492 Dempsey Drive Cocoa Beach, FL $ 1,749,000
492 Dempsey Drive
$ 1,749,000
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492 Dempsey Drive

Cocoa Beach, FL, 32931
$ 1,749,000
Bedrooms5 Baths4.0 Sq 2,919

Monthly Estimate*

$ 10,475

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Multi-Family Home for sale in Cocoa Beach, FL

for $1,749,000 with 5 bedrooms and 4 full baths. This 2,919 square foot home was built in 1957 on a lot size of 0.26.

New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river!! 492 Dempsey Drive's main home is a two-year-old home as of 2022! The concrete walls were left up and the roof was left on as the work began! The first floor of this beautiful home was completely gutted, reframed, rebuilt to code by a local reputable General Contractor. New beams and headers were added in the main living room, garage and Florida room. The Florida room exterior walls were taken down and replaced. The entire home has impact windows and sliders. The garage door is a hurricane rated door. The bathroom walls were insulated with Fi-Foil for sound and the roof of the first floor was insulated with Icynene foam. The cast iron plumbing was removed and re-piped throughout the home. The old electrical was completely removed and all new electrical was installed. The HVAC was replaced, and all new duct work was installed. The Florida room/ family room features a wood burning fireplace and a separate Mini-Split Air Conditioning. The Kitchen is designed beautifully with quartz countertop, stainless steel appliances and beautiful cabinets. The exterior was stucco and painted. Everything mentioned in this paragraph took place and was replaced new in 2022. The apartment upstairs was completely remodeled in 2016, and a new 600 square foot deck was installed 2021! The deck is a fabulous place to take in the beautiful sunsets over the park, river and islands. The HVAC and duct work replaced 2023, all new stainless-steel appliances with gas stove 2020, beautiful cabinets and well-designed bathroom.

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Multi-Family Active

Price

$ 1,749,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,413

Style

Duplex

Lot Size

0.26

Year Built

1957

Town/City

Cocoa Beach

County/Region

Brevard

MLS | Web ID

1022812

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric Multi Units Separate Meters Varies by Unit Split System
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected Separate Electric Meters
Possession Close Of Escrow
Roof Metal
Appliances Dishwasher Disposal Dryer Electric Cooktop Electric Range Gas Cooktop Gas Range Gas Water Heater Microwave Refrigerator Washer
Exterior Features Dock Impact Windows
Garage Spaces 2.0
Pool Features In Ground Private
Construction Materials Block Frame Stucco
Year Built 1957
View Canal Pool Water
Stories 2
Levels Two
Property SubType Duplex
Tax Year 2022
Current Use Hotel/Motel Investment Mixed Use Multi-Family Residential
Waterfront Features Canal Front Navigable Water River Access Seawall No Fixed Bridges
Additional Parcels Description 2517043
County Brevard
New Construction N
Property Type Residential Income
Home Owner Assoc N
Attached Garage Y
Subdivision Name Convair Cove
Facing Direction North
Garage Y/N Y
Other Structures Shed(s)
Full Baths 4
Status Active
Directions A1A to 3rd st North. Head West to Cedar. turn right then left on Dempsey head west last house on the Left
High School Cocoa Beach
City Cocoa Beach
Body of Water Canal Navigational to Banana River
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 2
MLS Area 272 - Cocoa Beach
Lot Size Units Acres
Lot Size Square Feet 11326.0
Waterfront Y/N Y
Carport Y/N N
Elementary School Roosevelt
Tax Annual Amount 7413.99
Home Warranty Y/N N
Middle/Junior High School Cocoa Beach
Lease Renewal Y/N N
MLS Area Minor 272 - Cocoa Beach
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1022812
Standard Status Active
Legal Description CONVAIR COVE LOT 75
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Interior
Flooring Laminate Tile
Furnished Y/N Unfurnished
Total Fireplaces 1
Fireplace Features Wood Burning
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
Laundry Features Multiple Locations In Garage
Total Bedrooms 5
Entry Level 12
Electric On Property Y/N N
Total Baths 4
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Exterior
Fencing Back Yard Chain Link Fenced Wood
Parking Features Attached Garage
Lot Features Corner Lot Cul-De-Sac Dead End Street Few Trees
Water Source Public
Lot Size Area 0.26
Number of Buildings 1
Spa N
Building Area Total 3490.0
Lot Size Acres 0.26
Road Surface Type Paved
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 492
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* Excluded Features
List By
Coconut Properties Fl Real Est

Broker

pameladurkin@gmail.com

Email

Affordability Calculator

$11,093
Per Month
94%
6%
0%
Monthly Principal & Interest
$10,475
Monthly Property Taxes
$618
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1363029 Elementary School
1363027 Middle School
Cocoa Beach High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2024$1,749,000 -5.41% Price Down
8/21/2024$1,849,000 Listed Price

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492 Dempsey Drive, Cocoa Beach, FL, 32931 is a Multi-Family Home for sale at $1,749,000 with 2,919 sqft and a lot size of 0.26. 492 Dempsey Drive has 5 bedrooms, 4.0 baths, and was built in 1957. The property's zip code is 32931 which is in Cocoa Beach, FL