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$3,800,000
95 Days On Site

637 S ORLANDO AVENUE
COCOA BEACH, FL 32931

For Sale|Multi Family|Active
0
Beds
0
Total Baths
8,177
SqFt
$465
/SqFt
1956
Built
Subdivision:
PARSONS ADD
County:
Brevard
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
637 S ORLANDO AVENUE637 S ORLANDO AVENUE637 S ORLANDO AVENUE637 S ORLANDO AVENUE
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Listed $600,000 below appraised value. 9.26% 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.

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Listing Snapshot
Price 
$3,800,000
Days On Site 
95 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,177 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.49 Acres
Year Built 
1956
MLS® Number 
O6328381
Status 
Active
Property Tax 
$24,078.47
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayPrice changed to $3,800,000
3 months agoListing first seen on site
General Features
Acres 
0.49
Foundation 
Slab
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
8441
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
RM1
Interior Features
Cooling 
Central AirOther
Heating 
CentralOther
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Exterior Features
Construction Details 
BlockCement SidingStuccoFrame
Road Frontage 
City Street
Roof 
Shingle
View 
BeachWater
Waterfront Features 
Beach Access
Waterview 
BeachWater
Community Features
MLS Area 
32931 - Cocoa Beach
Roads 
Asphalt
Township 
25
Listing courtesy of MARGAUX REALTY INC 4079688371



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-10-21 08:05 PM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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