$299,000

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… Read More 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 property is being offered strictly AS-IS and presents an excellent opportunity to renovate and create value in a desirable beachside location. Whether you are an investor searching for your next renovation project, a cash buyer looking for a beachside opportunity, or a qualified buyer interested in the existing 2.25 percent interest rate. VA assumable mortgage, 401 Driftwood Avenue deserves a closer look. All property, mortgage, solar financing, payment, balance, interest rate, maturity date, property condition, dimensions, improvements and other information provided herein is believed to be accurate but is not guaranteed. Buyer and buyer's agent are responsible for conducting their own independent due diligence and verifying all information deemed important to the buyer, including but not limited to property condition, measurements, zoning, permitting, renovation potential, financing terms, loan assumption requirements, lender approval, VA eligibility and requirements, solar loan terms, utility costs, taxes, insurance and intended use. Buyer should independently confirm all financing information with the appropriate lender/provider. VA mortgage assumption is subject to buyer qualification and approval by the existing lender and all applicable requirements. Property is being sold AS-IS. Read Less

Courtesy of Premier Sotheby's International Realty.

Listing Snapshot

Days Online

155

Last Updated

Sep 27, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

2,355

Lot Size

0.27 Acres

Year Built

1952

MLS Number

1225694

Additional Details

Property Access

Frontage Type: City Street, Road Surface: Asphalt

Appliances & Equipment

Washer, Refrigerator, Electric Range, Dryer

Building

Built in 1952, Living area: 2355.0, Building faces South, Levels: Two, Entry level: 2, Construction Materials: Block, Wood Siding

Cooling

Central Air

Exterior Features

Patio/Porch Features: Deck, Front Porch, Balcony, Impact Windows

Fence

Wrought Iron

Floors

Wood

Foundation

Block

Garage

2 spaces

Heating

Central, Electric

Interior Features

Pantry

Lot

0.27 acres, Dimensions: 95.0 ft x 125.0 ft, Corner Lot, Sprinklers In Front

Parking

Garage

Property

Fixer, Ocean, Trees/Woods

Roof

Membrane

Sewer

Public Sewer

Taxes

Parcel Number: 4236-06-03-0100, Annual Amount: $1,952.83, Legal Description: LOT 10 BLK 3 SEC A WHANORSHAM UNIT 1 MB 11 PG 253 PER OR 5183 PG 0203 PER OR 6458 PGS 2135-2136 PER OR 6590 PG 3928, Year: 2025

Utilities

Electricity Connected, Sewer Connected, Water Connected, Water Source: Public

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