$1,270,000
Satellite Beach, FL 32937
MLS# 1071047
8 beds | 4 baths
1 / 80
Property Description
Fantastic opportunity to acquire a turnkey, income-producing coastal asset just steps from the Atlantic Ocean. Completely renovated in 2022, this boutique-style retreat blends lifestyle appeal with strong investment fundamentals. The property features four spacious two-bedroom, one-bath units, each with a full kitchen, dining area, living room, private bath, and charming coffee nook--designed to maximize comfort and repeat bookings. Modern upgrades and curated finishes create a high-demand short-term rental experience. Guest-focused amenities drive premium occupancy, including keyless entry, balcony lounge, BBQ patio, game area, hammock niche, private laundry, outdoor shower, and beach accessories. Native landscaping and luxury artificial turf minimize maintenance and expenses. Proven positive cash flow, attractive cap rate, and strong rental history make this ideal for portfolio growth or a 1031 exchange. Showings between bookings; financials readily available for qualified buyers
Details
Maps
Location, Tax, and Legal
Unit Number: 1-4
Tax Account: 2747487
Parcel Number: 27-37-12-26-00000.0-0030.02
General County Location: South
Elementary School: Ocean Breeze
Middle School: Hoover
High School: Satellite
Tax Annual Amount: 2944.28
Tax Year: 2025
Tax Legal Description: PARK DRIVE CONDO UNIT 2 PARK DRIVE CONDOMINIUM AS DESC IN ORB 5629 PG 5734 AND ALL AMENDMENTS THERETO
Directions: From Hwy A1a go West on Pinetree Drive then go North on School Road. Make a Right on Park Drive. The building is on the left.
General Property Information
Number Of Units Total: 4
Stories Total: 2
Bathrooms Half: 0
Living Area: 3080
Lot Size Acres: 0.2146
Lot Size Square Feet: 9348
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 8
Parking Total: 8
Senior Community YN: No
Furnished: Furnished
Stories: 2
Entry Level: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 412.34
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1964
Remarks and Miscellaneous
Public Remarks: Fantastic opportunity to acquire a turnkey, income-producing coastal asset just steps from the Atlantic Ocean. Completely renovated in 2022, this boutique-style retreat blends lifestyle appeal with strong investment fundamentals. The property features four spacious two-bedroom, one-bath units, each with a full kitchen, dining area, living room, private bath, and charming coffee nook--designed to maximize comfort and repeat bookings. Modern upgrades and curated finishes create a high-demand short-term rental experience. Guest-focused amenities drive premium occupancy, including keyless entry, balcony lounge, BBQ patio, game area, hammock niche, private laundry, outdoor shower, and beach accessories. Native landscaping and luxury artificial turf minimize maintenance and expenses. Proven positive cash flow, attractive cap rate, and strong rental history make this ideal for portfolio growth or a 1031 exchange. Showings between bookings; financials readily available for qualified buyers
Appliances
Dishwasher: 1
Dryer: 1
Electric Oven: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Closed Title
Closing Company Address: 503 Inwood Ln
Construction Materials
Brick: 1
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Balcony: 1
Courtyard: 1
Outdoor Shower: 1
Fencing
Wood: 1
Flooring
Concrete: 1
Tile: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Lower Level: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Other Structures
Other: 1
Parking Features
Assigned: 1
Parking Lot: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Other: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 30000
Unit SqFt: 770
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Bottom Floor Unit
Unit 2 Details
Unit ID: 2
Actual Rent: 30000
Unit SqFt: 770
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Bottom Floor Unit
Unit 3 Details
Unit ID: 3
Actual Rent: 30000
Unit SqFt: 770
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Top Floor Unit
Unit 4 Details
Unit ID: 4
Actual Rent: 30000
Unit SqFt: 770
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Top Floor Unit
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Combination Lock Box: 1
No Sign: 1
Contract Information
Current Price: $1,270,000
Original List Price: 1270000
List Price: $1,270,000
Status: Active
Listing Contract Date: 2026-03-04
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 1032
Street Name: Park
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Seminole Heights
Status Change Information
Major Change Timestamp: 2026-03-05T02:15:40Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-04
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer
Construction Materials: Brick; Frame; Stucco
Cooling: Central Air; Electric
Current Use: Residential
Exterior Features: Balcony; Courtyard; Outdoor Shower
Fencing: Wood
Flooring: Concrete; Tile; Vinyl
Heating: Central; Electric
Laundry Features: Common Area; Electric Dryer Hookup; Lower Level; Washer Hookup
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Sprinklers In Front; Sprinklers In Rear
Other Structures: Other
Parking Features: Assigned; Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Other
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; Combination Lock Box; No Sign
Listing Office: Venture Inv. Prop & Mgt Corp
Last Updated: March - 06 - 2026
Information is deemed to be reliable, but is not guaranteed.