Banke Ayanleke

5575 S Atlantic Avenue, New Smyrna Beach, FL 32169

$5,400,000

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Property Description

Virtually Staged. Pre-Construction. To be built. A rare opportunity to own one of the few remaining direct oceanfront homesites in exclusive Bethune Beach. This exceptionally large property with over 17,500 square feet building area --nearly three times the size of a typical area lot--with direct access to the no-drive beach, no short-term rentals, and a more private residential setting. Unlike most vacant oceanfront properties, the difficult work has already been completed. DEP and Volusia County approvals are in place, the building permit has been issued, and the property is shovel-ready for construction. The entitlement and permitting process alone took more than two years to complete. Approved plans feature an approximately 6,000-total-square-foot luxury oceanfront residence with 4 bedrooms, 4.5 baths, a loft, two separate garages, a private pool, multiple balconies and porches, and expansive indoor/outdoor living spaces designed to capture the ocean views. The home is currently in the selection phase, giving a buyer the opportunity to personalize finishes and details or revise the plans to suit their individual needs. Designed by award-winning IBK Construction, Inc. and Gary Hancock, the home takes full advantage of the site's favorable elevation, allowing for a more natural driveway and entry while avoiding the steep approaches common to many elevated beachfront homes. Purchase the fully entitled lot and bring your own builder, or work with IBK Construction to complete the approved custom home. Direct oceanfront. Rock revetment. No-drive beach. Shovel-ready. A truly rare opportunity to create a new luxury residence in one of New Smyrna Beach's most desirable beachfront communities.

5575 S Atlantic Avenue | MLS# 1230175

This single family home located at 5575 S Atlantic Avenue, New Smyrna Beach, FL 32169 is currently listed for sale with an asking price of $5,400,000. This property has 4 bedrooms and 4 full and 1 partial baths with 3835 sq. ft. S Atlantic Avenue is located in the Bethune Volusia Beach subdivision. Search Bethune Volusia Beach real estate on www.bankeayanleke.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2
Heating: Central
Home Style: Contemporary
Lot Size: 0.27 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $17,570
Square Feet: 3,835

Feature Descriptions

Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
Directions: I95 exit SR44 head E toward New Smyrna Beach. Continue over South Causeway to beachside. 3rd Ave turns into S Atlantic, property just past Bethune Beach sign and immediately South of Sandpiper.
Exterior: Block
Flooring: Tile, Wood
Interior Amenities: Eat-in Kitchen, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Laundry: In Unit
Listing Terms: Cash, Conventional
Lot Dimensions: 75.0 ft x 177.0 ft
Parcel #: 8505-01-01-0010
Parking: Garage
Patio/Porch: Covered, Deck, Patio, Rear Porch
Pool: In Ground
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Road Surface: Paved
Sewer: Public Sewer
SQFT Total: 3835
Swimming Pool: Yes
Utilities: Electricity Available, Water Available
Water: Public
Waterfront: Ocean Front

Local Schools

High School: New Smyrna Beach
Middle School: New Smyrna Beach
Elementary School: Coronado Beach

Listed By / Shown By

Listed By

Agency Name: Shawfield Realty Group

Shown By

Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 30,259.33 per month $27,220.16 Principal & Interest $1,464.17 Property Tax $1,575.00 Homeowner's Insurance

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