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Joy By The Sea 2903 Hill St 7 Room Hotel New Smyrna Beach, FL 32169 $7,490,000 ($1,070,000/Room)

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INVESTMENT HIGHLIGHTS

  • Property fronts gulf or ocean
  • Outdoor Kitchen
  • 0.38 Acre Lot
  • Heated In Ground Pool
  • Coronado Beach Elementary School Rated 10
  • Stone Countertops

EXECUTIVE SUMMARY

A rare chance to acquire Joy by the Sea - New Smyrna Beach’s premier 5-star luxury vacation resort. This exclusive direct oceanfront property combines a fully renovated (2021) coastal estate with six upscale beachside villas and a direct oceanfront 4 bedroom, 4 bathroom pool home, creating a truly one-of-a-kind boutique resort experience. Spanning two lots in the heart of New Smyrna’s highly sought-after short-term rental district, Joy by the Sea offers unmatched flexibility and proven income performance. The private oceanfront home delivers unobstructed views, private beach access, and a resort-style pool and spa with a volleyball net, surrounded by expansive decks designed for entertaining and relaxation. Inside, you’ll find elegant living spaces, two balconies with breathtaking ocean views, an elevator, a fully stocked kitchen with a Nespresso machine, and four beautifully appointed bedrooms: a king suite with stunning ocean views, a wine chiller/beverage fridge and a Nespresso machine, a twin bedroom with a small private balcony, a queen bedroom, and an additional twin room. Outdoors, enjoy a covered patio with a dining table, a hot tub, lounge seating, and an outdoor kitchen featuring two built-in green egg grills, a custom-built concrete pizza oven, a custom-built large charcoal or wood fire grill, a beverage fridge, and a nine-person bar top. The home is also equipped with 5 Smart TVs and offers driveway parking for your vehicles. Directly across the street, six fully furnished bungalow-style villas surround a private saltwater pool and tropical courtyard, offering additional high-end accommodations. The villas include two one-bedroom units, each sleeping up to eight guests, and four studio villas, each accommodating four guests. Every bungalow features a fully equipped kitchen with a microwave oven, stove, sink, full-size refrigerator, and stackable washer and dryers, making them perfect for extended stays. Both the Ocean Front home and the six studio villas are backed up by 3 Generac Guardian 26kW Aluminum Home Standby Generators to ensure a comfortable stay during Florida's unpredictable weather. Celebrated for its impeccable design, premium finishes, and exceptional guest reviews, Joy by the Sea is ideal for family reunions, luxury vacations, weddings, corporate gatherings, and special events. Offered fully turnkey, the property conveys with all furniture, decor, and appliances, making it truly move-in ready. The oceanfront home provides private beach access, while the bungalows are just steps away from public beach access. Whether you’re seeking a trophy asset, a high-yield rental property, a private coastal retreat, or a strategic 1031 exchange, Joy by the Sea’s boutique scale, iconic presence, and turnkey condition make it one of Florida’s most unique and recognizable oceanfront properties. Offered as a complete package, this is an extraordinary opportunity to own a true coastal gem.

PROPERTY FACTS

Price $7,490,000
Price Per Room $1,070,000
Sale Type Investment
Sale Condition 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Building Size 6,612 SF
No. Rooms 7
No. Stories 3
Year Built/Renovated 1957/2021
Corridor Exterior

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 7 $1,676 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7422-01-20-0150
Land Assessment
$950,000
Improvements Assessment
$704,368
Total Assessment
$1,654,368
  • Listing ID: 37366814

  • Date on Market: 8/21/2025

  • Last Updated:

  • Address: 2903 Hill St, New Smyrna Beach, FL 32169

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