637 S ORLANDO AVE, Cocoa Beach, FL 32931
$4,390,000
$4,400,000 0.2%
Est. payment /mo
16 Beds
16 Baths
8,177 SqFt

UPDATED:

Key Details

Sold Price $4,390,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 8,177 sqft

Price per Sqft $536

Subdivision Parsons Add

MLS Listing ID O6327687

Bedrooms 16

Year Built 1956

Annual Tax Amount $24,078

Lot Size 0.490 Acres

Property Sub-Type Multi-Family 5+

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

Fireplaces Type Wood Burning

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Outbuildings, Balcony, Fence, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage

Parking Features Assigned

Utilities Available Natural Gas Available

View Y/N 1

Water Access 1

View Beach

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block,Cement Siding,Stucco,Frame

New Construction false

Others

Special Listing Condition None

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Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Adolfo Pereira IV MARGAUX REALTY INC
Bought with Ashton Thomas KRG

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Marc George

Marc George

+1(407) 702-4307

TEAM LEADER | SLSL3188045

TEAM LEADER SLSL3188045

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