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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, 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.. 402 S Orlando Ave Cocoa Beach FL.
| DAYS ON MARKET | 149 | LAST UPDATED | 11/10/2025 |
|---|---|---|---|
| TRACT | PARSONS ADD | YEAR BUILT | 1956 |
| COMMUNITY | 32931 - Cocoa Beach | COUNTY | Brevard |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Aug 25, '25 | $4,400,000 |
|---|---|
| Aug 25, '25 - Sep 8, '25 | $4,300,000 |
| Sep 8, '25 - Sep 19, '25 | $4,200,000 |
| Sep 19, '25 - Oct 6, '25 | $4,150,000 |
| Oct 6, '25 - Oct 20, '25 | $3,950,000 |
| Oct 20, '25 - Oct 27, '25 | $3,800,000 |
| Oct 27, '25 - Nov 4, '25 | $3,675,000 |
| Nov 4, '25 - Nov 10, '25 | $3,595,000 |
| Nov 10, '25 - Today | $3,545,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32931 - Cocoa Beach |
| CONSTRUCTION | Block, Cement Siding, Frame, Stucco |
| EXTERIOR | Balcony, Outdoor Grill, Outdoor Shower, Storage |
| FIREPLACE | Yes |
| HEAT | Central, Other |
| INTERIOR | Open Floorplan, Stone Counters |
| LOT | 0.49 acre(s) |
| PARKING | Assigned |
| SEWER | Public Sewer |
| SUBDIVISION | PARSONS ADD |
| TAXES | 24078.47 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Beach, Water |
| WATER | Public |
| WATER ACCESS | COCOA BEACH |
| WATERFRONT DESCRIPTION | Beach Access |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Adolfo Pereira IV, MARGAUX REALTY INC, 407-965-8447
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/11/25 3:00 PM PST.
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