1032 Park Drive 1-4, Satellite Beach, FL 32937

$1,175,000

Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,080 Lot Size (sq. ft.): 9,348 Status: Pending

Current Price: $1,175,000 List Date: 3/05/2026 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# 1071047

General Property Information

Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3080
New Construction YN: No
Year Built: 1964
Garage YN: No
Parking Total: 8
Lot Size Acres: 0.2146
Association YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: 2
Stories: 2
Entry Level: Yes
Direction Faces: South
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 381.49
Lot Size Square Feet: 9348
Carport YN: No
Open Parking Spaces: 8

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer Construction Materials: Brick; Frame; Stucco Cooling: Central Air; Electric Current Use: Residential Exterior Features: Balcony; Courtyard; Outdoor Shower Fencing: Wood Flooring: Concrete; Tile; Vinyl Heating: Central; Electric Laundry Features: Common Area; Electric Dryer Hookup; Lower Level; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Sprinklers In Front; Sprinklers In Rear Other Structures: Other Parking Features: Assigned; Parking Lot Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Security Features: Other Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Combination Lock Box; No Sign

Contract Information

OriginalListPrice: 1270000
Listing Contract Date: 2026-03-04
Property Sub Type: Quadruplex

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

Status Change Information

Major Change Timestamp: 2026-08-14T21:48:29Z
Major Change Type: Status Change
Price Change Timestamp: 2026-08-06T20:10:14Z
StatusChangeDate: 2026-08-14
Purchase Contract Date: 2026-08-14

More Information

Closing Company Details

Closing Company Name: Closed Title
Closing Company Address: 503 Inwood Ln

DPR Eligible

DPR Eligible: Yes

Unit 1 Details

Unit ID: Yes
Actual Rent: 30000
Unit SqFt: 770
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Bottom Floor Unit

Unit 2 Details

Unit ID: 2
Actual Rent: 30000
Unit SqFt: 770
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Bottom Floor Unit

Unit 3 Details

Unit ID: 3
Actual Rent: 30000
Unit SqFt: 770
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Top Floor Unit

Unit 4 Details

Unit ID: 4
Actual Rent: 30000
Unit SqFt: 770
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Top Floor Unit

Location, Tax, and Legal

Tax Account: 2747487
Directions: From Hwy A1a go West on Pinetree Drive then go North on School Road. Make a Right on Park Drive. The building is on the left.

Listing Office: Venture Inv. Prop & Mgt Corp

Last Updated: August - 14 - 2026

Information is deemed to be reliable, but is not guaranteed.