492 Dempsey Drive, Cocoa Beach, FL 32931 (MLS# 1022812)

492 Dempsey Drive, Cocoa Beach, FL 32931

$1,390,000
Property Type: Residential Income Bedrooms: 5 Baths: 4 Square Footage: 3,490 Lot Size (sq. ft.): 11,326 Status: Pending
Current Price: $1,390,000 List Date: 5/01/2025 Last Modified: 4/28/2026

Description

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: Deep water and easy access to the open river!!

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 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, and a new 600 square foot deck was installed 2021! The deck is a fabulous place to take in the beautiful sunsets over the park, river and islands. The HVAC and duct work replaced 2023, all new stainless-steel appliances with gas stove 2020, beautiful cabinets and well-designed bathroom.

More Information MLS# 1022812

Contract Information

Comp Sale YN: No Current Price: $1,390,000 Original List Price: 1849000 List Price: $1,390,000 Status: Pending Listing Contract Date: 2024-08-21 Property Sub Type: Duplex

Location, Tax, and Legal

Tax Account: 2517043 Parcel Number: 25-37-10-75-00000.0-0075.00 General County Location: Central Elementary School: Roosevelt Middle School: Cocoa Beach High School: Cocoa Beach Tax Annual Amount: 7413.99 Tax Year: 2022 Tax Legal Description: CONVAIR COVE LOT 75 Directions: A1A to 3rd st North. Head West to Cedar. turn right then left on Dempsey head west last house on the Left

General Property Information

Number Of Buildings: 1 Number Of Units Total: 2 Stories Total: 2 Bathrooms Half: 0 Living Area: 2919 Living Area Source: Public Records Building Area Total: 3490 Lot Size Acres: 0.26 Lot Size Square Feet: 11326 Accessibility Features YN: Yes Association YN: No New Construction YN: No Garage YN: Yes Garage Spaces: 2 Carport YN: No Waterfront YN: Yes Water Body Name: Canal Navigational to Banana River Open Parking Spaces: 4 Senior Community YN: No Water Body Access YN: No Furnished: Unfurnished Stories: 2 Entry Level: 12 Direction Faces: North Pool Private YN: Yes List Price/SqFt: 476.19 Bedrooms Total: 5 Bathrooms Total: 4 Bathrooms Full: 4 Year Built: 1957

Remarks and Miscellaneous

Public Remarks: 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: Deep water and easy access to the open river!!

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Cooktop: 1 Electric Range: 1 Gas Cooktop: 1 Gas Range: 1 Gas Water Heater: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Construction Materials

Block: 1 Frame: 1 Stucco: 1

Cooling

Central Air: 1 Electric: 1 Multi Units: 1 Separate Meters: 1 Split System: 1 Varies by Unit: 1

Current Use

Hotel/Motel: 1 Investment: 1 Mixed Use: 1 Multi-Family: 1 Residential: 1

DPR Eligible

DPR Eligible: No

Exterior Features

Dock: 1 Impact Windows: 1

Fencing

Back Yard: 1 Chain Link: 1 Fenced: 1 Wood: 1

Fireplace Features

Fireplaces Total: 1 Wood Burning: 1

Flooring

Laminate: 1 Tile: 1

Heating

Central: 1 Electric: 1

Laundry Features

In Garage: 1 Multiple Locations: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Corner Lot: 1 Cul-De-Sac: 1 Dead End Street: 1 Few Trees: 1

Other Structures

Shed(s): 1

Parking Features

Attached: 1 Garage: 1

Pool Features

In Ground: 1

Possession

Close Of Escrow: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Special Listing Conditions

Corporate Owned: 1 Standard: 1

Unit 1 Details

Unit ID: 1 Actual Rent: 0 Unit SqFt: 2199 Beds Total: 3 Full Baths Total: 3 Furnished: Unfurnished Unit Remarks: Rent is per night - Airbnb rents vary

Unit 2 Details

Unit ID: 2 Actual Rent: 0 Unit SqFt: 720 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished Unit Remarks: Rent is per night - Airbnb rents vary

Utilities

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1 Separate Electric Meters: 1 Sewer Connected: 1 Water Connected: 1

View

Canal: 1 Pool: 1 Water: 1

Water Source

Public: 1

Waterfront Features

Canal Front: 1 Navigable Water: 1 No Fixed Bridges: 1 River Access: 1 Seawall: 1

Showing Requirements

Call Listing Agent: 1 Lockbox: 1 Showing Service: 1

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

Status Change Information

Major Change Timestamp: 2026-04-28T17:25:21Z Major Change Type: Status Change Price Change Timestamp: 2025-08-19T20:52:09Z Status Change Timestamp: 2026-04-28 Purchase Contract Date: 2026-04-28

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer Construction Materials: Block; Frame; Stucco Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit Current Use: Hotel/Motel; Investment; Mixed Use; Multi-Family; Residential Exterior Features: Dock; Impact Windows Fencing: Back Yard; Chain Link; Fenced; Wood Fireplace Features: Wood Burning Flooring: Laminate; Tile Heating: Central; Electric Laundry Features: In Garage; Multiple Locations 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 Pool Features: In Ground Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Special Listing Conditions: Corporate Owned; Standard Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Sewer Connected; Water Connected View: Canal; Pool; Water Water Source: Public Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall Showing Requirements: Call Listing Agent; Lockbox; Showing Service
Listing Office: Coconut Properties Fl Real Est
Last Updated: April - 28 - 2026
Information is deemed to be reliable, but is not guaranteed.

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