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26756996
26757008

301 Live Oak Street, New Smyrna Beach, FL 32168

$1,390,000
277 days on market
Updated 20 days ago

New Smryna Beach Triplex Zoned Quad STR SELLER FINANCING

Details
Property Type Business for Sale, Mixed Use (+1)
Sub Type Business and Building
Square Footage 3,448
Units 3
Occupancy 100%
Pro-Forma NOI $70,000
Broker Co-Op No
Year Built 1918
Buildings 2
Stories 2
Lot Size (SqFt) 10,000
Zoning MIXED
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Multi-Unit (3) STR Investment – The Oasis, New Smyrna Beach

Marketing description

The Oasis is a proven, high-performing investment property located in the heart of New Smyrna Beach’s highly coveted Short-Term Rental District. Just two blocks from the bustling restaurants, shops, and waterfront of Canal Street and Riverside Park, this multi-unit corner-lot property delivers a blend of established income, guest appeal, and growth potential that few assets can match.

Already grossing over $100,000 annually, The Oasis offers new ownership immediate financial security. Even better, there is $40,000+ in forward bookings secured in 2026 alone, meaning guaranteed cash flow continues seamlessly from day one of acquisition. This strong booking pipeline proves consistent demand and eliminates the typical “ramp-up” risk investors face with new STR acquisitions.

Adding to its credibility, the property’s main house (4BR/3BA) has earned a reputation as one of the Top 1% performing Airbnbs in the area. Being a Airbnb superhost with 70 guest reviews and an outstanding 4.91-star average rating, this unit is a short-term rental powerhouse that consistently commands premium nightly rates. Guests are drawn not only to its spacious layout but also to the heated pool, spa, and hidden-away poolside bar, which make for a highly marketable experience that outshines competing rental offerings.

On the east side of the property sits a occupied duplex (1BR/1BA + studio), leased to reliable long-term tenants and fully furnished for short term rental. These units provide investors with dependable baseline cash flow and peace of mind. Importantly, with the property’s Mixed Use zoning, all units are eligible for conversion to short-term rentals should ownership decide to maximize returns. This built-in flexibility allows for multiple strategies, whether keeping the duplex for steady income or transitioning it to STRs for significantly higher nightly rates.

As if that weren’t enough, an oversized 28x32 garage stands as a value-add opportunity. With ample square footage (+/- 894 sqft.) and ceiling height, it can easily be envisioned as a future 2-bedroom, 2-bathroom unit, creating an additional stream of revenue and further elevating the property’s net operating income. This expansion potential, combined with its proven performance, positions The Oasis as both a cash-flowing asset today and a scalable investment for tomorrow.

All information is deemed reliable but not guaranteed. Buyers and representatives must independently verify all details, zoning, and financials.

Investment highlights

Investment Highlights:

  • Top 1% Airbnb performer with 70+ reviews and a 4.92 average rating
  • $100K+ annual gross income already generated
  • $75,000+ in projected NOI 2026
  • $40,000+ in forward STR bookings secured through 2026
  • Mixed Use Zoning – permitted for up to 4 units
  • Main House: 4BR/3BA STR with strong guest demand and premium amenities
  • Conversion Potential: all units eligible for STR if desired
  • Expansion Opportunity: 28x32 garage can be reimagined into a 2BR/2BA unit
  • Turnkey Operations: established cleaning/maintenance staff available to stay on
  • Prime Location: walkable to Canal Street shops, dining, galleries, and the waterfront

Why This Deal Works:

The Oasis is already a top-tier performer, ranking in the top 1% of Airbnbs globally and maintaining a near-perfect guest rating. With proven gross income exceeding $100K, $40K in forward bookings, long-term tenants in place, and zoning that allows all units to be STR, investors step into a property that offers both stability and scalability. Add in the garage conversion potential, and this becomes one of the rarest investment opportunities in the New Smyrna Beach market.

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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