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Sold for $940,000
  • $940,000

    307 RUSH STREET, NEW SMYRNA BEACH, FL 32168

    7beds
    2,792sqft
    Single Family Residence
    Built in 1920
    5,950 Square Feet Lot
    $996,400 Zestimate®
    $337/sqft
    $4,072 Estimated rent

    Home value

    $996,400

    $907,000 - $1.10M

    $4,072/mo

    Zestimate® history
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    What's special

    Welcome to the epitome of downtown living in New Smyrna Beach, where luxury and investment potential seamlessly merge. Nestled downtown on Rush Street in the bed-and-breakfast overlay, this multifamily gem is a testament to meticulous renovation and prime location. The property features a front house with four distinct apartments, providing a diverse mix of living spaces catering to various preferences. The front house includes two one-bedroom apartments and two two-bedroom apartments, ensuring versatility for tenants seeking different configurations. In addition to the front house, there is an additional studio cottage on the property, allowing for a fifth unit to be rented as well. The layout maximizes privacy and convenience, with each unit equipped with its own meter for utilities and dedicated washer and dryer hookups. This thoughtful design adds a layer of independence for residents and makes this property an ideal investment for both short-term and long-term rental opportunities. A standout feature of this multifamily home is its adherence to high-quality craftsmanship, with no expense spared during the $450,000 renovation. Rain engineering ensures the structural integrity of the property, making it resilient against the coastal climate. Inside, every detail has been carefully considered – from all-new flooring to cabinets and quartz countertops throughout. The result is a harmonious blend of modern aesthetics and functionality, making this property a turnkey investment opportunity. Tucked away in the heart of downtown New Smyrna Beach, this multifamily home not only promises an exceptional return on investment but also offers a chance to be part of a vibrant community. With the flexibility of short-term rentals allowed, this property opens the door to a lucrative income stream, attracting both tourists and long-term tenants alike. Don't miss the chance to own a piece of urban paradise where luxury, location, and investment potential converge.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tara Lyall 386-682-0992,

    THE HIGH TIDE GROUP 386-682-0992

    Bought with:

    Tara Lyall, 3332951

    THE HIGH TIDE GROUP

    Source: Stellar MLS,MLS#: NS1080603MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 5
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Microwave, Range, Refrigerator
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Ceiling Fan(s)
    • Flooring: Luxury Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 3,320
    • Total interior livable area: 2,792 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Other
    Lot
    • Size: 5,950 Square Feet
    • Dimensions: 50 x 119
    Details
    • Parcel number: 744127010040
    • Zoning: 10R5
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: SMITHS D P NEW SMYRNA
    HOA
    • Has HOA: No
    Location
    • Region: New Smyrna Beach

    Financial & listing details

    • Price per square foot: $337/sqft
    • Tax assessed value: $745,405
    • Annual tax amount: $5,523
    • Date on market: 2/14/2024
    • Cumulative days on market: 179 days
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    8/30/2024Sold$940,000-6.9%$337/sqft
    Source: Stellar MLS #NS1080603 Report a problem
    8/14/2024Pending sale$1,010,000$362/sqft
    Source: Stellar MLS #NS1080603 Report a problem
    8/13/2024Listing removed--
    Source: Stellar MLS #NS1080603 Report a problem
    4/12/2024Price change$1,010,000-8.2%$362/sqft
    Source: Stellar MLS #NS1080603 Report a problem
    2/14/2024Listed for sale$1,100,000+205.6%$394/sqft
    Source: Stellar MLS #NS1080603 Report a problem
    8/11/2022Sold$360,000-10%$129/sqft
    Source: DBAMLS #1098495 Report a problem
    7/9/2022Pending sale$399,900$143/sqft
    Source: DBAMLS #1098495 Report a problem
    7/8/2022Listed for sale$399,900$143/sqft
    Source: DBAMLS #1098495 Report a problem
    7/5/2022Pending sale$399,900$143/sqft
    Source: Stellar MLS #O6039202 Report a problem
    7/5/2022Contingent$399,900$143/sqft
    Source: Space Coast AOR #939314 Report a problem
    6/30/2022Listed for sale$399,900+60%$143/sqft
    Source: DBAMLS #1098495 Report a problem
    5/4/2022Sold$250,000+59.2%$90/sqft
    Source: Public Record Report a problem
    4/5/2011Sold$157,000-10.8%$56/sqft
    Source: Public Record Report a problem
    3/18/2004Sold$176,000$63/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,303 +103.3%$745,405 +113.1%
    2024$6,052 +9.6%$349,742 +10%
    2023$5,524 +20.3%$317,947 +26.6%
    2022$4,592 $251,238 +10%
    2021-- $228,398 +4.4%
    2020$3,990 $218,837 -6.8%
    2019$3,990 -1.1%$234,912 +17.8%
    2018$4,033 +10.2%$199,371 +9.1%
    2017$3,659 +6.1%$182,786 +3.7%
    2016$3,450 +0.7%$176,199 +10.6%
    2015$3,426 +19.9%$159,373 +26.8%
    2014$2,858 $125,694 +6.5%
    2013-- $117,995 -11.4%
    2012-- $133,208 +47.7%
    2011-- $90,173 -6.6%
    2010-- $96,566 -30.9%
    2009-- $139,681 -35.3%
    2007-- $216,032 -9.5%
    2006-- $238,723 +27.5%
    2005-- $187,275 +16.6%
    2004-- $160,602 +23.8%
    2003-- $129,726 +12.5%
    2002-- $115,292 +31.6%
    2001-- $87,622 +2.4%
    2000-- $85,610
    Find assessor info on the county website

    Neighborhood: Faulkner

    Nearby schools

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    Estimated market value
    $996,400
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    Estimated market value
    $996,400