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5 RIVERWALK DRIVE UNIT 506

Condo/Co-op For Sale
$565,000

BTC: 7.38562092

ETH: 235.41666667

19 days
Waterfront
2 bds
2 ba
1,384 sqft

Overview

Welcome to coastal living at its finest at this Gated Waterfront Community. 5 Riverwalk Unit 506 is a beautifully updated 2 Bedroom/2 Bathroom home that blends modern interior enhancements with one of New Smyrna Beach’s most sought-after locations. Inside, the main living area features a newly added shiplap accent wall that adds warmth and architectural charm. The kitchen offers a eat in bar area and a spacious living room that shine with new contemporary light fixtures, and fresh interior paint creates a crisp, inviting, move-in-ready feel. The master bathroom has been thoughtfully updated with a larger walk-in shower and a modern soaking tub, bringing a spa-like experience into your daily routine. Custom closets are in both the Master and Guest Closets. One of the home’s most captivating features is the water view patio, accessible from both the living room and the master bedroom. Unwind while watching amazing sunsets, spot dolphin playing in your backyard, and enjoy a picturesque view of the iconic Ponce Inlet Lighthouse. This outdoor space truly captures the magic of living on the water. Beyond the home itself, Riverwalk places you in the heart of New Smyrna Beach—just minutes from the Intracoastal Waterway, historic Canal Street, waterfront parks, boutique shopping, locally planned events and the vibrant dining scene that makes NSB so beloved. Whether you enjoy boating, biking, golf carting, strolling along scenic paths, or relaxing by the shore, this location delivers unmatched convenience and coastal charm. Unit 506 offers modern upgrades, breathtaking views, and a prime position in one of Florida’s most desirable beach towns—an exceptional opportunity for anyone seeking comfort, style, and the true New Smyrna Beach lifestyle. Riverwalk offers resort like features with a large Clubhouse Theatre Room, Fitness Room, Fire Pit, Bocce, Shuffleboard, Pickle Ball and Tennis. Boat slips are available for purchase. Looking for a weekend get a way, full time Condo living or an Investment, this unit has the best view in Riverwalk that is currently on the market.(Brand new refrigerator purchased June 2026, this unit also includes 2 kayak spots in the garage)

Location

Details

Type:
Residential
Parking:
Under Building
Year Built:
2017
Lot:
0.35 Acres
Heating:
Central
Price/sqft:
$408
Cooling:
Central Air
HOA:
$750

Valuation

Our model vs. what's actually selling nearby.
Estimate
$549,000
$480K – $599K
Confidence Medium
List vs. estimate
$16K above estimate
List $565,000 · +2.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$408
-7.6% vs. city median $441
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,869
2025
HOA
$750/mo
Cable TV, Internet, Maintenance Structure
View
Water
Waterfront
Intracoastal Waterway
Garage
1 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Split Bedroom

    • Stone Counters

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Under Building

    Property

    • Levels: One

    • Exterior Features: Balcony / Fire Pit / Lighting / Outdoor Grill / Private Mailbox / Sidewalk / Sliding Doors / Storage / Tennis Court(s)

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 741719005060

    • Zoning: CONDO

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Public

  • Other financial information

    • HOA: $750

    • HOA Frequency: Monthly

    • Annual tax amount: $3,870

  • Source details

    • MLS ID: O6424134

    Other facts

    • Construction Materials: Block / HardiPlank Type

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Conservation Area / Landscaped / Sidewalk

    • Patio And Porch Features: Rear Porch

    • Window Features: Blinds / Drapes

    • Direction Faces: South

    • Other Structures: Tennis Court(s)

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1384

    • Water Source: Public

    • Subdivision Name: RIVERWALK/CORONADO ISLAND BLDG

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY AT THE PARKS