Tour
$4,394 Closing Credit¹
#S5123711, Yasmin Abreu, Listing Office: COLDWELL BANKER REALTY
$365,000 List price
127 W Palmetto Ave Deland, FL 32720
$4,334
Closing credit¹
4 beds
2 full, 1 partial
1,118 sqft
0.3 acres
$326 / sqft
House
Property details
About 127 W Palmetto Ave
Perfect House Hack Opportunity – Live in One, Rent the Other! Welcome to 127 W Palmetto Ave, Deltona – a rare find offering a primary home + fully equipped ADU, perfect for savvy homeowners or investors looking for cash flow. Situated on a spacious lot in a quiet, established neighborhood, this unique property blends comfort, flexibility, and income potential. Seize this high opportunity featuring two fully functional living spaces: a 3-bed, 1.5-bath main home and a 1-bed, 1-bath guest house. This income-generating property is perfectly positioned in DeLand’s sought-after Hillcrest neighborhood, just minutes from Stetson University and historic downtown, ensuring strong tenant demand. Key Investment Highlights: Dual-Income or live in one home and rent the other! Main house tenants are leaving at the end of April 2025, ADU tenant’s lease ends in February 2026 Recent Upgrades – Main home water heater (2023), roof (2022), and updated electrical panel, plus a large bonus room for added versatility. The guest house was fully renovated in 2021, with further updates in Dec. 2024, including a brand-new shaker kitchen, stainless steel appliances, a washer & dryer, fresh paint, and a new AC unit. Low-Maintenance & Move-In Ready – Both homes now feature NEWER metal roofs, separate electric meters, and a spacious lot with ample parking. Flexible Use Options – Ideal for pure investment, house hacking (live in one unit while renting the other), or multi-generational living. Prime Location: • Nestled in Hillcrest, a highly desirable area in DeLand. • 1.6 miles from Stetson University • Close to boutiques, cafés, and cultural events in historic downtown. This potential cash-flowing, low-maintenance property is an excellent addition to any investor’s portfolio or a smart choice for a primary homeowner looking to offset costs with rental income. Don’t miss out on this rare opportunity—schedule your private tour today!
Highlights
Home typeSingle Family Residence
HeatingElectric
StatusActive
CoolingCentral Air
Size1,118 sqft
Lot size0.28 Acres
Year built1962
MLS #O6269152
Virtual tour
Summary
- MLS Number: O6269152
- MLS Name: MFRMLS
- Office Name: DMIC INVESTMENTS LLC
- Listing Agent: Kissandra Macanthony
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 11:19:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$365,000
127 W Palmetto Ave
$4,334
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 02, 2020 | Home Sold | $165,000 |
| Mar 22, 2007 | Home Sold | $175,000 |
| Feb 24, 2005 | Home Sold | $115,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $259,511 | $5,334 |
| 2022 | $241,720 | $4,130 |
| 2021 | $158,960 | $4,130 |
| 2020 | $138,588 | $3,710 |
| 2019 | $101,340 | $2,951 |
| 2018 | $92,127 | $2,852 |
| 2017 | $97,245 | $2,541 |
History based on county public records data.
Nearby schools
4
George W. Marks Elementary School
Public District KG-5
0.7 mi
•1000 N Garfield Ave
5
Citrus Grove Elementary School
Public District KG-5
2.0 mi
•729 Hazen Rd
3
Blue Lake Elementary School
Public District PK-5
2.3 mi
•282 N Blue Lake Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,083. Residents of Deland, FL typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
43%
35k-100k
17%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
36%
Single, No Kids
8%
Single, with Kids
35%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
39%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Extreme Sports
Figure Skating
Where do the neighbors shop?
Stein Mart
Academy Sports & Outdoors
Dick's Sporting Goods
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Arbys
What do the neighbors drive?
Lincoln
Chevrolet
Buick
What do the neighbors listen to?
News/Talk/Information
Country
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 127 W Palmetto Ave
This home is located at 127 W Palmetto Ave in Deland, FL and zip code 32720 in the Hillcrest neighborhood. This 1,118 square foot home, which was built in 1962, sits on a 0.28 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $365,000.
In March 2025, from all listings sold in Deland, FL there were more than 16 sold above asking price, over 70 sold below and more than 22 were sold right at the asked price. Between February and March 2025, Deland, FL real estate market has seen increase in the number of listings by 6.4%. The median list price of listings available in March 2025 was $350,640, while the average time on the real estate market was 73 days.
From Rocket Homes Real Estate and based on county public records data.