Homes for sale - 637 S ORLANDO AVE, Cocoa Beach, FL 32931

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Shelly Servedio

shellysellsdreams@hotmail.com +1(813) 541-5292

$ 3,545,000

Est. payment | -/mo

8,177 SqFt

Save

$ 3,545,000

Est. payment | -/mo

Save

8,177 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 8,177 sqft

Price per Sqft $433

Subdivision Parsons Add

MLS Listing ID O6328381

Construction Status Completed

HOA Y/N No

Year Built 1956

Annual Tax Amount $24,078

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Listed $855,000 below appraised value. 9.93% cap rate. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value. The Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one-bedroom and two-bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Juni” a 7 unit boutique motel a block away.. 402 S Orlando Ave Cocoa Beach FL.

Location

State FL

County Brevard

Community Parsons Add

Area 32931 - Cocoa Beach

Zoning RM1

Interior

Heating Central, Other

Cooling Central Air, Other

Flooring Luxury Vinyl

Exterior

Utilities Available Natural Gas Available

View Y/N Yes

Water Access Yes

Water Access Desc Beach

Roof Type Shingle

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Cement Siding,Stucco,Frame

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Adolfo Pereira IV MARGAUX REALTY INC

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 2

10

Freedom 7 Elementary School of International Studies

Public | KG - 6
9

Theodore Roosevelt Elementary School

Public | KG - 6

Middle Schools 1

7

Cocoa Beach Junior/Senior High School

Public | 7 - 12

School and business data provided by Attom Data.

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 541-5292

shellysellsdreams@hotmail.com

637 S ORLANDO AVE Cocoa Beach, FL 32931