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About this home
712-714 Oakwood Ave is a 1980-built home in Cooper Sub, New Smyrna Beach. Inside you'll find 4 bedrooms, 2 bathrooms, and 1,800 square feet of living space. Listed at $965,000 (about $536/sqft), 180 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Just steps to the beach, this ideally situated New Smyrna Beach duplex sits only six houses from the ocean, with a public beach walkway located directly at the end of Oakwood. The property has never experienced flooding and is located outside the zone requiring flood insurance, creating rare peace of mind for both owners and investors. This is the true heart of Central Beach, where you can walk or take your golf cart to Flagler Avenue’s restaurants, boutique shopping, nightlife, ice cream shops, convenience retail, Publix, Starbucks, the river, local parks, and every lifestyle amenity that makes this area one of the most desirable coastal destinations in Florida. Both units offer two bedrooms, one bathroom, a comfortable living area, full kitchen, and a dedicated laundry room located outside, just off the rear of each unit. Each side also has its own private outdoor space. This setup is ideal for short-term monthly rentals, seasonal visitors, long-term tenants, or a live-in one side and rent the other configuration. With projected rental income between $45,000 and $65,000 annually, this duplex provides excellent cash flow and consistent demand throughout the year from snowbirds, traveling professionals, and extended-stay guests seeking beach proximity and walkability. Positioned on a larger-than-average 0.23-acre lot, the property is directly adjacent to Detwiler Park, offering tennis courts, a playground, open green space, and shaded areas that create a welcoming community feel. The concrete block construction, metal roof, and coastal-friendly design contribute to durability and low maintenance requirements. The spacious lot size also offers flexibility for enhancements. In addition to its strong income performance, the property holds significant redevelopment potential. The neighboring parcel to the west was transformed from an identical duplex into a luxurious beachside estate, demonstrating what is possible on this block. With proper planning, this property could be elevated in the same fashion to create a premier Central Beach residence while still offering substantial rental capability or multigenerational living options. Very few beachside lots this close to the ocean offer both income stability and long-term estate potential. This location embodies the best of the New Smyrna Beach lifestyle. Enjoy morning walks on the sand, afternoon golf cart trips to local shops, or evenings on Flagler Avenue. Whether you are searching for a high-performing investment property, a versatile beach home, or a redevelopment opportunity in one of NSB’s most coveted coastal neighborhoods, this property offers exceptional value and potential. Properties of this size and location, combined with flood-free history and strong income projections, are increasingly rare.
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The essentials
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Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$965,000
$536 per sq ft
Beds and baths
4 beds, 2 baths
Size
1,800 sq ft
Time on market
180 days
Year built
1980
Monthly payment
About $6,311/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,543 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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