401 Driftwood Avenue, Daytona Beach, FL

PRICE REDUCED TO $299,000! Investor alert! This is a rare beachside value-add opportunity at 401 Driftwood Avenue, situated on a generous 0.27-acre corner lot with approximately 2,355 square feet, 3 bedrooms, 2 baths, a 2-car garage and ocean views from the primary bedroom. Located in an established beachside neighborhood just minutes from the Atlantic Ocean, this property offers tremendous potential for an investor, renovator or buyer looking to create a customized coastal residence. No HOA, city water and sewer. The existing home offers a spacious layout, original hardwood floors, abundant natural light, mature landscaping, a large upper-level walkout deck, and a unique spiral concrete staircase providing access between levels and the garage. Concrete block construction beneath the wood siding adds appeal for a renovation project. Existing improvements include a roof replaced approximately 2018/2019, two A/C systems installed approximately 2018 and 2021, a downstairs water heater approximately 6-7 years old, partial plumbing updates completed in 2022, well irrigation, multiple updated windows and solar panels. A significant additional benefit is the existing VA assumable first mortgage. The approximate current mortgage balance is $257,000 with an exceptionally attractive 2.25 percent interest rate, a principal and interest payment of approximately $1,197.97 per month, and a maturity date of May 2051. The VA mortgage is assumable by a qualified buyer, subject to approval and qualification with the existing lender and all applicable VA and lender requirements. Cash purchase is also welcomed. The existing solar financing also carries an exceptionally low 1.49 percent interest rate. The solar loan balance as of 8/17/2026 is approximately $49,165, with a monthly payment of $314.45 and a final scheduled payment date of 3/27/2041. The solar loan must be assumed by the buyer or paid in full by the buyer at closing, subject to applicable lender/provider requirements. This