Cocoa Beach Multifamily
492 Dempsey Drive, Cocoa Beach, FL 32931
- Added:
- Aug 21, 2024
- Days on Market:
- 640
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 492 Dempsey Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2
- Parking features
- Garage
- Pool private
- 1
- Exterior features
- Dock, Impact Windows
- Fencing
- Fenced, Chain Link
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Standard status
- Pending
- APN
- 25-37-10-75-00000.0-0075.00
- Size
- 2,919 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- CONVAIR COVE LOT 75
- Tax Annual Amount
- 7414
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air, Separate Meters, Multi Units, Varies by Unit
- Water source
- Public
- Water front features
- Navigable Water, Seawall, River Access
- Water front
- 1
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Laminate
- Building materials
- Block, Frame, Stucco
- Roof type
- Metal
Listing agent Pamela G Durkin License #678538 (321) 431-4135
Listing office Coconut Properties Fl Real Est 35 S Atlantic Ave., Cocoa Beach, FL (321) 613-5950
Listing date Aug 21, 2024
MLS# 1022812
Listing URL
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Essentially two homes: Downstairs (3 bedrooms, 3 baths) and Upstairs (2 bedrooms, 1 bath) with separate electric meters, ideal for rental income, multi‑generational living, or Airbnb.
- Prime location: Only 6 blocks to the beach and next door to a riverfront park with unobstructed river and island views.
- Boater's dream: Enjoy deep water access to the open river.
- Completely renovated: Gutted to the studs in 2022 with new plumbing, electric, walls, spray foam insulation, and impact windows/sliders.
- Walkable to downtown Cocoa Beach: Close to shopping, restaurants, stores, library, and post office.
- Income Potential: Currently being used as an Airbnb.
Overview
This Cocoa Beach multifamily property, constructed in 2022, has been completely renovated with new plumbing, electric systems, walls, headers, beams, spray foam insulation, and impact windows and sliders. It essentially functions as two separate homes with individual electric meters, offering flexibility as a five-bedroom residence or two distinct living spaces. The downstairs unit features three bedrooms and three bathrooms, while the upstairs unit includes two bedrooms and one bathroom. The property is currently used as an Airbnb. Located just six blocks from the beach and adjacent to a riverfront park, it offers unobstructed river and island views. Its proximity to downtown Cocoa Beach provides convenient access to shopping, restaurants, stores, a library, and a post office. The property also boasts deep water access to the open river. The main home's first floor was gutted and rebuilt to code, with new beams and headers added in the living room, garage, and Florida room. The Florida room was rebuilt, and a hurricane-rated garage door was installed. The bathroom walls are insulated for sound, and the first-floor roof is insulated with Icynene foam. The HVAC system was replaced with new ductwork. The Florida room features a wood-burning fireplace and a mini-split air conditioning system. The kitchen is equipped with quartz countertops, stainless steel appliances, and cabinets. The exterior was stuccoed and painted. The upstairs apartment was remodeled in 2016, and a 600-square-foot deck was added in 2021, offering sunset views over the park, river, and islands. The apartment's HVAC and ductwork were replaced in 2023, and new stainless-steel appliances with a gas stove were installed in 2020.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.616155
- Latitude
- 28.323813
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Remodeled multifamily property near the beach, suitable for various uses.
Where is this duplex located?
The property is located at 492 Dempsey Drive Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Essentially two homes: Downstairs (3 bedrooms, 3 baths) and Upstairs (2 bedrooms, 1 bath) with separate electric meters, ideal for rental income, multi‑generational living, or Airbnb.; Prime location: Only 6 blocks to the beach and next door to a riverfront park with unobstructed river and island views.; Boater's dream: Enjoy deep water access to the open river.
