407 Magnolia Street, FL407 Magnolia Street, FL407 Magnolia Street, FL
Stellar MLS
1 / 63

$739,900

407 Magnolia Street

New Smyrna Beach, FL 32168

Listing updated: August 2, 2026 at 3:06 PM ET

Active
Stellar MLSListing courtesy of Collado Real Estate · Bryan Disbrow · MLS #NS1088689 · Active · 386-427-0002
4
Beds
3
Baths
2,824
Sq Ft
0.17
Acres
1913
Built
Fireplace$262/sqft360° tour
Single Family Residence

Property type

1913

Year built

7,500 sqft

Lot size

$262

Price / sq ft

No HOA

HOA dues

3

Days on market

X

Flood zone

About this home

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! Or perhaps you're looking for a charming downtown residence with an income-producing cottage? Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value. Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand. The property features a charming two-story main residence with two separate apartments, plus a detached cottage: Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights, Three fully leased residential rental units, Multi-family zoning Located within the Historic and Arts Overlay District, Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old, Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this—fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach—rarely become available. Schedule your private showing today.

Estimated monthly payment

Principal & interest$3,741
Property taxes$383
Home insurance (est.)$339

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 history3 days on market

  1. Status: Active
    Jul 31, 2026
  2. Listed$739,900
    Jul 30, 2026
  3. Price increased$739,900

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
3
Subdivision
Andrews
County
Volusia
Year built
1913
Living area
2,824 sq ft
Price/sq ft
$262
Building area
3,064 sq ft (Public Records)
Lot size
7,500 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12127C0543J)
Annual taxes
$4,590 (2025)
Parcel #
744138040630
Zoning
R5
MLS #
NS1088689

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Interior Details

Bedrooms
4
Full bathrooms
3
Flooring
Tile, Wood
Appliances
Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Washer
Interior features
Living Room/Dining Room Combo, Primary Bedroom Main Floor
Laundry
Common Area, Inside
Stories / Levels
Multi/Split
Direction faces
West
Fireplace
Yes

Heating & Cooling

Heating
Central, Electric
Cooling
Central Air

Parking

Parking features
Curb Parking, Driveway, Off Street

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Min lease term
1-7 Days
Listing terms
Cash, Conventional, Trade, Owner Financing
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No
Additional lease restrictions
NA
Approval process
NA

Exterior & Construction

Exterior features
Courtyard, Private Mailbox, Sidewalk
Construction materials
Frame
Roof
Shingle
Foundation
Crawlspace
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Community

Pets allowed
Cats OK, Dogs OK

Schools

ElementaryRead Pattillo ElemGreatSchools ↗
MiddleNew Smyrna Beach MiddlGreatSchools ↗
High SchoolNew Smyrna Beach HighGreatSchools ↗

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

RoomLevelDimensions
Primary BedroomFirst12x12
Primary BathroomFirst7x5
Living RoomFirst16x13
Dining RoomFirst12x12
KitchenFirst12x8

Listing Details

Listing date
2026-07-30
On market date
2026-07-30
Original list price
$739,900
Occupant type
Tenant
MLS area
32168 - New Smyrna Beach
Listing AOR
New Smyrna Beach Board of Realtors
Status changed
2026-07-31
Tax legal description
41-17-34 S 3/4 OF LOT 63 & N 11.75 FT OF LOT 64 BLK 4 ANDREW S PROPERTY NEW SMYRNA MB 1 PG 128 MB 2 PG 68 MB 12 PG 183 MB 17 PG 79 PER OR 3136 PG 0896 PER OR 8070 PG 2163 PER OR 832

Flood risk

Minimal riskFEMA Zone XPanel 12127C0543J

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

From US head E on Canal Street to Magnolia, turn right head S to 407 on the left just pass the overpass

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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 August 2, 2026 at 3:06 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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