PendingMulti Family
637 S Orlando Avenue, Cocoa Beach, FL 32931
Cocoa Beach, FL 32931 · MLS #1051839The residence
About this property
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.
At a glance
Property details
- Property type
- Multi Family
- Listing type
- For sale
- Status
- Pending
- Bathrooms
- 13
- Living area
- 8,177 sq. ft.
- Year built
- 1956
- Lot size
- 21,344.4 sq. ft.
- Subdivision
- Parsons Add To Cocoa Beach
- County
- Brevard
- Original list price
- $4,400,000
- Listing date
- July 16, 2025
- Annual property tax
- $22,171 (2023)
- Listing agent
- Karla Orlandini
- Listing office
- Margaux Realty, Inc
- MLS number
- 1051839
Neighborhood & location
Explore Parsons Add To Cocoa Beach
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Brevard Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $22,249
- Property taxes
- $1,848
- Homeowners insurance
- $2,200
- Estimated total
- $26,296
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
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Listing courtesy of Margaux Realty, Inc, 407-965-8447.
Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.