28 Country Club Dr Unit B · New Smyrna Beach, FL 32168

$219,900

2 bd · 2.0 ba · 1,074 sqft · Condo public records · 27 Days on market

Built 1973 $375/mo HOA · 18% of rent

---

Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.1/30.0
• ARV discount +7.5/15.0
• 1% rule +4.6/10.0
• DSCR +3.9/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your future home in prestigious New Smyrna Beach! Country Club Chalets are the best kept secret in the city, where streetlights glimmer brightly every evening at dusk, just as our neighborhoods used to all over America. This small and well-maintained 55+ community is a rare, and friendly private neighborhood where the residents greet each other by name, dog lovers walk their fur babies daily and wave to all who pass by, and where neighborly kindness still exists. Exercise is embraced, and when the heat of Florida tries to take over, the huge swimming pool and clubhouse are the favorite go-to spots to cool down and enjoy one of numerous amenities that are included in the low monthly condo association fee. Secluded but close to everything, this spectacular nexus is just moments away from three major local golf courses, the best beaches in the area, intercoastal fishing and boating, shopping, restaurants, medical services, and most of all, care-free, and peaceful living. This best kept vibrant community whose side-by-side condos rarely go up for sale, is a must see. Just as this updated two-bedroom and two-bath condo with an enclosed carport and private side yard is an extraordinary value both for its uniqueness and price. New flooring, interior paint, remodeling of both bathrooms, and beautiful granite kitchen counters, all add quality to this slice of Florida heaven. The pine tongue-and-groove vaulted ceilings are stunning, adding a rustic and warm aesthetic to the living and dining rooms. The split floor plan provides privacy and creates ideal living for guests as well as for family members. The enclosed carport offers dual purpose: if not to park your vehicle in this space, this could easily become your favorite all-season room taking advantage of the existing glass sliders that open directly into the main living area. The washer & dryer are housed in their own room at the back of the carport, allowing convenience as you move about your day. And then there is the private pergola surrounded by trees, neatly designed on the side of the unit to offer a private sanctuary where your barbeque will fit perfectly, as will your chaise lounges, and patio plants and whatnots. If this all sounds too good to be true, then schedule your visit today to see for yourself this wonderful condo and its nature-filled environment and discover why this amazing community of residents make these units their forever homes.

Key facts

• Clubhouse
• Private neighborhood
• New flooring

Tags

• PRIVATE NEIGHBORHOOD
• HUGE SWIMMING POOL
• CLUBHOUSE
• THREE MAJOR LOCAL GOLF COURSES
• PRIVATE SIDE YARD
• NEW FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $-74 ($-893/yr) — negative.
• To cash-flow at today's rent, offer at most $207k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (4.2% below list).
• Recommended offer: $207k (6.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 69/100 on livability (#474 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B; Watch: amenities F, commute F, health & safety D-.
• Volusia (suburban): math 44% / reading 49% proficiency, ranked #47 of 73 in FL (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.6%/yr); 601 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 33% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $56k; list at $220k implies a 293% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,753 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.96% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.16%
• DSCR: 0.99
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.44×
• Total profit: $-34,556
• Equity at exit: $32,788

10-year hold

• IRR: -2.3%
• Equity multiple: 0.82×
• Total profit: $-11,061
• Equity at exit: $19,013

Cash invested: $61,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32168

• Home prices YoY: -27.0%
• Rents YoY: 5.6%
• Active inventory: 601
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,106 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$52 /mo · $619/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$375
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $-74

Break-even live

Break-even rent $2,200

Max offer price $206,753

Occupancy floor 99%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
618 N Duss St New Smyrna Beach, FL	3.0	2.0	1500	$1,999	$1.33	19d	1	0.17mi
907 Hamilton St New Smyrna Beach, FL	3.0	2.0	1336	$2,085	$1.56	11d	1	0.18mi
1054 Claudia St New Smyrna Beach, FL	2.0	2.0	1005	$1,750	$1.74	23d	1	0.50mi
7 Birdie Dr New Smyrna Beach, FL	2.0	2.0	1046	$2,600	$2.49	23d	1	0.69mi
14 Birdie Dr New Smyrna Beach, FL	2.0	2.0	1060	$1,775	$1.67	23d	1	0.70mi
110 Rush St New Smyrna Beach, FL	1.0	1.0	700	$1,300	$1.86	14d	1	0.92mi
2 Riverwalk Dr #202 New Smyrna Beach, FL	2.0	2.0	1384	$3,200	$2.31	23d	1	0.98mi
201 Palmetto St New Smyrna Beach, FL	1.0	1.0	900	$1,650	$1.83	11d	1	1.01mi
159 Breezeway Ct #159 New Smyrna Beach, FL	2.0	2.0	967	$2,900	$3.00	23d	1	1.08mi
527 Terriere Way New Smyrna Beach, FL	3.0	2.0	1490	$2,400	$1.61	11d	1	1.10mi
1801 Sugartree Cir New Smyrna Beach, FL	1.0–2.0	1.0–2.0	720	$1,825	$2.53	23d	1	1.26mi

HOA detail condo

• Monthly dues: $375 · $4,500/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-04-26
   status Pending

   Show marketing remark (2458 chars)

   Welcome to your future home in prestigious New Smyrna Beach! Country Club Chalets are the best kept secret in the city, where streetlights glimmer brightly every evening at dusk, just as our neighborhoods used to all over America. This small and well-maintained 55+ community is a rare, and friendly private neighborhood where the residents greet each other by name, dog lovers walk their fur babies daily and wave to all who pass by, and where neighborly kindness still exists. Exercise is embraced, and when the heat of Florida tries to take over, the huge swimming pool and clubhouse are the favorite go-to spots to cool down and enjoy one of numerous amenities that are included in the low monthly condo association fee. Secluded but close to everything, this spectacular nexus is just moments away from three major local golf courses, the best beaches in the area, intercoastal fishing and boating, shopping, restaurants, medical services, and most of all, care-free, and peaceful living. This best kept vibrant community whose side-by-side condos rarely go up for sale, is a must see. Just as this updated two-bedroom and two-bath condo with an enclosed carport and private side yard is an extraordinary value both for its uniqueness and price. New flooring, interior paint, remodeling of both bathrooms, and beautiful granite kitchen counters, all add quality to this slice of Florida heaven. The pine tongue-and-groove vaulted ceilings are stunning, adding a rustic and warm aesthetic to the living and dining rooms. The split floor plan provides privacy and creates ideal living for guests as well as for family members. The enclosed carport offers dual purpose: if not to park your vehicle in this space, this could easily become your favorite all-season room taking advantage of the existing glass sliders that open directly into the main living area. The washer & dryer are housed in their own room at the back of the carport, allowing convenience as you move about your day. And then there is the private pergola surrounded by trees, neatly designed on the side of the unit to offer a private sanctuary where your barbeque will fit perfectly, as will your chaise lounges, and patio plants and whatnots. If this all sounds too good to be true, then schedule your visit today to see for yourself this wonderful condo and its nature-filled environment and discover why this amazing community of residents make these units their forever homes.

2. 2026-04-26
   status Pending 2458-char remark

   Show marketing remark (2458 chars)

   Welcome to your future home in prestigious New Smyrna Beach! Country Club Chalets are the best kept secret in the city, where streetlights glimmer brightly every evening at dusk, just as our neighborhoods used to all over America. This small and well-maintained 55+ community is a rare, and friendly private neighborhood where the residents greet each other by name, dog lovers walk their fur babies daily and wave to all who pass by, and where neighborly kindness still exists. Exercise is embraced, and when the heat of Florida tries to take over, the huge swimming pool and clubhouse are the favorite go-to spots to cool down and enjoy one of numerous amenities that are included in the low monthly condo association fee. Secluded but close to everything, this spectacular nexus is just moments away from three major local golf courses, the best beaches in the area, intercoastal fishing and boating, shopping, restaurants, medical services, and most of all, care-free, and peaceful living. This best kept vibrant community whose side-by-side condos rarely go up for sale, is a must see. Just as this updated two-bedroom and two-bath condo with an enclosed carport and private side yard is an extraordinary value both for its uniqueness and price. New flooring, interior paint, remodeling of both bathrooms, and beautiful granite kitchen counters, all add quality to this slice of Florida heaven. The pine tongue-and-groove vaulted ceilings are stunning, adding a rustic and warm aesthetic to the living and dining rooms. The split floor plan provides privacy and creates ideal living for guests as well as for family members. The enclosed carport offers dual purpose: if not to park your vehicle in this space, this could easily become your favorite all-season room taking advantage of the existing glass sliders that open directly into the main living area. The washer & dryer are housed in their own room at the back of the carport, allowing convenience as you move about your day. And then there is the private pergola surrounded by trees, neatly designed on the side of the unit to offer a private sanctuary where your barbeque will fit perfectly, as will your chaise lounges, and patio plants and whatnots. If this all sounds too good to be true, then schedule your visit today to see for yourself this wonderful condo and its nature-filled environment and discover why this amazing community of residents make these units their forever homes.

3. 2026-03-30
   listed $219,900 Active
4. 2026-03-28
   listed $219,900 Active 2458-char remark

   Show marketing remark (2458 chars)

   Welcome to your future home in prestigious New Smyrna Beach! Country Club Chalets are the best kept secret in the city, where streetlights glimmer brightly every evening at dusk, just as our neighborhoods used to all over America. This small and well-maintained 55+ community is a rare, and friendly private neighborhood where the residents greet each other by name, dog lovers walk their fur babies daily and wave to all who pass by, and where neighborly kindness still exists. Exercise is embraced, and when the heat of Florida tries to take over, the huge swimming pool and clubhouse are the favorite go-to spots to cool down and enjoy one of numerous amenities that are included in the low monthly condo association fee. Secluded but close to everything, this spectacular nexus is just moments away from three major local golf courses, the best beaches in the area, intercoastal fishing and boating, shopping, restaurants, medical services, and most of all, care-free, and peaceful living. This best kept vibrant community whose side-by-side condos rarely go up for sale, is a must see. Just as this updated two-bedroom and two-bath condo with an enclosed carport and private side yard is an extraordinary value both for its uniqueness and price. New flooring, interior paint, remodeling of both bathrooms, and beautiful granite kitchen counters, all add quality to this slice of Florida heaven. The pine tongue-and-groove vaulted ceilings are stunning, adding a rustic and warm aesthetic to the living and dining rooms. The split floor plan provides privacy and creates ideal living for guests as well as for family members. The enclosed carport offers dual purpose: if not to park your vehicle in this space, this could easily become your favorite all-season room taking advantage of the existing glass sliders that open directly into the main living area. The washer & dryer are housed in their own room at the back of the carport, allowing convenience as you move about your day. And then there is the private pergola surrounded by trees, neatly designed on the side of the unit to offer a private sanctuary where your barbeque will fit perfectly, as will your chaise lounges, and patio plants and whatnots. If this all sounds too good to be true, then schedule your visit today to see for yourself this wonderful condo and its nature-filled environment and discover why this amazing community of residents make these units their forever homes.

5. 2014-12-01
   soldstatus $56,000
6. 1991-03-01
   soldstatus $45,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $619 · $52/mo
• Projected year-2 tax: $1,825 · $152/mo
• Expected delta: +$1,206/yr (+$101/mo · 194.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 76% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,267
• − Mortgage interest: −$12,318
• − Property taxes: −$619
• − Insurance: −$1,897
• − Repairs & maintenance: −$2,021
• − Management: −$2,021
• − HOA: −$4,500
• − Depreciation: −$6,397
• Taxable loss: −$4,506
• Est. tax savings @ 24.0%: +$1,082
• After-tax cash flow: $188/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Volusia
• NCES district ID: 1201920
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $42,946
• Composite: 39.2/100
• National rank: #4019
• State rank: #47 of 73 in FL

Livability — New Smyrna Beach

• Score: 69/100
• State rank: #474
• US rank: #8577

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment B Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Smyrna Beach, FL
• County: Volusia County · 556,871 people
• City population: 42,039
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 31,847
• Household income: $77,083
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1139.0

Population outlook (Volusia County) Hauer SSP2

• Today (2025): 572,749 people
• By 2030: 598,695 · +4.5%
• By 2040: 644,880 · +12.6%
• By 2050: 681,451 · +19.0%
• By 2075: 759,957 · +32.7%
• By 2100: 778,902 · +36.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Black 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 4% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Volusia

• 2024 margin: Strong R (+21.8) · D 38.7% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.7pp · 2024: -21.8pp
• All cycles: 2024: R+21.8 2020: R+14.1 2016: R+13.1 2012: R+1.2 2008: D+5.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.58%
• Current HPI: 350.4259
• Rent YoY: ▲ 5.60%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+388.7% since first listed

6 events — show timeline

• 2026-04-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-26 Pending — Daytona MLS
• 2026-03-30 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-28 Listed $219,900 Daytona MLS
• 2014-12-01 Sold (Public Records) $56,000 Public Records
• 1991-03-01 Sold (Public Records) $45,000 Public Records

Property tax history

-3.3%/yr

Latest (2025): $619 · +55.8% YoY. Source: county tax records.