The Drift is a fully renovated boutique hotel 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, totaling 16 bedrooms and 15.5 bathrooms, 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, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.
Property Details
Price:
$4,300,000
MLS #:
O6327687
Status:
Active
Beds:
16
Baths:
16
Type:
Multi Family
Subdivision:
PARSONS ADD
Neighborhood:
32931 – Cocoa Beach
Listed Date:
Jul 16, 2025
Finished Sq Ft:
8,177
Total Sq Ft:
8,441
Lot Size:
21,344 sqft / 0.49 acres (approx)
Year Built:
1956
Units:
13
See this Listing
Schools
Interior
Cooling
Central Air, Other
Flooring
Luxury Vinyl
Heating
Central, Other
Laundry Features
Common Area, Laundry Room
Exterior
Construction Materials
Block, Cement Siding, Stucco, Wood Frame
Exterior Features
Outbuilding, Balcony, Fenced, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage
Parking Features
Assigned
Roof
Shingle
Financial
Tax Year
2024
Taxes
$24,078
Map
Community
- Address637 S ORLANDO AVENUE COCOA BEACH FL
- SubdivisionPARSONS ADD
- CityCOCOA BEACH
- CountyBrevard
- Zip Code32931
Market Summary
Current real estate data for Multi Family in COCOA BEACH as of Sep 04, 2025
3
Multi Family Listed
63
Avg DOM
481
Avg $ / SqFt
$2,649,967
Avg List Price
Property Summary
- Located in the PARSONS ADD subdivision, 637 S ORLANDO AVENUE COCOA BEACH FL is a Multi Family for sale in COCOA BEACH, FL, 32931. It is listed for $4,300,000 To schedule a showing of MLS#o6327687 at 637 S ORLANDO AVENUE in COCOA BEACH, FL, contact your Stonecrest International Realty agent at 561-707-9933.
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Courtesy of MARGAUX REALTY INC. Disclaimer: All data relating to real estate for sale on this page comes from the Internet Data Exchange (IDX) Program of Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Stonecrest International Realty include the name of the listing broker. Neither the listing company nor Stonecrest International Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 637 S ORLANDO AVENUE
COCOA BEACH, FL