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 Market457
Property Features for 637 S ORLANDO AVENUE
General Information
Standard status
Pending
Size
8,177 SF
Lot size
0.49 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,078
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Central Heating
Luxury Vinyl Flooring
Shingle Roof
Building Details
Year Built
1956
Listing Agency:
MARGAUX REALTY INC
(407) 965-8447
Listed By:
ADOLFO PEREIRA IV
(407) 968-8371
Source:
Corcoran
Added: Jul 18, 2025
Changed: Oct 4
Last Checked: Oct 16 at 8:48AM
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
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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.
