Bought with
$1,599,000
$1,599,900
0.1%For more information regarding the value of a property, please contact us for a free consultation.
686 S ATLANTIC AVE #1-8 Cocoa Beach, FL 32931
16 Beds
8 Baths
5,976 SqFt
Key Details
Sold Price $1,599,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,976 sqft
Price per Sqft $267
Subdivision Cocoa Beach
MLS Listing ID O6325042
Bedrooms 16
Year Built 1962
Annual Tax Amount $14,260
Lot Size 0.340 Acres
Property Sub-Type Multi Family
New Construction false
Property Description
Rare opportunity to own this 8 Unit multifamily property in iconic Cocoa Beach, just 300 feet from the boardwalk and ocean access. Situated on a .34-acre corner lot, this unique property includes two quadplex buildings centered around a saltwater pool and surrounded by tropical landscaping. Operating as ''Sea Esta'' almost 40 years, this property offers a boutique-style experience, providing an alternative to high-rise hotels and crowded resorts. Ideal for investors, vacation rental operators, or boutique hotel concepts. One building was updated in 2009 with new electrical panels, windows, sliders, and tankless water heaters. Two new HVAC units installed in 2024. Each unit has its own wooden deck to enjoy. On-site parking, workshop and laundry facilities included. Adjoining vacant lot may also be available for purchase, offering potential for expansion. Own your hospitality! Don't miss this rare income-producing coastal GEM with unbeatable location and long-term upside
Location
State FL
County Brevard
Community Cocoa Beach
Area 32931 - Cocoa Beach
Zoning RESI
Interior
Heating Electric
Cooling Central Air
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Balcony, Courtyard
Parking Features Open
Pool In Ground, Pool Sweep, Salt Water
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Available, Water Connected
Roof Type Other
Building
Lot Description Corner Lot, City Limits, Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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