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Residential Land for Sale in New Smyrna Beach, Florida

108 S Myrtle Ave, New Smyrna Beach, FL 32168

$445,000
0.49 acres
Active
$5k drop
Est $3,485/mo

Development Opportunity - Zoned R-5. Situated just minutes from the vibrant Canal Street Historic District and a short ride to the beach, this cleared 0.45-acre lot is a prime canvas for new residential development. Zoned R-5 (Urban Single-Family Residential), the parcel allows up to three single-family or modular homes, each on a minimum 5,000 sq ft lot. With no structures to demolish, utilities nearby, and excellent street frontage (91 feet wide), the lot is ready for immediate subdivision and development. Whether you're a builder looking to create a small cluster of homes or an investor seeking strong long-term rental yield, 108 S Myrtle Ave offers flexibility, location, and real growth potential.

Located in one of New Smyrna Beach's most up-and-coming infill areas--close to shops, schools, dining, and the Intracoastal--this opportunity won't last long.

Location

Street address
108 S Myrtle Ave
Community
Grimsley & Healy in Lewis Homestead
Elevation
7 feet
Coordinates
29.0214, -80.9304

Directions

Head east on FL-44 E. Pass by AutoZone Auto Parts (on the right in 1.1 mi)

Turn left onto S Myrtle Ave.

Destination will be on the left.

Property details

Lot size
0.49 acres21,344 sq ft
Zoning
R5
MLS #
MFRMLS NS1085537
Posted

Property taxes

2024
$5,370

Parcels

  • 7418-09-00-0050

Legal description

Resources

Nearby schools

NameLevelDistrictDescription
Chisholm ElemElementary
New Smyrna Beach MiddlMiddle
New Smyrna Beach HighHigh

Listing history

DateEventPriceChangeSource
Aug 26, 2025Price drop$445,000$5,000 -1.1%MFRMLS
July 22, 2025New listing$450,000MFRMLS
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This 0.49-acre property is located at 108 S Myrtle Ave in New Smyrna Beach, FL 32168. The property is available for sale for $445,000.

Checked 8 mins ago — Updated

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