637 S Orlando Avenue, Cocoa Beach, FL 32931

Local realty services provided by:ERA Grizzard Real Estate
637 S Orlando Avenue,Cocoa Beach, FL 32931
$3,545,000
  • 16 Beds
  • 16 Baths
  • 8,177 sq. ft.
  • Multi-family
  • Pending
Listed by: adolfo pereira iv
Office: margaux realty inc
MLS#:O6327687
Source:MFRMLS

Price summary

  • Price:$3,545,000
  • Price per sq. ft.:$419.97

About this home

Listed $855,000 below appraised value. 9.93% cap rate. 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, 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,

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Home facts

  • Year built:1956
  • Listing ID #:O6327687
  • Added:177 day(s) ago
  • Updated:January 09, 2026 at 11:36 PM

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:$3,545,000
  • Price per sq. ft.:$419.97
  • Tax amount:$24,078 (2024)
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