$1,390,000
Cocoa Beach, FL 32931
MLS# 1022812
5 beds | 4 baths | 3490 sqft
1 / 53
Property Description
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!!
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Current Price: $1,390,000
Original List Price: 1849000
List Price: $1,390,000
Status: Active
Listing Contract Date: 2024-08-21
Property Sub Type: Duplex
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
Number Of Buildings: 1
Number Of Units Total: 2
Stories Total: 2
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
Open Parking Spaces: 4
Senior Community YN: No
Water Body Access YN: No
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: 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!!
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
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
Mixed Use: 1
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Dock: 1
Impact Windows: 1
Fencing
Back Yard: 1
Chain Link: 1
Fenced: 1
Wood: 1
Fireplace Features
Fireplaces Total: 1
Wood Burning: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Electric: 1
Laundry Features
In Garage: 1
Multiple Locations: 1
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
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 0
Unit SqFt: 2199
Beds Total: 3
Full Baths Total: 3
Furnished: Unfurnished
Unit Remarks: Rent is per night - Airbnb rents vary
Unit 2 Details
Unit ID: 2
Actual Rent: 0
Unit SqFt: 720
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent is per night - Airbnb rents vary
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Separate Electric Meters: 1
Sewer Connected: 1
Water Connected: 1
View
Canal: 1
Pool: 1
Water: 1
Water Source
Public: 1
Waterfront Features
Canal Front: 1
Navigable Water: 1
No Fixed Bridges: 1
River Access: 1
Seawall: 1
Showing Requirements
Call Listing Agent: 1
Lockbox: 1
Showing Service: 1
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: 2025-08-19T20:52:09Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-08-19T20:52:09Z
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
Construction Materials: Block; Frame; Stucco
Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit
Current Use: Hotel/Motel; Investment; Mixed Use; Multi-Family; Residential
Exterior Features: Dock; Impact Windows
Fencing: Back Yard; Chain Link; Fenced; Wood
Fireplace Features: Wood Burning
Flooring: Laminate; Tile
Heating: Central; Electric
Laundry Features: In Garage; Multiple Locations
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
Pool Features: In Ground
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Special Listing Conditions: Corporate Owned; Standard
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Sewer Connected; Water Connected
View: Canal; Pool; Water
Water Source: Public
Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall
Showing Requirements: Call Listing Agent; Lockbox; Showing Service
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, 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.
Lead Based Paint 
Listing Office: Coconut Properties Fl Real Est
Last Updated: November - 08 - 2025
Information is deemed to be reliable, but is not guaranteed.