1
Map
$2,475,000
↓ $50K (2%)
●
House -
For Sale
241 N Indian River Drive
Cocoa, FL 32922
9 Beds
9 Baths,
1
Half Bath
6,073 Ft²
$13,477
Est. Monthly
About This Property
Rare opportunity to own a unique, income-producing waterfront
property in Historic Cocoa Village! This Edwardian era fully
furnished main house (former B&B) and furnished cottage
(thriving Air BnB) sit on 133' of Indian River frontage with dock
and 10,000 lb. boat lift. A stunning 2 level 2022 built home with
elevator features a gourmet kitchen with Wolf gas range, Miele
coffee maker, wine bar, brick accents, hand-scraped hardwood
floors, and gorgeous views. Three spacious bedrooms and baths
provide modern comforts. Property also includes a 3-car garage,
utility room for tenants and a 1 bedroom apt above with patio and
garden planters. All furniture in three buildings conveys, along
with three active leases. Walk to Cocoa Village, watch rocket
launches, walk, bike and run along the Indian River. Ideal for
investors or multi-generational living!
Unit Size
6,073 Ft²
Days on Market
320 days
Land Size
0.72 acres
Price per sqft
$408
Property Type
House
Property Taxes
$1,324
HOA Dues
-
Year Built
1913
Listed By
DON JOHNSON
DON JOHNSON BUILDING SERVICES
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (Space Coast MLS #1063229)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2026 | Price Decreased |
$2,475,000
↓ $50K
(2%) | |
| Price Decreased | |||
| Feb 21, 2026 | Price Decreased |
$2,525,000
↓ $65K
(2.5%) | |
| Price Decreased | |||
| Dec 1, 2025 | Listed by ZOOM Realty Group LLC | $2,590,000 | |
| Listed by ZOOM Realty Group LLC | |||
| Apr 26, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $999,999 | |
| Listed | |||
| | |||
|
Amazing Direct Indian River Estate that was fully restored (spared no expense) in 2012 with 133' frontage and dock on the Indian River! Currently being used as a Bed&Breakfast. Main residence has 4 bed/4.5bath. Multi-Properties included in sale: 1 story 2bed/1ba cottage (744sqft), 2 story 2bed/1ba cottage (1176sqft -needs work) and a 1bed/1ba garage apartment (450sqft). More info coming soon!The manager has listed the unit size as 2658 square feet.
| |||
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Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: Additional Parking, Detached, Garage, Off Street, RV Access/Parking, Unassigned
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 9
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Elevator, Open Floorplan, Pantry, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer Stacked, Wine Cooler
Flooring Type: Tile, Vinyl, Wood
Laundry Features: In Garage, In Unit, Lower Level, Sink, Upper Level
Exterior Details
Square Footage: 6073
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Victorian, Historic
Year Built: 1913
Waterfront Features: Navigable Water, River Access, River Front
Waterbody Name: Indian River
Building Area Total: 8708
Levels: One, Two
Construction Materials: Block, Concrete, Fiber Cement, Frame, Wood Siding
Patio and Porch Features: Covered, Deck, Front Porch, Patio, Porch, Screened, Side Porch
Lot Features: Corner Lot, Many Trees, Sprinklers In Front, Sprinklers In Rear, Zero Lot Line, Historic Area
Lot Size Area: 0.72
Lot Size Units: Acres
Lot Size Acres: 0.72
Lot Size Square Feet: 31363.2
Water Source: Public
Financial Details
Tax Annual Amount: $15,892
Utilities Details
Cooling Type: Central Air, Varies by Unit, Split System
Heating Type: Central, Electric, Varies by Unit
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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About Chittendon and Mitchell
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Listed by: Kathie Johnson, ZOOM Realty Group LLC
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1063229
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1063229
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