$1,440,000
↓ $60K (4%)
●
Land -
For Sale
620 Dixon Boulevard
Cocoa, FL 32922
Studio
0 Bath
$8,308
Est. Monthly
About This Property
Unique, waterfront opportunity to develop 7 single family homes
along this quiet stretch of the Indian River, or create one heck of
an estate property, with over 800' of waterfront and nearly 7
acres! The 7 home site plan has been approved by the City of Cocoa
and full plans are available to go right to construction. 2nd
parcel behind the 1st insures a beautiful, nature rich feeling to
the entire setting. Community boat dock could be added. Just a
short ride away from quaint Cocoa Village, beautiful beaches, all
of the Space and tech industry employers and a direct shot to
everything Orlando. Call today for more information on this rare
and special waterfront property !
Unit Size
-
Days on Market
112 days
Land Size
6.67 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,237
HOA Dues
-
Year Built
-
Listed By
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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: 12 days ago (Space Coast MLS #1079531)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$1,440,000
↓ $60K
(4%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by One Sotheby's International | $1,500,000 | |
| Listed by One Sotheby's International | |||
| Dec 23, 2021 | Sold | ||
| Sold | |||
| Dec 20, 2018 | Listed by One Sotheby's International | $1,500,000 | |
| Listed by One Sotheby's International | |||
| | |||
|
800 feet of Indian River frontage with riparian rights. 6.67 acres zoned for residential permits (wetlands on site) plus .32 acres of shoreline parcel. Environmental (SJWMD & US Army Corp of Engineer) permits in hand for 7 single family lots, sizing between .5 and .63 acres, each lot will have riparian rights and dock permits, see preliminary plat. Situated along scenic Indian River Drive just a few miles North of Cocoa Village and Cocoa Beach. Enjoy the flair of historic Cocoa Village with all its unique stores and restaurants, relax at the Cocoa riverfront park or take a short drive over the causeway to explore the beach and famous Cocoa Beach Pier. Conveniently located between state road 520 and 528 leading to Orlando and I-95 corridor.
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: Navigable Water, River Access, River Front, Intracoastal
Waterbody Name: Indian River
Lot Features: Other
Lot Size Area: 6.67
Lot Size Units: Acres
Lot Size Acres: 6.67
Lot Size Square Feet: 216058
Water Source: Public
Financial Details
Tax Annual Amount: $14,840
Utilities Details
Sewer : Public Sewer
Comparables
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About Cocoa
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Listed by: David Settgast, One Sotheby's International
Last Updated: 12 days ago
Data Source: Space Coast MLS, MLS# 1079531
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: 12 days ago
Data Source: Space Coast MLS, MLS# 1079531
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