$2,200,000
Cocoa Beach, FL 32931
MLS# 1076939
8 beds | 8 baths | 4056 sqft
1 / 22
Property Description
Prime Cocoa Beach investment opportunity just one block from the world-famous Cocoa Beach Pier. This 4-unit multifamily property at 160 S Shepard Dr features four 2BR/1.5BA units, and Units 9-12 are the only units in the community zoned for short-term vacation rentals--a rare and valuable advantage. Units 10 & 12 operate as high-performing STRs, generating approx. $7,500/month each. Units 9 & 11 are long-term rentals but can be vacated with 30-day notice for STR conversion. Community amenities include a beautiful pool and unbeatable walkability to the beach, dining, and entertainment. A turnkey, income-producing coastal asset in one of Florida's most desirable beach markets.
Details
Maps
Location, Tax, and Legal
Unit Number: 9,10, 11, 12
Tax Account: 2437061
Parcel Number: 24-37-27-Ik-0000b.0-0002.01
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 3287.4
Tax Year: 2025
Tax Legal Description: BAYVUE CONDOMINIUMS OF COCOA BEACH PH I UNIT 9-1 BAYVUE CONDO OF COCOA BEACH PH I AS DESC IN ORB 2365 PG 1343 AND ALL AMENDMENTS THERETO.
Zoning Description: Multi Family
Directions: A1A to S. Shepard Drive
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Stories Total: 2
Bathrooms Half: 4
Living Area: 4056
Living Area Source: Public Records
Building Area Total: 4056
Lot Size Acres: 0.07
Lot Size Square Feet: 3049
Association YN: Yes
Association Fee: 2120
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: Atlantic Horizon
Association Fee 2: 0
Garage YN: No
Carport YN: Yes
Carport Spaces: 13
Waterfront YN: No
Open Parking Spaces: 17
Parking Total: 30
Furnished: Unfurnished
Stories: 2
Entry Level: 1
List Price/SqFt: 542.41
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 4
Year Built: 1980
Remarks and Miscellaneous
Public Remarks: Prime Cocoa Beach investment opportunity just one block from the world-famous Cocoa Beach Pier. This 4-unit multifamily property at 160 S Shepard Dr features four 2BR/1.5BA units, and Units 9-12 are the only units in the community zoned for short-term vacation rentals--a rare and valuable advantage.
Units 10 & 12 operate as high-performing STRs, generating approx. $7,500/month each. Units 9 & 11 are long-term rentals but can be vacated with 30-day notice for STR conversion. Community amenities include a beautiful pool and unbeatable walkability to the beach, dining, and entertainment.
A turnkey, income-producing coastal asset in one of Florida's most desirable beach markets.
Appliances
Disposal: 1
Electric Range: 1
Electric Water Heater: 1
Refrigerator: 1
Washer/Dryer Stacked: 1
Association Amenities
Clubhouse: 1
Pool: 1
Association Fee Includes
Maintenance Grounds: 1
Other: 1
Closing Company Details
Closing Company Name: Title Solutions
Closing Company Address: 390 S Courtney Pkwy Merritt Island
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Investment: 1
Exterior Features
Balcony: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Electric: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Additional Parking: 1
Assigned: 1
Carport: 1
Possession
Close Of Escrow: 1
Financial Data Source
Accountant: 1
Owner Pays
Cable TV: 1
Electricity: 1
Grounds Care: 1
Pool Maintenance: 1
Other: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 9
Actual Rent: 1950
Unit SqFt: 1014
Beds Total: 2
Full Baths Total: 1
Half Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent Per Month, Downstairs Unit
Unit 2 Details
Unit ID: 10
Actual Rent: 7500
Unit SqFt: 1014
Beds Total: 2
Full Baths Total: 1
Half Baths Total: 1
Furnished: Furnished
Unit Remarks: Rent Per Month, Downstairs Unit
Unit 3 Details
Unit ID: 11
Actual Rent: 1950
Unit SqFt: 1014
Beds Total: 2
Full Baths Total: 1
Half Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent per Month, Upstairs Unit
Unit 4 Details
Unit ID: 12
Actual Rent: 7500
Unit SqFt: 1014
Beds Total: 2
Full Baths Total: 1
Half Baths Total: 1
Furnished: Furnished
Unit Remarks: Rent Per Month, Upstairs Unit
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Pool: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $2,200,000
Original List Price: 2200000
List Price: $2,200,000
Status: Active
Listing Contract Date: 2026-05-09
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 160
Street Direction Prefix: S
Street Name: Shepard
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Bayvue Condominiums of Cocoa Beach Ph I
Status Change Information
Major Change Timestamp: 2026-05-09T21:28:23Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-09
Property Features
Appliances: Disposal; Electric Range; Electric Water Heater; Refrigerator; Washer/Dryer Stacked
Association Amenities: Clubhouse; Pool
Association Fee Includes: Maintenance Grounds; Other
Construction Materials: Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Investment
Exterior Features: Balcony
Financial Data Source: Accountant
Flooring: Tile; Wood
Heating: Central; Electric
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Other
Owner Pays: Cable TV; Electricity; Grounds Care; Pool Maintenance; Other
Parking Features: Additional Parking; Assigned; Carport
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
View: Pool
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice
Listing Office: Keller Williams Space Coast
Last Updated: May - 09 - 2026
Information is deemed to be reliable, but is not guaranteed.