1032 Park Drive 1-4, Indian Harbour Beach, FL 32937

$1,175,000

Property Type: Commercial Sale Baths: 4 Square Footage: 3,080 Lot Size (sq. ft.): 9,348 Status: Pending

Current Price: $1,175,000 List Date: 2/26/2026 Last Modified: 8/14/2026

Overview

Description

Fantastic opportunity to acquire a turnkey, income-producing coastal asset just steps from the Atlantic Ocean. Completely renovated in 2022, this boutique-style retreat blends lifestyle appeal with strong investment fundamentals. The property features four spacious two-bedroom, one-bath units, each with a full kitchen, dining area, living room, private bath, and charming coffee nook--designed to maximize comfort and repeat bookings. Modern upgrades and curated finishes create a high-demand short-term rental experience. Guest-focused amenities drive premium occupancy, including keyless entry, balcony lounge, BBQ patio, game area, hammock niche, private laundry, outdoor shower, and beach accessories. Native landscaping and luxury artificial turf minimize maintenance and expenses. Proven positive cash flow, attractive cap rate, and strong rental history make this ideal for portfolio growth or a 1031 exchange. Showings between bookings; financials readily available for qualified buyers

Listing Details MLS# 1070436

General Property Information

Number Of Units Total: 4
Bathrooms Total: 4
Building Area Total: 3080
Year Built: 1964
Building Name: Lora Square
Lot Size Acres: 0.2146
List Price/SqFt: 381.49

Property Features

Building Features: Laundry; Lobby; Lounge Construction Materials: Block; Concrete; Frame; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Current Use: Multi-Family; Other Existing Lease Type: Other Fencing: Wood; Other Flooring: Tile; Vinyl Heating: Central; Electric Listing Terms: Cash; Conventional Lot Features: Sprinklers In Front; Sprinklers In Rear Parking Features: Assigned Possession: Close Of Escrow Road Frontage Type: City Street Roof: Shingle Sale Includes: Business with Real Estate Sewer: Public Sewer Showing Considerations: Occupied Showing Requirements: Appointment Only; Combination Lock Box; Showing Service Water Source: Public

Contract Information

Original List Price: 1270000
Listing Contract Date: 2026-02-24
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 1032
Street Name: Park
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Seminole Heights

Remarks and Miscellaneous

Public Remarks: Fantastic opportunity to acquire a turnkey, income-producing coastal asset just steps from the Atlantic Ocean. Completely renovated in 2022, this boutique-style retreat blends lifestyle appeal with strong investment fundamentals. The property features four spacious two-bedroom, one-bath units, each with a full kitchen, dining area, living room, private bath, and charming coffee nook--designed to maximize comfort and repeat bookings. Modern upgrades and curated finishes create a high-demand short-term rental experience. Guest-focused amenities drive premium occupancy, including keyless entry, balcony lounge, BBQ patio, game area, hammock niche, private laundry, outdoor shower, and beach accessories. Native landscaping and luxury artificial turf minimize maintenance and expenses. Proven positive cash flow, attractive cap rate, and strong rental history make this ideal for portfolio growth or a 1031 exchange. Showings between bookings; financials readily available for qualified buyers