$450,000
121 Palm Way
Edgewater, FL 32132
Listing updated: June 9, 2026 at 3:42 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Under contract-accepting backup offers. Unique property offering flexibility for an extended family or a strong investment opportunity—located just a few homes from the Intracoastal Waterway. The charming 1946 main house features 2 bedrooms and 2 bathrooms, highlighted by an inviting wood-burning fireplace. A separate, unattached 1-bedroom, 1-bath cottage with a kitchenette provides the perfect space for guests, in-laws, or rental income. An oversized detached garage includes openers, a full bath, and an efficiency suite above—complete with its own kitchenette and full bath—adding even more income or living potential. Imagine a property where everyone can enjoy their own private space, or where rental units help offset your living expenses. (Currently, the main house and cottage are tenant occupied.) There’s plenty of room for all your toys, whether it’s boats, kayaks, or recreational vehicles. Start your mornings with coffee and a short walk to nearby parks to catch a beautiful sunrise or spend the day on the water with easy access to boat and kayak launches, abundant wildlife, and excellent fishing in the estuary, Intracoastal, or Atlantic Ocean. Just minutes from the sandy shores of New Smyrna Beach, you’ll enjoy drive-on beach access, incredible bird and dolphin watching, and some of the best surfing on the East Coast. The area offers endless activities, from festivals, art shows, and wine walks to parades and classic car shows—plus a wide variety of unique restaurants and shops. Conveniently located with easy access to Interstate 95, you’re a short drive from Daytona Beach (racing, biking, off-road adventures), St. Augustine, Orlando attractions (about an hour+), and even rocket launches from Cape Canaveral. Live the ultimate Florida lifestyle with both river and beach access, flexible living options, and excellent rental potential. What’s not to love? Contact me today for more details or to schedule a showing.
Estimated monthly payment
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 history52 days on market
- Status: PendingJun 9, 2026
- Listed$499,000Apr 17, 2026
- Price reduced$450,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Pending
- Days on market
- 52
- Subdivision
- Fernald & Chadwick Hawks Park
- County
- Volusia
- Year built
- 1946
- Living area
- 1,964 sq ft
- Price/sq ft
- $229
- Building area
- 2,910 sq ft (Public Records)
- Lot size
- 10,425 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12127C0685J)
- Garage
- 2 spaces
- Annual taxes
- $8,209 (2025)
- Parcel #
- 00-74-52-14-00-0550
- Zoning
- 07R2
- MLS #
- NS1087973
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 5
- Flooring
- Carpet, Ceramic Tile, Luxury Vinyl
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
- Laundry
- In Garage, Inside
- Stories / Levels
- One
- Direction faces
- South
- Fireplace
- Yes
- In-law suite
- Yes
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air, Wall/Window Unit(s)
Parking
- Garage spaces
- 2
- Attached garage
- No
- Parking features
- Driveway, Garage Door Opener
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Private Yard, Storage
- Construction materials
- Concrete, Frame
- Roof
- Shingle
- Foundation
- Concrete Perimeter
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 10x16 |
| Kitchen | First | 8x12 |
| Living Room | First | 16x20 |
Listing Details
- Listing date
- 2026-04-17
- On market date
- 2026-04-17
- Original list price
- $499,000
- Occupant type
- Tenant
- MLS area
- 32132 - Edgewater
- Listing AOR
- West Volusia
- Status changed
- 2026-06-09
- Tax legal description
- LOT 55 & W 1/2 OF LOT 54 FERNALD & CHADWICKS HAWKS PARK MB 4 PG 192 PER OR 4866 PG 0630 PER OR 7548 PG 1981
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Edgewater US1 South 2 Blocks south of Park Avenue Left onto Palm Way. Home is on the left.
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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 June 9, 2026 at 3:42 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.
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