.4x6.75
Living room
- Features: No Closet
- Level: First
- Area: 195.75 Square Feet
- Dimensions: 14.5x13.5
Heating
- Central, Other
Cooling
- Central Air, Ductless
Appliances
- Included: Dishwasher, Dryer, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Laundry: Electric Dryer Hookup, Laundry Room
Features
- Ceiling Fan(s), High Ceilings, PrimaryBedroom Upstairs, Solid Surface Counters, Stone Counters, Thermostat, Walk-In Closet(s)
- Flooring: Concrete, Luxury Vinyl, Porcelain Tile
- Doors: Sliding Doors
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,080 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Porch
- Exterior features: Balcony, Courtyard, Lighting, Private Entrance, Private Yard, Rain Gutters
- Has private pool: Yes
- Pool features: Deck, Gunite, In Ground, Lighting, Pool Alarm, Salt Water, Tile
- Fencing: Fenced,Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 7,966 Square Feet
- Dimensions: 50 x 150
- Features: Historic District, City Lot, Landscaped, Level, Near Golf Course, Near Marina, Private, Sidewalk
- Residential vegetation: Trees/Landscaped
Details
- Additional structures: Guest House
- Parcel number: 744138212480
- Zoning: MULTI USE
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Historical
- Property subtype: Single Family Residence
Materials
- Block, Cement Siding, Stucco, Wood Frame
- Foundation: Crawlspace, Slab
- Roof: Metal,Shingle
Condition
- Completed
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: ANDREWS PROP
HOA
- Has HOA: No
Location
- Region: New Smyrna Beach
Financial & listing details
- Price per square foot: $519/sqft
- Tax assessed value: $590,729
- Annual tax amount: $9,082
- Date on market: 6/1/2026
- Cumulative days on market: 81 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
$1,424,800
$1.35M - $1.50M
$3,559/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $1,599,000+392%$519/sqft |
Source: | ||
| 12/31/2019 | Sold | $325,000-18.7%$106/sqft |
Source: Public Record Report a problem | ||
| 12/6/2019 | Pending sale | $399,900$130/sqft |
Source: Island Properties of NSB #1050548 Report a problem | ||
| 11/14/2019 | Price change | $399,900-9.1%$130/sqft |
Source: Island Properties of NSB #1050548 Report a problem | ||
| 9/12/2019 | Price change | $439,900-2.2%$143/sqft |
Source: Island Properties of NSB #1050548 Report a problem | ||
| 7/16/2019 | Listed for sale | $449,900+50%$146/sqft |
Source: Island Properties of NSB #1050548 Report a problem | ||
| 6/5/2011 | Listing removed | $299,900$97/sqft |
Source: Island Properties #1007059 Report a problem | ||
| 7/16/2010 | Listed for sale | $299,900+122.1%$97/sqft |
Source: Island Properties of NSB #1007059 Report a problem | ||
| 8/17/2004 | Sold | $135,000+12.5%$44/sqft |
Source: Public Record Report a problem | ||
| 6/23/2003 | Sold | $120,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,083 +40.5% | $590,729 +40.4% |
| 2024 | $6,464 +38% | $420,830 +35.4% |
| 2023 | $4,684 -7% | $310,773 +16.7% |
| 2022 | $5,036 | $266,409 +10% |
| 2021 | -- | $242,190 +4.8% |
| 2020 | $4,207 +19.2% | $231,048 +24.7% |
| 2018 | $3,531 +1.6% | $185,218 +18% |
| 2016 | $3,477 +6.1% | $156,939 +60.8% |
| 2015 | $3,276 +169.3% | $97,614 +0.8% |
| 2014 | $1,216 | $96,839 -25.3% |
| 2005 | -- | $129,568 +20.5% |
| 2004 | -- | $107,491 +11.3% |
| 2003 | -- | $96,582 +14.3% |
| 2002 | -- | $84,468 +27.6% |
| 2001 | -- | $66,193 +18.8% |
| 2000 | -- | $55,696 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Canal Downtown
Nearby schools
Schools provided by the listing agent
- Elementary: Read Pattillo Elem
- Middle: New Smyrna Beach Middl
- High: New Smyrna Beach High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








