OWNER FINANCE-Direct Ocean Front-1 million Equity!

This incredibly spacious 5,255 square foot, Single Family property is located DIRECTLY on the Ocean in New Smyrna Beach, Florida and is OWNER FINANCED!

Divorce forces this sale. The property is in a Trust corporation and we own 70% interest. The equity (in today's market) in $1 million. This property features a HUGE, multi-level wrap around deck with spectacular views.

It is three stories, fully furnished, two fireplaces, four bedrooms, three baths, PLUS A STUDIO APARTMENT with kitchenette and direct Ocean Views. This makes a fabulous Second/Investment home -- even a corporate retreat that takes in vacation rental income and maintains itself.

This OWNER FINANCED property, by virtue of the corporate setup, is a perfect property to put on the Fractional Real Estate Market. Sell all shares and make a mint or sell only some and retain a couple for yourself! Fractional sales take 12-24 months to complete and we just do not have the time.

If you were to finance this today (if you could find a real loan) the down payment alone would be $400,000, not to mention closing costs and the interest would be 8-10% for investment property.

#1- $1.6 million buy. Appraised FOUR MONTHS ago for 2.8 million that is $355/per square foot!

#2- FULLY furnished & equipped.

#3- Has four bicycles, four fishing rods, all of the beach toys, DVD's & TV's and foose ball and beach toys and jacuzzi on the property.

#4- The property is marketed through T.K.Welty and Working Cat, LLC and has vacation rental STRONG Bookings @ $2,800 per week.

#5- It is in a PRIMO location - half a mile from the beach town and one mile from historic downtown New Smyrna Beach.

#6- It is a 4 bedroom / 3 bath and has an additional 1/1 apartment w/ kitchen.

#7 - Gorgeous Ocean Front Decks in the back facing the Ocean, and decks in the front of the property.

#8 - The Payments are the former Owner's payments of $6,000/month. The total nut on this property, Mortgage TAXES, Insurance, Cable, Utilities is $7,200/month. This is UNHEARD of; unbelievably low monthly output.

#9 - This property has TWO fireplaces & four car garage.

#10 - Unlike many of the other properties, it can also, in the furniture, be marketed as an Owner Occupied because of the fact that it is user friendly, A-rated school district, has long driveway (can accommodate 6 cars aside from the garage)

Terms: ***OWNER FINANCE Buy is 125,000 down, step into our Ownership interest/70% of shares. This is an AWESOME deal!!

The property, unlike ALL of our others, has a positive cash flow of $3,000/month average.

TO SEE MORE PHOTOS OF THIS PROPERTY, CLICK ON THE "SLIDESHOW" TAB ABOVE THE THE MAIN PHOTO ABOVE!!