637 S Orlando Ave Cocoa Beach, FL 32931
Estimated payment $20,636/month
Highlights
- Beach View
- Beach Access
- Open Floorplan
- Theodore Roosevelt Elementary School Rated 9+
- 0.49 Acre Lot
- Stone Countertops
About This Home
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.
Listing Agent
MARGAUX REALTY INC Brokerage Phone: 407-965-8447 License #3305478 Listed on: 07/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,078
Year Built
- Built in 1956
Lot Details
- 0.49 Acre Lot
- Fenced
Parking
- Assigned Parking
Home Design
- Slab Foundation
- Frame Construction
- Shingle Roof
- Cement Siding
- Block Exterior
- Stucco
Interior Spaces
- 8,177 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Wood Burning Fireplace
- Window Treatments
- Sliding Doors
- Luxury Vinyl Tile Flooring
- Beach Views
- Stone Countertops
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Outdoor Features
- Outdoor Shower
- Beach Access
- Balcony
- Outdoor Storage
- Outbuilding
- Outdoor Grill
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 4 / 26
- Assessor Parcel Number 25 3714-51-26.A-4
Community Details
Overview
- No Home Owners Association
- 13 Units
- 8,441 Sq Ft Building
- Parsons Add Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,078 | $1,429,720 | -- | -- |
| 2024 | $22,171 | $1,453,650 | -- | -- |
| 2023 | $22,171 | $1,312,610 | $427,500 | $885,110 |
| 2022 | $17,239 | $1,331,060 | $0 | $0 |
| 2021 | $13,969 | $820,000 | $303,750 | $516,250 |
| 2020 | $13,851 | $820,000 | $303,750 | $516,250 |
| 2019 | $13,230 | $800,000 | $303,750 | $496,250 |
| 2018 | $11,865 | $660,000 | $303,750 | $356,250 |
| 2017 | $12,130 | $655,000 | $0 | $655,000 |
| 2016 | $6,665 | $500,000 | $0 | $0 |
| 2015 | $5,203 | $225,000 | $225,000 | $0 |
| 2014 | $4,167 | $195,000 | $180,000 | $15,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Price Changed | $3,545,000 | -1.4% | $434 / Sq Ft |
| 11/04/2025 11/04/25 | Price Changed | $3,595,000 | -2.2% | $440 / Sq Ft |
| 10/27/2025 10/27/25 | Price Changed | $3,675,000 | -3.3% | $449 / Sq Ft |
| 10/20/2025 10/20/25 | Price Changed | $3,800,000 | -3.8% | $465 / Sq Ft |
| 10/06/2025 10/06/25 | Price Changed | $3,950,000 | -4.8% | $483 / Sq Ft |
| 09/19/2025 09/19/25 | Price Changed | $4,150,000 | -1.2% | $508 / Sq Ft |
| 09/08/2025 09/08/25 | Price Changed | $4,200,000 | -2.3% | $514 / Sq Ft |
| 08/25/2025 08/25/25 | Price Changed | $4,300,000 | -2.3% | $526 / Sq Ft |
| 07/16/2025 07/16/25 | For Sale | $4,400,000 | -- | $538 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,690,000 | East Coast Title | |
| Special Warranty Deed | $7,416,000 | East Coast Title | |
| Special Warranty Deed | $7,416,000 | East Coast Title | |
| Warranty Deed | $785,000 | East Coast Title | |
| Warranty Deed | $375,000 | Security First Title Partner |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | Credit Line Revolving | |
| Previous Owner | $5,400,000 | Seller Take Back | |
| Previous Owner | $500,000 | No Value Available | |
| Previous Owner | $280,000 | No Value Available |
Source: Stellar MLS
MLS Number: O6327687
APN: 25-37-14-51-00026.A-0004.00
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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