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2040 Ocean Shore Blvd | Ormond Beach 2040 Ocean Shore Blvd 12 Unit Apartment Building $2,700,000 ($225,000/Unit) Ormond Beach, FL 32176
Investment Highlights
- Steps from beach access
- Conceptual plan supports 3-level attached residential product
- High land scarcity along Ocean Shore Blvd
Executive Summary
Prime Coastal Redevelopment Opportunity
Prime coastal redevelopment opportunity on the North Peninsula. 2040 Ocean Shore Blvd offers a 1.02-acre corner parcel along A1A, just steps from direct beach access and surrounded by established residential communities. The property is zoned R-8 with Urban High Intensity FLU, providing a clear path for a boutique attached residential project. The conceptual site plan illustrates a three-level layout with 20' x 40' units, required buffers, and 31' height-based setbacks, giving developers immediate clarity on density and design potential.
The North Peninsula continues to experience strong demand for modern coastal housing, driven by limited new construction supply, high land scarcity, and steady absorption of 3–10 unit infill projects. Buyer profiles include second-home purchasers, downsizing locals, and out-of-state relocators seeking walkability and ocean proximity. Adjacent communities such as Starboard Light demonstrate market acceptance of attached coastal product and support premium pricing for new construction.
This site offers excellent visibility at Ocean Shore Blvd and Ocean Crest Dr, walkable access to the beach, and a development-ready framework supported by engineering concepts. Ideal for a boutique developer seeking a rare coastal infill parcel with strong long-term appreciation potential and multiple exit strategies, including fee-simple townhomes or condo-mapped units.
1.02-acre corner parcel on Ocean Shore Blvd (A1A)
Steps from direct beach access and walkable coastal amenities
Rare North Peninsula infill site with strong demand for new construction
Zoning & Development Framework
Zoning: R-8 | FLU: Urban High Intensity
Conceptual plan supports 3-level attached residential product
Height-based setbacks shown on conceptual plan: “12' + 1'/FT above 25' = 31'”
Required buffers and circulation already illustrated in engineering concept
Prime coastal redevelopment opportunity on the North Peninsula. 2040 Ocean Shore Blvd offers a 1.02-acre corner parcel along A1A, just steps from direct beach access and surrounded by established residential communities. The property is zoned R-8 with Urban High Intensity FLU, providing a clear path for a boutique attached residential project. The conceptual site plan illustrates a three-level layout with 20' x 40' units, required buffers, and 31' height-based setbacks, giving developers immediate clarity on density and design potential.
The North Peninsula continues to experience strong demand for modern coastal housing, driven by limited new construction supply, high land scarcity, and steady absorption of 3–10 unit infill projects. Buyer profiles include second-home purchasers, downsizing locals, and out-of-state relocators seeking walkability and ocean proximity. Adjacent communities such as Starboard Light demonstrate market acceptance of attached coastal product and support premium pricing for new construction.
This site offers excellent visibility at Ocean Shore Blvd and Ocean Crest Dr, walkable access to the beach, and a development-ready framework supported by engineering concepts. Ideal for a boutique developer seeking a rare coastal infill parcel with strong long-term appreciation potential and multiple exit strategies, including fee-simple townhomes or condo-mapped units.
1.02-acre corner parcel on Ocean Shore Blvd (A1A)
Steps from direct beach access and walkable coastal amenities
Rare North Peninsula infill site with strong demand for new construction
Zoning & Development Framework
Zoning: R-8 | FLU: Urban High Intensity
Conceptual plan supports 3-level attached residential product
Height-based setbacks shown on conceptual plan: “12' + 1'/FT above 25' = 31'”
Required buffers and circulation already illustrated in engineering concept
Data Room Click Here to Access
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 10 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3227-03-01-0100 | Improvements Assessment | $513,326 |
| Land Assessment | $401,750 | Total Assessment | $915,076 |
Property Taxes
Parcel Number
3227-03-01-0100
Land Assessment
$401,750
Improvements Assessment
$513,326
Total Assessment
$915,076
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