Daytona Beach, Florida

Madison Pointe Apartments

240

Residential Units

Sold 2021
Aerial view of a large mixed-use development featuring two residential communities and a retail shopping center. Madison Pointe, labeled with 240 units, consists of several four-story apartment buildings with red and white accents. Adjacent to it is Tomoka Pointe, labeled with 276 units, featuring multiple three-story buildings arranged around a central pond. In the foreground is Tomoka Town Center, a retail complex with large anchor stores such as Ross, TJ Maxx, and Five Below, along with a spacious parking lot filled with cars. A dense forest lies beyond the residential areas.
Aerial view of Madison Pointre Apartments with uniform four-story apartment structures, wide driveways, multiple parking lots, and landscaped green areas. The property is bordered by a main road with designated bike lanes and turning lanes, and it is situated near retail and commercial buildings in the background.
A four-story modern apartment building with a flat roof and orange-and-white exterior panels. Each unit features large windows and private balconies. The building is surrounded by a neatly landscaped area with green grass, shrubs, and a sidewalk adjacent to a parking lot with marked spaces, including accessible parking.
Ground-level view of a luxury apartment pool area at sunset, featuring a large pool with poolside lounge chairs, red umbrellas, and palm trees. A clubhouse with large glass windows and a modern four-story apartment building are illuminated in the background.
Aerial view of Madison Pointre Apartments showing a central courtyard with a large rectangular swimming pool, lounge chairs, red umbrellas, and palm trees. Surrounding the courtyard are multiple four-story apartment buildings with parking lots and walking paths.
Modern apartment community lounge featuring a large beige sectional sofa with colorful throw pillows, a wooden coffee table with decorative accents, and a pool table in the background. The room has large windows and glass doors allowing natural light to fill the space.
Outdoor seating area with green Adirondack chairs arranged around circular white fire pits on a paved patio, surrounded by well-maintained lawns and palm trees. Modern four-story apartment buildings with balconies are visible in the background under a clear blue sky.
Outdoor swimming pool with clear blue water, surrounded by lounge chairs and umbrellas; includes a shaded cabana area and is set against a backdrop of modern apartment buildings with palm trees.
Bright, modern apartment kitchen with white cabinetry, stainless steel appliances, and a central island with bar seating; open layout leads into a living room featuring a colorful rug, a red accent chair, and contemporary decor.

Property Overview

Madison Pointe represents the 2nd phase of apartments within Tomoka Town Center. Madison Pointe received its certificate of occupancy in November 2020 and was fully stabilized by the end of May 2021, representing an average absorption of ~35 units per month. The property was sold in December 2021 and set the new record per unit sales price in Volusia County.

Location

1310 Tomoka Town Center Drive, Daytona Beach

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