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127 W Palmetto Avenue

DeLand, FL 32720

4 beds
3 baths
1,118 sqft
12,607 sqft lot
$326 per sqft
1962 build
– on site

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!

Listing courtesy of STELLAR_MLS / DMIC INVESTMENTS LLC

Last checked: Checking… • Last updated Apr 10, 2025 •

MLS# O6269152 —

The Building

Year Built:

1962
New Construction:

false
Construction Materials:

Block
Levels:

One
Stories Total:

1
Roof:

Metal
Foundation Details:

Concrete Perimeter
Building Area Total:

1601
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Living Room/Dining Room Combo
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

1118
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

North on Woodland. Left on W. Palmetto Ave. House is on the right just before HWY 92.
Latitude:

29.052146
Longitude:

-81.305725
Coordinates:

-81.305725, 29.052146

The Property

Parcel Number:

04173006010190
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size Acres:

0.28
Lot Size Area:

12607
Lot Size SqFt:

12607
Lot Size Dimensions:

75 x 138
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R-4
Direction Faces:

East
View:

false
Exterior Features:

Garden
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

19
Tax Block:

A
Tax Legal Description:

4 17 30 LOT 19 & LOT 20 EXC E 11 FT OF S 77 FT & W 12 FT OF N 61 FT OF LOT 21 BLK A HILLCREST PER OR 5267 PG 2721 PER OR 5497 PG 3077 PER OR 6029 PG 0755 PER OR 7796 PG 0992 PER OR 8286 PG 3299
Tax Book Number:

MB6-244
Tax Annual Amount:

5605.52

Beds

Bedrooms Total:

4

Baths

Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Half Baths:

1

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6269152
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Inside

The Community

Subdivision Name:

HILLCREST
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

2
Covered Spaces:

2

Monthly cost estimate

Asking price

$365,000

Expense	Monthly cost
Mortgage	$1,954
Taxes	$467
Insurance	$100
Utilities	$174 See report
Total	$2,695/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

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Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

AT&T Fiber

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/10/25 Mar 10, 2025	Price Changed	STELLAR_MLS	$365,000	-2.7%
2/11/25 Feb 11, 2025	Price Changed	STELLAR_MLS	$375,000	-1.3%
1/27/25 Jan 27, 2025	Listed / Active	STELLAR_MLS	$380,000	17.0% (6.2% / YR)

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This house located in Hillcrest, DeLand, FL 32720 is currently for sale for $365,000. 127 W Palmetto Avenue is a 1,118 square foot house with 4 beds and 3 baths that has been on Estately for 79 days. 127 W Palmetto Avenue is in the Hillcrest neighborhood of DeLand and has a WalkScore® of 55, making it somewhat walkable.

Listing Courtesy of: STELLAR_MLS and DMIC INVESTMENTS LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.