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13 Baths
8,177 sqft

$4,400,000

637 S Orlando Avenue, Cocoa Beach FL, 32931

Price per sqft$538.09
Built in1956
Property size8,177 sqft
Property typeCommercial

Overview

Pending

Listed Jul 16, 2025

Updated Jun 10

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.

Additional information

MLS® ID
1051839

Interior Features

Bathrooms
13
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.49 Acres

Other Property Details

Taxes
$22,171
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of Margaux Realty, Inc, Karla Orlandini,
Listing Contact: 407-965-8447 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor MVP SALES GROUP shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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