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124 Surf Drive
About This Property
Now here's your opportunity to own a piece of paradise. This is the first time 124 Surf Drive has ever been offered for sale. Built in 1959 and lovingly owned by the same family ever since, this 5-bedroom, 3-bath home offers over 2,100 square feet, a 2-car garage, and a fenced backyard. Much of the home's original retro character remains, creating the perfect opportunity for someone ready to restore, renovate, or create their own beachside retreat in one of Cocoa Beach's most desirable locations.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by Real Broker LLC | $499,000 | |
| Listed by Real Broker LLC | |||
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About Ocean Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017