See Home Value
$1,262,500
● House - Off Market

492 Dempsey Drive

Cocoa Beach, FL 32931
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,919 Ft²
$7,443
Est. Monthly
2.56%
Cap Rate

About This Property

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: 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.
Unit Size
2,919 Ft²
Days on Market
424 days
Land Size
0.26 acres
Price per sqft
$476
Property Type
House
Property Taxes
$618
HOA Dues
-
Year Built
1957

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Space Coast MLS #1022709)

Price History

Date / Event Date Event Price
Jun 29, 2026 Sold
Sold
Apr 28, 2026 In contract -
In contract
Aug 19, 2025 Price Decreased $1,390,000
↓ $110K (7.3%)
Price Decreased
Jul 29, 2025 Price Decreased $1,500,000
↓ $90K (5.7%)
Price Decreased
Mar 15, 2025 Price Decreased $1,590,000
↓ $70K (4.2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 34
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,866
  • Gross Building Area: 2,866
  • Building Area: 2,319
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,319
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONVAIR COVE
  • Land Acres: 0000000260
  • Standard Land Use Code: 1110
  • County Land Use Code: 0855
  • State Land Use Code: 008
  • Legal Description 1: CONVAIR COVE LOT 75

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071700

Zoning

  • Zoning: RS1

Geography

  • Assessors Map Reference: MB 12 PG 33
  • Account Number: 2517043
  • Parcel: 25-37-10-75-00000.0-0075.00
  • Lot: 75
  • Meridian: SEC 10 TWN 25S RNG 37E
  • Municipality: COCOA BEACH
  • Latitude: 28.3238
  • Longitude: -80.6161

    Address

  • Full Address: 492 Dempsey Dr
  • Address - House Number: 492
  • Address - Street Name: Dempsey
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Cocoa Beach
  • Carrier Code: C006
  • 4-Digit Zip Code: 2806
  • Zip Code: 32931

Valuation

    Tax

  • Total Area: 2,825
  • Tax Year: 2022
  • Tax Amount: $887,264
  • Tax Rate Code Area: 26H0

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 570,363
  • High Value: 819,511
  • Low Value: 321,214

    Market Valuation

  • Market Total Value: $617,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $617,400

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020196146
  • Previous Sale Recording Date: Jun 09, 2016
  • Previous Sale Contract Date: Jun 09, 2016
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Convair Cove


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1830 N Atlantic Avenue, Cocoa Beach, FL, 32931

$3,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,256 ft²
1830 N Atlantic Avenue #502, Cocoa Beach, FL, 32931 Listing by Debra Ann Roth
Unit for rent at 55 N 4th Street, FL, 32931

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,702 ft²
55 N 4th Street #401, FL, 32931 Listing by Celeste Van Ewyk
Unit for rent at 1445 Bayshore Drive, FL, 32931

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
1445 Bayshore Drive, FL, 32931 Listing by Celeste Van Ewyk


Frequently Asked Questions

When was property at 492 Dempsey Drive built and last sold?
The property at 492 Dempsey Drive was built in 1957 and last sold on Sep 4, 2020 for $435,000.
How much is this home worth?
The estimated value of the home located at 492 Dempsey Drive is $1,867,490.
What are some comparable homes to 492 Dempsey Drive?
There are currently no comparable homes to 492 Dempsey Drive.