Cocoa Beach Boutique Rental
For Sale
$3,545,000
Pending
637 S ORLANDO AVENUE, Cocoa Beach, FL 32931
Turnkey, fully renovated 13-unit short-term rental complex near Cocoa Beach.
Property Size8,177 SF
Lot Size0.49 Acres
Days on Market409
Property Features for 637 S ORLANDO AVENUE
General Information
Standard status
Pending
Size
8,177 SF
Lot size
0.49 Acres
Property subtype
Commercial
Building Details
Year Built
1956
Listing Agency:
MARGAUX REALTY INC
(407) 965-8447
Listed By:
ADOLFO PEREIRA IV
Source:
Corcoran
Added: Jul 18, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARGAUX REALTY INC
Investment Insights
Based on property information with market context.
The Drift is a fully renovated boutique short-term rental complex located in the heart of Cocoa Beach, a short walk to the surf and downtown. The property features 13 upgraded units, including one-bedroom and two-bedroom options, blending modern amenities and coastal charm. This turnkey property offers strong cash flow potential and a desirable location. The property is selling with turnkey ability, including property management, revenue management, guest experience management, online travel agencies set up, a direct booking website, transferable Google/Apple business maps, transferable accounts/reviews, returning guests, group booking contracts in place, a central IT hub, and City of Cocoa Beach and State of Florida licenses and qualifications. The property size is 8177 square feet. 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. A portfolio is available for "The Juni," a 7-unit boutique motel a block away.
Key Highlights
- Listed $855,000 below appraised value.
- Incredible 9.93% cap rate.
- Turnkey short‑term rental complex with 13 upgraded units in Cocoa Beach.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey, fully renovated 13-unit short-term rental complex near Cocoa Beach.
Where is this short term rental property located?
The property is located at 637 S ORLANDO AVENUE Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $3,545,000.
What are key features of this property?
This property features: Listed $855,000 below appraised value.; Incredible 9.93% cap rate.; Turnkey short‑term rental complex with 13 upgraded units in Cocoa Beach.
