Preserve at Rivers Edge market snapshot (as of June 25, 2026): the median sale price is about $132K ($198 per sq ft), with homes averaging 172 days on market and 15.3 months of supply, a buyer's market. Values are down 3% over the past year and up 151% since 2012, based on 11 recent closings in live Daytona-area MLS data.
Preserve at Rivers Edge is a gated condominium community on the Halifax River (the Intracoastal Waterway) on the Daytona Beach mainland, at 1401 South Palmetto Avenue, minutes from downtown Beach Street and a short drive across the river to the beachside. The riverfront setting and the gate are the community's two defining features.
The buildings were constructed in 1987 as an apartment community and converted to condominiums in 2006. The community is garden-style, with two- and three-story buildings served by breezeways and stairs rather than elevators, and totals roughly 180 units. Floor plans are one- and two-bedroom layouts of about 600 to 1,000 square feet with full kitchens and private patios or balconies.
Amenities include a swimming pool and hot tub overlooking the river, a fitness center, a clubhouse, picnic areas with grills, a private dock, and a guarded, gated entrance. This amenity set, paired with the river frontage and the gate, is unusual at the community's price point and is the core of its appeal.
Because the community dates to 1987 and was condo-converted in 2006, the central buyer question is financial and structural health. Its three-story buildings fall under Florida's condominium milestone-inspection and structural integrity reserve-study requirements, and the reserve funding those identify cannot be waived, so the association's reserves, insurance, and assessment record are the real subject of any purchase.
