$1,390,000
Cocoa Beach, FL 32931
MLS# 1022709
5 beds | 4 baths | 3490 sqft
1 / 56
Property Description
Price Correction! Priced to Sell!! 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:
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2517043
Parcel Number: 25-37-10-75-00000.0-0075.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 7413.99
Tax Year: 2022
Tax Legal Description: CONVAIR COVE LOT 75
Directions: A1A to 3rd st North. Head West to Cedar. turn right then left on Dempsey head west last house on the Left
General Property Information
Bathrooms Half: 0
Living Area: 2919
Living Area Source: Public Records
Building Area Total: 3490
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Accessibility Features YN: Yes
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Canal Navigational to Banana River
Water Frontage Feet: 150
Land Site Description: Canal & River Park
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Unfurnished
Stories: 2
Entry Level: 12
Direction Faces: North
Pool Private YN: Yes
List Price/SqFt: 476.19
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1957
Remarks and Miscellaneous
Public Remarks: Price Correction! Priced to Sell!! 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:
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Electric Range: 1
Gas Cooktop: 1
Gas Range: 1
Gas Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Contemporary: 1
Multi Generational: 1
Other: 1
Construction Materials
Block: 1
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Multi Units: 1
Separate Meters: 1
Split System: 1
Varies by Unit: 1
Current Use
Hotel/Motel: 1
Investment: 1
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Dock: 1
Fencing
Back Yard: 1
Chain Link: 1
Fenced: 1
Privacy: 1
Wood: 1
Fireplace Features
Fireplaces Total: 1
Wood Burning: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Electric: 1
Interior Features
Built-in Features: 1
Ceiling Fan(s): 1
Entrance Foyer: 1
Guest Suite: 1
His and Hers Closets: 1
In-Law Floorplan: 1
Open Floorplan: 1
Primary Bathroom - Shower No Tub: 1
Primary Downstairs: 1
Laundry Features
In Garage: 1
Lower Level: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Cul-De-Sac: 1
Dead End Street: 1
Few Trees: 1
Other Structures
Shed(s): 1
Parking Features
Attached: 1
Garage: 1
Patio And Porch Features
Covered: 1
Deck: 1
Front Porch: 1
Patio: 1
Rear Porch: 1
Pets Allowed
Yes: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Community: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Canal: 1
Pool: 1
River: 1
Water Source
Public: 1
Waterfront Features
Canal Front: 1
Navigable Water: 1
No Fixed Bridges: 1
River Access: 1
Seawall: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Showing Service: 1
Property Condition
Updated/Remodeled: 1
Rental Restrictions
No Minimum: 1
Contract Information
Current Price: $1,390,000
Original List Price: 184900
List Price: $1,390,000
Status: Active
Listing Contract Date: 2024-08-19
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 492
Street Name: Dempsey
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Convair Cove
Status Change Information
Major Change Timestamp: 2025-08-19T21:24:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-08-19T21:24:33Z
Status Change Timestamp: 2025-05-01
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer
Architectural Style: Contemporary; Multi Generational; Other
Construction Materials: Block; Frame; Stucco
Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit
Current Use: Hotel/Motel; Investment; Multi-Family; Residential
Exterior Features: Dock
Fencing: Back Yard; Chain Link; Fenced; Privacy; Wood
Fireplace Features: Wood Burning
Flooring: Laminate; Tile
Heating: Central; Electric
Interior Features: Built-in Features; Ceiling Fan(s); Entrance Foyer; Guest Suite; His and Hers Closets; In-Law Floorplan; Open Floorplan; Primary Bathroom - Shower No Tub; Primary Downstairs
Laundry Features: In Garage; Lower Level
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Cul-De-Sac; Dead End Street; Few Trees
Other Structures: Shed(s)
Parking Features: Attached; Garage
Patio And Porch Features: Covered; Deck; Front Porch; Patio; Rear Porch
Pets Allowed: Yes
Pool Features: In Ground
Possession: Close Of Escrow
Water Body Access Type: Community
Property Condition: Updated/Remodeled
Rental Restrictions: No Minimum
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Lockbox; Showing Service
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
View: Canal; Pool; River
Water Source: Public
Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall
Supplements
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.
The 600 sq ft deck 2021 is a Fabulous place to take in the beautiful sunsets over the park, river and islands. The HVAC and duct work replaced, all new stainless-steel appliances and gas stove 2020, beautiful cabinets and well-designed bathroom.
Lead Base Paint 
Listing Office: Coconut Properties Fl Real Est
Last Updated: November - 08 - 2025
Information is deemed to be reliable, but is not guaranteed.