440 S Caroline Street, Daytona Beach, FL 32114

$215,000

Property Type: Land & Docks Lot Size (sq. ft.): 32,234 Status: Active

Current Price: $215,000 List Date: 8/08/2026 Last Modified: 11/12/2026

Overview

Description

The property is ideally located less than 10 minutes from the beach and in close proximity to major thoroughfares including I-95 and Hwy A1A. It’s also near Daytona Beach International Airport, Daytona State College, Bethune-Cookman University, and top-rated schools such as Spruce Creek High and Tomoka Elementary. This offering presents a significant opportunity to develop a new rental property with strong income potential ( 7.5% cap rate) in a desirable, well-connected location. The owner is including the architectural concept design approved by the authorities. PROPOSED PROJECT TO BE DONE IN THE LAND: 8 APARTMENTSFEASIBILITY ANALYSIS:8 apartments, Area per unit: 754 sqft, Total area of construction: 6,032 sqft, Cost per each sqft: $150A 13.12% capitalization rate (cap rate) on a proposed project to be done in the landAvailable upon request. PRICE NEGOTIABLE

Listing Details MLS# A12066391

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: Yes
Lot Size Acres: 0.74
Lot Size Square Feet: 32234.4
Lot Size Dimensions: 0.74
Direction Faces: North
LP/SqFt: 6.67

Property Features

Current Use: Residential; Unimproved; Other Development Status: Other Documents Available: Other Available Information; Plans Other Structures: None Possession: Negotiable Trees: Partial Tree Coverage Vegetation: Brush Listing Terms: Cash; Conventional; Owner Will Carry; Other Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Water Source: Public Showing Requirements: Call Listing Agent; No Appointment Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 325000
LP/Acre: 290540.54

Location and Legal

Country: United States
County Or Parish: Volusia
County Parish Name: Volusia
Street Number: 440
Street Direction Prefix: S
Street Name: Caroline
Street Suffix: Street
City Name: Daytona Beach
Municipal Code: 74
State Or Province: FL
Postal Code: 32114
Postal Zip: 32114
Subdivision Name: DAYTONA GARDENS PLAT 6
Area: 5940 - Other Florida County
Geographic Area: PB11
Parcel Number: 523907420120
Lot/Track Number: 0120
Subdivision Number: 7
Multiple Offers Accepted: Yes

Financial Information

Tax Year: 2025
Tax Annual Amount: 1024
Tax Legal Description: 39-15-33 LOTS 12 TO 15 INC BLK 42 DAYTONA GARDENS PLAT 6 MB 10 PG 76 OF HODGMANS DAYTONA M B 2 PG 82 MB 12 PG 13-15 PER O R 2286 PG 0432 PER

Status Change Information

Major Change Timestamp: 2026-10-30T01:02:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-30T01:02:11Z
Status Change Date: 2026-08-08

More Information

Price Calculations

Current Price To SqFt: 6.66

Section Details

Parcel Number MLX: 42

Originating Details

Originating System Key: 540811850
Originating System ID: M00000151

Listing Office: SFRMC Realty

Last Updated: November - 12 - 2026

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440 S Caroline Street, Daytona Beach, FL 32114 (MLS# A12066391)