Volusia County Florida - Land, Farms & Ranches - Property ID: 4273666

Property ID: 4273666 - Volusia County Florida


Property ID: 4273666 - Volusia County Florida

Property ID: 4273666

County: Volusia

Type: Commercial Property

Acres: 14.88

Address: 295 Portofino Blvd

City: New Smyrna Beach

State: Florida

Zip: 32168

Price: $4,600,000.00

Status: Available
Description: The Resplendent is a 14.88 acre site zoned and approved for 267 units of apartments. All engineering and architectural has been complete and most permitting is in place. The site is at the entrance to an upscale gated community with East and West golf course frontage. The Resplendent is located within the 1,250 acre Venetian Bay planned unit development approved for 3,000 homes. There are currently 1,000+ single family homes built, providing excellent support facilities including a town center with retail and restaurants and an 18-hole golf course with a 6,718 square foot clubhouse facility. There is a minimum supply of market rent apartment projects within the subject's immediate neighborhood area. Based on population and household projections over the next five years, the Daytona Beach MSA can support approximately 430 units per year. The Florida Apartment Association estimates a current 94% occupancy in Volusia County. For more information, please contact Michael Bull or Rick Blumenfeld.


Contact Name: Michael Bull

Phone Number: 404.876.1640

Address1: 50 Glenlake Parkway

City: Atlanta

State: GA

Zip: 30328

NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America who specializes in land for sale, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.