Wallace Road, FL
Stellar MLS

$225,000

Wallace Road

New Smyrna Beach, FL 32168

Listing updated: March 14, 2026 at 3:47 PM ET

Active
0
Baths
0.72
Acres
$7/sqft360° tour
Land

Property type

31,363 sqft

Lot size

$7

Price / sq ft

No HOA

HOA dues

0

Days on market

AE

Flood zone

About this home

Prime development opportunity in the heart of New Smyrna Beach’s thriving business district! This **0.72-acre vacant lot** is zoned **B-2 (Highway Business)**, offering exceptional flexibility for a variety of commercial or mixed-use development possibilities. The zoning allows for **multifamily residential construction**, making this an ideal site for investors, developers, or builders looking to capitalize on the strong growth and demand in the area. Positioned in a highly visible and accessible location, the property sits within close proximity to major thoroughfares, established businesses, retail, dining, and the vibrant coastal lifestyle that makes New Smyrna Beach one of Central Florida’s most desirable markets. **Seller already has development plans drafted**, providing a valuable head start for buyers interested in bringing a multifamily or mixed-use project to life. With nearly three-quarters of an acre to work with, this parcel offers ample space and outstanding potential for income-producing development. Opportunities like this are rare in such a prime location. Don’t miss your chance to secure a strategically located parcel with strong investment potential in one of Florida’s fastest-growing coastal communities. **Highlights:** * 0.72 acres vacant land * B-2 (Highway Business) zoning * Multifamily development permitted * Seller has preliminary development plans drafted * Located in the heart of the New Smyrna Beach business district * Excellent opportunity for investors and developers Buyer must verify all permitted uses and options for the property with the municipality BEFORE making any offer.

Estimated monthly payment

Principal & interest$1,138
Property taxes$131
Home insurance (est.)$103

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

  1. Status: Active
    Mar 14, 2026
  2. Listed$225,000
    Mar 14, 2026
  3. Price increased$225,000

Virtual Tour

Facts & features

Property type
Land
Status
Active
Days on market
0
Subdivision
Hawley
County
Volusia
Price/sq ft
$7
Lot size
31,363 sq ft
Lot category
1/2 to less than 1
Flood zone
AE
Annual taxes
$1,576 (2025)
Parcel #
7324-01-00-0102
Zoning
B-2
MLS #
NS1087589

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HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash, Conventional
Ownership
Fee Simple

Exterior & Construction

Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
None
Utilities
Electricity Available, Public, Sewer Available, Water Available

Listing Details

Listing date
2026-03-09
On market date
2026-03-14
Original list price
$225,000
MLS area
32168 - New Smyrna Beach
Listing AOR
New Smyrna Beach Board of Realtors
Status changed
2026-03-14
Tax legal description
24-17-33 PART OF LOT 10 W OF CR & N OF RR BEING 175.3 FT ON N/L & 124 FT ON W/L HAWLEY SUB PER OR 3935 PG 4691 PER OR 5713 PGS 3890-3891 PER OR 8310 PG 1011 PER OR 8692 PG 2797

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From I-95, Exit 249 for New Smyrna Beach heading EAST on State Road 44. ???

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of March 14, 2026 at 3:47 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA