507 N PENINSULA AVENUE, NEW SMYRNA BEACH, FL, 32169
Active456 days on marketListed May 16, 2025MLS #O6309664
About this home
507 N PENINSULA AVENUE
Great pportunity in the heart of New Smyrna Beach...NORTH BEACH. Experience beachside living at it's best with this thoughtfully updated and meticulously maintained residence, perfectly situated just steps from Flagler Avenue, the pristine white powered sand beach, and the tranquil Indian River. This 3 bedrooms / 2 bathrooms SPLIT-PLAN home with a GARAGE blends comfort, style, and convenience. Located on high ground and outside of any flood zone, this home requires no flood insurance, offering true peace of mind for second homeowners and full-time residents alike. From the moment you arrive, the circular pavered driveway, lush mature landscaping, and durable metal roof create an inviting first impression. Inside, the open-concept kitchen flows into a cozy dining nook and formal dining area great for entertaining. Highlights include rich wood flooring, recessed lighting, knockdown ceilings, motorized blinds, and hurricane-impact windows and doors throughout. Step outside to a fully fenced backyard with side gate access perfect for storing a boat, golf cart, or beach toys. An outdoor shower adds convenience after a day on the sand, while the covered front lanai and low-maintenance yard provide the perfect area to unwind. No HOA restrictions mean you can enjoy the coastal lifestyle on your own terms. Whether it’s morning walks to the beach, casting a line from the neighborhood dock, or relaxing on the lanai after a sunset stroll down Flagler Avenue, this home is an ideal blend of style, comfort, and lock-and-leave ease. Perfect as a second home, vacation rental, or full-time beach getaway—schedule your private tour today!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,425
Sqft
0.14 ac
Lot size
1
Garage
1962
Year built
One
Levels
$596
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,791 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,791/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+29.6%
$/sqft vs New Smyrna Beach actives
$596 vs $373
Days on market
456 vs 72 typical
Where $596/sqft sits among the 400 New Smyrna Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Central Beach
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know New Smyrna Beach. See the full New Smyrna Beach guide →
Central Beach — neighborhood snapshot
Population
1,843
Median age
62
Median income
$83,678
Median home value
$521,411
Avg household
2
Households w/ children
88%
For the school run
Volusia County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The New Smyrna Beach market
$448K → $424K
New Smyrna Beach median sold, yr/yr
95.6%
Sale-to-list ratio (12 mo)
216 of 400
New Smyrna Beach actives have cut their price
Median sold price, New Smyrna Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 62% above the NEW SMYRNA BEACH 32169 median. See the full New Smyrna Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 507 N PENINSULA AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$650,000
603 N Pine STREET · same community
3 bd · 2 ba · 1,733 sqft · $375/sqft · 826 DOM
Sold · Feb ’26$630,000
2121 HILL STREET UNIT 7B
2 bd · 2 ba · 1,460 sqft · $432/sqft · 232 DOM
Sold · Apr ’26$475,000
1 RIVERWALK DRIVE UNIT 202
2 bd · 2 ba · 1,384 sqft · $343/sqft · 688 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 507 N PENINSULA AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 507 N PENINSULA AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
507 N PENINSULA AVENUE FAQs
What would the monthly payment be for 507 N PENINSULA AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,791/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 507 N PENINSULA AVENUE?+
The most recent tax bill on record (2024) was $8,707. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in New Smyrna Beach?+
At $850,000, this home is listed about 62% above the New Smyrna Beach median of $525,000. The market section on this page shows how the area is trending.
Which schools are assigned to 507 N PENINSULA AVENUE?+
Coronado Beach Elementary School (elementary), New Smyrna Beach Middle School (middle), New Smyrna Beach High School (high) — Volusia County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$850,000 runs 62% above the NEW SMYRNA BEACH 32169 median.
02Time on market is leverage
456 days on market against a New Smyrna Beach median of 72 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Coronado Beach Elementary School, New Smyrna Beach Middle School, New Smyrna Beach High School — Coronado Beach Elementary School rates 5 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $1,195,000, now $850,000 — a $345K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of URBANISTA BROKERS · Anna Lohr. MLS #O6309664.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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