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ActivePrice improved $96,00045 days on market
$314,000$410,000
400 PALM AVEORMOND BEACH, FL 32174TOMOKA ESTATES UNIT 05 · Single Family Residence
3Beds
3Baths
2,360Sq ft
0.24 acLot
1978Built
YesWaterfront
About this home
Short Sale. BANK-APPROVED SHORT SALE - Canalfront Home in Ormond Beach on 73 X 145 LOT. Across the street is a community boat launch. The main house features two bedrooms and two bathrooms, while the mother-in-law suite comprises two rooms, a bathroom, and a mini kitchen. FLOOD ZONE AE. The house flooded twice during unprecedented hurricanes. REPAIRS MADE thereafter. ROOF 2016. 48-hour notice from listing agent to owner - tenant occupied. This bank-approved price is 22 percent less than the market value.
Description as provided by the listing brokerage.
Highlights
- Water frontage — Canal - Brackish
- Private Mailbox
- Ceiling Fans(s)
- Shingle
- Ceramic Tile
The details
StatusActive
MLS #MFRO6314225
Property typeSingle Family Residence
Year built1978
Lot size0.24 ac
Living area2,360 sq ft
Price per sq ft$133
CDDNo
Taxes$3,039 (2024)
StoriesOne
Days on market45
CountyVolusia
Flood zoneAE (verify)
ListedMay 29, 2025
Features & property details
Interior
Full baths3
Half baths0
Rooms4
FlooringCeramic Tile
AppliancesElectric Water Heater
Interior featuresCeiling Fans(s)
LaundryInside
FireplaceNo
CoolingCentral Air
HeatingCentral
In-law suite1
In-law suite details1 Bathroom,1 Bedroom,Kitchenette
Exterior & lot
Exterior featuresPrivate Mailbox
Lot dimensions73X145
FacesSouth
Road surfaceAsphalt
Construction
ConstructionFrame
FoundationSlab
RoofShingle
Living area sourcePublic Records
Building area (sq ft)2,728
Parking
GarageNo
CarportNo
Pool & water
WaterfrontCanal - Brackish
Water accessCanal - Brackish
Water viewCanal
Waterfront feet0
Community & HOA
Total monthly fees$0
Total annual fees$0
55+ communityNo
Minimum lease1 Month
Lease restrictions1
Lease notesVolusia County allows 1-month rentals; please verify with the county.
DevelopmentTomoka Estates
Utilities & efficiency
UtilitiesElectricity Connected, Sewer Connected, Water Connected
SewerSeptic Tank
Water sourceWell
Financial & terms
CDD0
Tax year2,024
Homestead1
Listing termsCash, Conventional
OwnershipFee Simple
Special conditionsShort Sale
PossessionClose Of Escrow
ZoningR-4
OccupantTenant
MLS area32174 - Ormond Beach
Where it sits
Approximate location shown. Exact address available on request per listing brokerage.
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Stellar MLSMLS# MFRO6314225Listing courtesy of SHELL REALTYLast updated Sep 27, 2026, 3:56 PM