637 S ORLANDO AVENUE Cocoa Beach, FL 32931

Building Details

Year Built

1956

Listing office MARGAUX REALTY INC a*@margauxrealtyinc.com Show Phone

Listing date Jul 18, 2025

Source Corcoran

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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.

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FAQs

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.