492 Dempsey Drive, Cocoa Beach, FL 32931

$1,262,500

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1022709

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,490 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $1,262,500 List Date: 5/01/2025 Last Modified: 7/06/2026

Overview

Description

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:

Supplements: 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 ... (Read more)

Listing Details MLS# 1022709

General Property Information

Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2919
Living Area Source: Public Records
Building Area Total: 3490
Accessibility Features YN: Yes
New Construction YN: No
Year Built: 1957
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Canal Navigational to Banana River
Water Frontage Feet: 150
Land Site Description: Canal & River Park
Furnished: Unfurnished
Stories: 2
Entry Level: 12
Direction Faces: North
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 476.19
Sold Price/SqFt: 432.51

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer Architectural Style: Contemporary; Multi Generational; Other Construction Materials: Block; Frame; Stucco Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit Current Use: Hotel/Motel; Investment; Multi-Family; Residential Exterior Features: Dock Fencing: Back Yard; Chain Link; Fenced; Privacy; Wood Fireplace Features: Wood Burning Flooring: Laminate; Tile Heating: Central; Electric Interior Features: Built-in Features; Ceiling Fan(s); Entrance Foyer; Guest Suite; His and Hers Closets; In-Law Floorplan; Open Floorplan; Primary Bathroom - Shower No Tub; Primary Downstairs Laundry Features: In Garage; Lower Level Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Cul-De-Sac; Dead End Street; Few Trees Other Structures: Shed(s) Parking Features: Attached; Garage Patio And Porch Features: Covered; Deck; Front Porch; Patio; Rear Porch Pets Allowed: Yes Pool Features: In Ground Possession: Close Of Escrow Water Body Access Type: Community Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; Lockbox; Showing Service Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Canal; Pool; River Water Source: Public Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall

Contract Information

Original List Price: 184900
Listing Contract Date: 2024-08-19
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 492
Street Name: Dempsey
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Convair Cove

Remarks and Miscellaneous

Public Remarks: 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:

Status Change Information

Major Change Timestamp: 2026-07-06T21:55:08Z
Major Change Type: Status Change
Price Change Timestamp: 2025-08-19T21:24:33Z
Status Change Timestamp: 2026-07-06
Purchase Contract Date: 2026-04-28
Close Date: 2026-06-29
Close Price: 1262500

More Information

DPR Eligible

DPR Eligible: No

Fireplace Features

Fireplaces Total: Yes

Legal Details

Permission Granted to Advertise: Yes

Documents

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Personal Property Checklist ›

Listing Office: Coconut Properties Fl Real Est

Last Updated: July - 06 - 2026

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