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637 S ORLANDO AVE,  COCOA BEACH, FL 32931

MLS# O6327687.  16 beds.  0.0 baths.  Multi-Family 5+.  Active

$24,078 in taxes (2024)

$4,400,000

 

Remarks:

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.

Quick Info:

  • Listing is courtesy Of: MARGAUX REALTY INC ((407-965-8447))
  • Listing Agent: Adolfo Pereira Iv ((407-968-8371))
  • Days on yellowkey: 286
  • Property Type: Multi-Family 5+
  • Beds: 16
  • Baths: 0.0
  • Living Area Square Feet: 8177
  • Built 1956
  • Taxes: $24,078 (2024)
  • 0 Days off yellowkey (back on 3/2/2026 )
  • Garage Spaces: ()
  • Square Feet: 8441
  • Fees: $0
  • Brevard County
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  • Subdivision Name: PARSONS ADD
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
3/2/2026Sale229O6327687Back on yellowkey$4,400,000-521.2652MLS
7/16/2025Sale0O6327687listed for sale$4,400,000-521.2652MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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