801 Canal Street, New Smyrna Beach, FL 32168
Inwood · Volusia County
Key Facts
Description
OWNER FINANCING AVAILABLE - MUST SELL! Exceptional residential home and mixed-use investment opportunity in the heart of New Smyrna Beach offering incredible flexibility for investors, entrepreneurs, live/work concepts, hospitality, retail, office, wellness, or income-producing ventures. Positioned on approximately 0.79 acres between US-1 and the Intracoastal Waterway, this unique property combines residential comfort with strong commercial potential in one of the city's most desirable and rapidly growing corridors. The property features spacious independent units and flexible configurations ideal for a boutique bed & breakfast, executive offices, medical or wellness practice, short-term rental operation, art gallery, café, retail showroom, co-working concept, or professional headquarters. Currently generating over $130,000 annually in short-term rental income, this property offers immediate revenue potential while also supporting long-term redevelopment and business opportunities. The generous layout provides multiple private-use areas with an ideal blend of residential and commercial functionality. Located just moments from Historic Canal Street, Flagler Avenue, Riverside Drive, shopping, dining, marinas, and only minutes to the beach, the property benefits from outstanding visibility, accessibility, walkability, and tourism exposure. Adding to the long-term appeal, the proposed Myrtle Avenue Park nearby off Canal Street is expected to further enhance the area's charm, pedestrian activity, and future desirability. The surrounding district continues to experience substantial residential, hospitality, and commercial growth, making this a strategic acquisition with exceptional upside potential. Whether you are seeking an income-producing asset, flagship business location, mixed-use redevelopment opportunity, or a unique coastal investment property, this rare New Smyrna Beach offering delivers versatility, charm, and opportunity. MAKE AN OFFER!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Cottage / Ranch
Year Built
1948
Living Area
2,942 sq ft
Lot Size
0.78 acres
Lot Dimensions
172.0 ft x 200.0 ft
Garage Spaces
1
Days on Market
3
MLS® Listing#
1227367
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Patio
Construction
Foundation
Roof
Other Structures
Utilities
Sewer
Water Source
Rooms
- 14.00 x 12.00First
- Bedroom 112.00 x 15.00First
- Bedroom 212.00 x 9.00First
- Bedroom 312.00 x 12.00First
- Bedroom 411.00 x 17.00First
- Dining Room16.00 x 16.00First
- Kitchen17.00 x 16.00First
- Living Room14.00 x 16.00First
Financial Details
HOA
None
Annual Taxes
$7,007
Tax year 2025
Parcel Number
7418-08-33-0090
Directions
I-95 Exit 249 (SR-44), east toward New Smyrna Beach. Right on Myrtle Ave. Property on NW corner of Canal St & Myrtle Ave.
Affordability Calculator
$199,000
Estimated monthly payment
$5,296/mo
Principal $796,000 · Est. interest $1,110,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Smyrna Beach, FL
- $492,345
- Median Listing Price
- 117
- Median Days on Market
- 1,390
- Median Sq Ft
- $373
- Median Price / Sq Ft
- 28,247
- Active Listings
- This home’s price is 102% above the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Smyrna Beach, FL.
Location
Getting Around
Points of Interest in New Smyrna Beach, FL
Showing the New Smyrna Beach area map.
Nearby Schools
Chisholm Elementary School
Elementary · 0.6 mi away
Read-Pattillo Elementary School
Elementary · 1.1 mi away
New Smyrna Beach High School
Secondary · 1.3 mi away
New Smyrna Beach Barracuda Band & Alumni
School · 1.3 mi away
New Smyrna Beach Middle School
Secondary · 1.3 mi away
St Paul's Preschool
School · 1.4 mi away
Little Explorers Montessori
Elementary · 1.9 mi away
Cormeth Day School
School · 2.0 mi away
Northwest Lineman Center
Secondary · 2.2 mi away
Edgewater Public School
Elementary · 3.0 mi away
Coronado Beach Elementary School
Elementary · 3.4 mi away
Kid City USA - Edgewater
School · 4.7 mi away
Indian River Elementary School
Elementary · 5.8 mi away
Wise Private School
School · 6.7 mi away
Commonwealth Christian Academy
School · 7.2 mi away
Cypress Creek Elementary School
Elementary · 7.2 mi away
Spruce Creek Elementary School
Elementary · 7.3 mi away
Creekside Middle School
Secondary · 7.4 mi away
Spruce Creek Senior High School
Secondary · 7.9 mi away
Bright Beginnings Preschool
School · 7.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 244 CYPRESS TRAIL DRIVE, ORMOND BEACH, FL | $698,000 | 4 | 3 | 2,735 |
| 3604 MARIBELLA DRIVE, NEW SMYRNA BEACH, FL | $698,000 | 4 | 2 | 2,050 |
| 3604 Maribella Drive, New Smyrna Beach, FL | $698,000 | 4 | 2 | 2,050 |
| 96086 SEA WINDS Drive, Fernandina Beach, FL | $698,700 | 4 | 2 | 2,165 |
| 96086 SEA WINDS Drive, Fernandina Beach, FL | $698,700 | 4 | 2 | 2,165 |
| 901 S ATLANTIC AVENUE PH3, ORMOND BEACH, FL | $698,900 | 4 | 5 | 2,790 |
Moving Cost Estimate
EXIT Agents in New Smyrna Beach
Listing Courtesy: Barsottelli Prime Real Estate - 3867329212
Presented by: Ignacio Barsottelli
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.