637 S Orlando Avenue, Cocoa Beach, FL 32931
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
637 S Orlando Avenue,Cocoa Beach, FL 32931
$4,150,000
- 16 Beds
- 16 Baths
- 8,177 sq. ft.
- Multi-family
- Active
Listed by:adolfo pereira iv
Office:margaux realty inc
MLS#:O6327687
Source:MFRMLS
Price summary
- Price:$4,150,000
- Price per sq. ft.:$491.65
About this home
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, totaling 16 bedrooms and 15.5 bathrooms, 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, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.
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Home facts
- Year built:1956
- Listing ID #:O6327687
- Added:74 day(s) ago
- Updated:September 29, 2025 at 11:49 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:16
- Living area:8,177 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1956
- Building area:8,177 sq. ft.
- Lot area:0.49 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,150,000
- Price per sq. ft.:$491.65
- Tax amount:$24,078 (2024)
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