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.
Sold for $4,390,000
$4,390,000
637 S ORLANDO AVENUE, COCOA BEACH, FL 32931
16beds
16baths
8,177sqft
Multi Family
Built in 1956
-- sqft lot
$-- Zestimate®
$537/sqft
$2,238 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,238/mo
Zestimate® history
Owner options
List your home for rent
$2,238/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,238/mo
Rent Zestimate®
Refinance and save
$28,907/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$28,907/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Modern amenitiesCoastal charmBeautifully upgraded units
Zillow last checked:
Listing updated:
Listed by:
Adolfo Pereira IV 407-968-8371,
MARGAUX REALTY INC 407-965-8447
Bought with:
Ashton Thomas, 3277808
KRG
Source: Stellar MLS,MLS#: O6327687
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Heating
- Central, Other
Cooling
- Central Air, Other
Appliances
- Laundry: Common Area, Laundry Room
Features
- Ceiling Fan(s), Open Floorplan, Stone Counters
- Flooring: Luxury Vinyl
- Doors: Outdoor Grill, Outdoor Shower, Sliding Doors
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 8,441
- Total interior livable area: 8,177 sqft
Property
Parking
- Parking features: Assigned
Features
- Exterior features: Balcony, Outdoor Grill, Outdoor Shower, Storage
- Fencing: Fenced
- Has view: Yes
- View description: Beach
- Has water view: Yes
- Water view: Beach
- Waterfront features: Beach Access
- Body of water: COCOA BEACH
Lot
- Size: 0.49 Acres
Details
- Additional structures: Outbuilding
- Parcel number: 25 37145126.A4
- Zoning: RM1
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Cement Siding, Stucco, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: PARSONS ADD
HOA
- Has HOA: No
Location
- Region: Cocoa Beach
Financial & listing details
- Price per square foot: $537/sqft
- Tax assessed value: $1,429,720
- Annual tax amount: $24,078
- Date on market: 7/16/2025
- Cumulative days on market: 177 days
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $4,390,000+23.8%$537/sqft |
Source:  Stellar MLS #O6327687 Report a problem | ||
| 1/9/2026 | Pending sale | $3,545,000$434/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 11/10/2025 | Price change | $3,545,000-1.4%$434/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 11/4/2025 | Price change | $3,595,000-2.2%$440/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 10/27/2025 | Price change | $3,675,000-3.3%$449/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 10/20/2025 | Price change | $3,800,000-3.8%$465/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 10/6/2025 | Price change | $3,950,000-4.8%$483/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 9/19/2025 | Price change | $4,150,000-1.2%$508/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 9/8/2025 | Price change | $4,200,000-2.3%$514/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 8/25/2025 | Price change | $4,300,000-2.3%$526/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 7/16/2025 | Listed for sale | $4,400,000+160.4%$538/sqft |
Source: Stellar MLS #O6327687 Report a problem | ||
| 4/8/2024 | Sold | $1,690,000+115.3%$207/sqft |
Source: Public Record Report a problem | ||
| 3/1/2016 | Sold | $785,000+109.3%$96/sqft |
Source: Public Record Report a problem | ||
| 9/7/2005 | Sold | $375,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,750 -5.5% | $1,429,720 -1.6% |
| 2024 | $24,078 +8.6% | $1,453,650 +10.7% |
| 2023 | $22,171 +28.6% | $1,312,610 -1.4% |
| 2022 | $17,239 +23.4% | $1,331,060 +62.3% |
| 2021 | $13,969 +0.9% | $820,000 |
| 2020 | $13,851 +4.7% | $820,000 +2.5% |
| 2019 | $13,230 | $800,000 +21.2% |
| 2018 | $13,230 +11.5% | $660,000 +0.8% |
| 2017 | $11,865 -2.2% | $655,000 +31% |
| 2016 | $12,130 +82% | $500,000 +122.2% |
| 2015 | $6,665 +28.1% | $225,000 +15.4% |
| 2014 | $5,203 | $195,000 +4.3% |
| 2013 | -- | $187,000 -38.8% |
| 2012 | $3,388 -0.9% | $305,780 -5.8% |
| 2011 | $3,418 -12% | $324,440 -3.8% |
| 2010 | $3,887 -30.7% | $337,110 -25.6% |
| 2008 | $5,612 +2.7% | $453,000 -14% |
| 2007 | $5,463 -25.3% | $527,000 -12.4% |
| 2005 | $7,309 -1.8% | $601,390 +14.2% |
| 2004 | $7,446 +63.6% | $526,530 +103.7% |
| 2000 | $4,553 | $258,420 |
Find assessor info on the county website
Neighborhood: 32931
Nearby homes
- $--2 bd2 ba-- sqft637 S Orlando Ave #ID1069184P, Cocoa Beach, FL 32931Off Market
- $--2 bd1 ba-- sqft637 S Orlando Ave #ID1069185P, Cocoa Beach, FL 32931Off Market
- $--15 bd14 ba-- sqft637 S Orlando Ave #ID1069198P, Cocoa Beach, FL 32931Off Market
- $--1 bd1 ba-- sqft637 S Orlando Ave #ID1069187P, Cocoa Beach, FL 32931Off Market
- $--1 bd1 ba699 sqft637 S Orlando Ave #ID1069186P, Cocoa Beach, FL 32931Off Market
- $--1 bd1 ba-- sqft637 S Orlando Ave #ID1245236P, Cocoa Beach, FL 32931Off Market
- $--1 bd1 ba-- sqft637 S Orlando Ave #ID1245224P, Cocoa Beach, FL 32931Off Market
- $--1 bd1 ba-- sqft637 S Orlando Ave #ID1245227P, Cocoa Beach, FL 32931Off Market
Nearby schools
GreatSchools rating
- 9/10Theodore Roosevelt Elementary SchoolGrades: PK-6Distance: 1.3 mi
- 7/10Cocoa Beach Junior/Senior High SchoolGrades: 7-12Distance: 1.5 mi
- Florida
- Brevard County
- Cocoa Beach
- 32931
- 637 S ORLANDO AVENUE
Nearby cities
Nearby zip codes
Other Cocoa Beach Topics
