5 RIVERWALK DRIVE UNIT 506, NEW SMYRNA BEACH, FL, 32169
Active7 days on marketListed Aug 1, 2026MLS #O6424134
About this home
5 RIVERWALK DRIVE UNIT 506
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.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,384
Sqft
0.35 ac
Lot size
1
Garage
2017
Year built
One
Levels
$408
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,493 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,493/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−25.1%
$/sqft vs New Smyrna Beach actives
$408 vs $378
Days on market
7 vs 68 typical
Where $408/sqft sits among the 400 New Smyrna Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Coronado Island
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know New Smyrna Beach. See the full New Smyrna Beach guide →
Coronado Island — neighborhood snapshot
Population
1,002
Median age
62
Median income
$79,564
Median home value
$622,700
Avg household
2
Households w/ children
61%
For the school run
Volusia County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The New Smyrna Beach market
$448K → $424K
New Smyrna Beach median sold, yr/yr
95.6%
Sale-to-list ratio (12 mo)
208 of 400
New Smyrna Beach actives have cut their price
Median sold price, New Smyrna Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 9% above the NEW SMYRNA BEACH 32169 median. See the full New Smyrna Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 5 RIVERWALK DRIVE UNIT 506
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$559,000
3 RIVERWALK DRIVE UNIT 305 · same community
3 bd · 2 ba · 1,603 sqft · $349/sqft · 111 DOM
Sold · Nov ’25$375,000
314 HILLMAN STREET
3 bd · 1 ba · 1,277 sqft · $294/sqft · 236 DOM
Sold · Feb ’26$225,000
806 OLEANDER STREET
3 bd · 2 ba · 1,497 sqft · $150/sqft · 4 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5 RIVERWALK DRIVE UNIT 506 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5 RIVERWALK DRIVE UNIT 506 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
5 RIVERWALK DRIVE UNIT 506 FAQs
What would the monthly payment be for 5 RIVERWALK DRIVE UNIT 506?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,493/mo — principal and interest, the actual property-tax bill, the $750/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5 RIVERWALK DRIVE UNIT 506?+
The association fee works out to $750 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5 RIVERWALK DRIVE UNIT 506?+
The most recent tax bill on record (2025) was $3,870. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5 RIVERWALK DRIVE UNIT 506?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in New Smyrna Beach?+
At $565,000, this home is listed about 10% above the New Smyrna Beach median of $514,450. The market section on this page shows how the area is trending.
Which schools are assigned to 5 RIVERWALK DRIVE UNIT 506?+
New Smyrna Beach Middle School (middle), New Smyrna Beach High School (high), Coronado Beach Elementary School (elementary) — Volusia County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
02Know the monthly fee
The association fee is $750/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03Fresh on the market
Only 7 days on market in a New Smyrna Beach market that averages 68 — if it fits, move quickly.
04Strong assigned schools
New Smyrna Beach Middle School, New Smyrna Beach High School, Coronado Beach Elementary School — Coronado Beach Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS REALTY AT THE PARKS · Carmell Patterson. MLS #O6424134.
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New New Smyrna Beach homes, in your inbox
Like 5 RIVERWALK DRIVE UNIT 506 but not quite? A daily digest of every new listing in New Smyrna Beach — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Steeve to ping you on any price or status change →