686 S Atlantic Avenue 1-8, Cocoa Beach, FL 32931

$1,599,900

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1046277

Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 7,940 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $1,599,900 List Date: 5/15/2025 Last Modified: 10/01/2025

Overview

Description

Rare opportunity to own this 8 Unit multifamily property in iconic Cocoa Beach, just 300 feet from the boardwalk and ocean access. Situated on a .34-acre corner lot, this unique property includes two quadplex buildings centered around a saltwater pool and surrounded by tropical landscaping. Operating as ''Sea Esta'' almost 40 years, this property offers a boutique-style experience, providing an alternative to high-rise hotels and crowded resorts. Ideal for investors, vacation rental operators, or boutique hotel concepts. One building was updated in 2009 with new electrical panels, windows, sliders, and tankless water heaters. Two new HVAC units installed in 2024. Each unit has its own wooden deck to enjoy. On-site parking, workshop and laundry facilities included. Adjoining vacant lot may also be available for purchase, offering potential for expansion. Own your hospitality! Don't miss this rare income-producing coastal GEM with unbeatable location and long-term upside

Listing Details MLS# 1046277

General Property Information

Number Of Buildings: 2
Number Of Units Total: 8
Bedrooms Total: 16
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 5976
Living Area Source: Assessor
Building Area Total: 7940
Accessibility Features YN: No
New Construction YN: No
Year Built: 1962
Garage YN: No
Carport YN: No
Open Parking Spaces: 13
Parking Total: 13
Lot Size Acres: 0.34
Lot Size Square Feet: 14810
Lot Size Dimensions: 150X100
Association YN: No
CDD Fee YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Negotiable
Stories Total: 2
Stories: 2
Entry Level: 2
Direction Faces: Southeast
Pool Private YN: Yes
Senior Community YN: No
List Price/SqFt: 267.72
Sold Price/SqFt: 267.72

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Oven; Electric Range; Instant Hot Water; Refrigerator; Tankless Water Heater; Washer Association Amenities: Barbecue; Community Pool; Laundry Construction Materials: Block; Stucco Cooling: Central Air Current Use: Commercial; Multi-Family; Other Electric: 100 Amp Service; 220 Volts in Workshop Exterior Features: Balcony; Courtyard; Outdoor Shower Fencing: Back Yard; Block; Privacy; Wood Financial Data Source: Owner Flooring: Carpet; Laminate; Terrazzo; Vinyl Heating: Central Laundry Features: Common Area Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot Other Structures: Shed(s); Workshop Owner Pays: None Parking Features: Parking Lot; Unassigned Pool Features: In Ground; Pool Sweep; Salt Water Possession: Close Of Escrow Road Frontage Type: City Street; State Road Road Surface Type: Asphalt Roof: Other Security Features: Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Other Utilities: Cable Available; Cable Connected; Electricity Connected; Separate Water Meters; Sewer Connected; Water Connected View: Pool Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Listing Agent Must Accompany; Showing Service

Contract Information

Original List Price: 2200000
Listing Contract Date: 2025-05-15
Property Sub Type: Multi Family
Comp Sale YN: No

Location Tax and Legal

Street Number: 686
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach

Remarks and Miscellaneous

Public Remarks: Rare opportunity to own this 8 Unit multifamily property in iconic Cocoa Beach, just 300 feet from the boardwalk and ocean access. Situated on a .34-acre corner lot, this unique property includes two quadplex buildings centered around a saltwater pool and surrounded by tropical landscaping. Operating as ''Sea Esta'' almost 40 years, this property offers a boutique-style experience, providing an alternative to high-rise hotels and crowded resorts. Ideal for investors, vacation rental operators, or boutique hotel concepts. One building was updated in 2009 with new electrical panels, windows, sliders, and tankless water heaters. Two new HVAC units installed in 2024. Each unit has its own wooden deck to enjoy. On-site parking, workshop and laundry facilities included. Adjoining vacant lot may also be available for purchase, offering potential for expansion. Own your hospitality! Don't miss this rare income-producing coastal GEM with unbeatable location and long-term upside

Status Change Information

Major Change Timestamp: 2025-10-01T23:30:49Z
Major Change Type: Status Change
Price Change Timestamp: 2025-07-30T16:16:21Z
Status Change Timestamp: 2025-10-01
Purchase Contract Date: 2025-09-03
Close Date: 2025-10-01
Close Price: 1599900

More Information

Closing Company Details

Closing Company Name: Superior Title Insurance Agency, Laurie Bohannan Escrow Officer
Closing Company Address: 1980 N. Atlantic Ave. Ste. 807, Cocoa Beach, FL 32931

Legal Details

Plat Book #: 11
Plat Book Page: 67

Unit 1 Details

Unit ID: #1
Actual Rent: 1950
Unit SqFt: 752
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Currently Not Rented

Unit 2 Details

Unit ID: #2
Actual Rent: 1950
Unit SqFt: 742
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Currently Not Rented

Unit 3 Details

Unit ID: #3
Actual Rent: 1950
Unit SqFt: 752
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Currently Not Rented

Unit 4 Details

Unit ID: #4
Actual Rent: 1950
Unit SqFt: 742
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Currently Not Rented

Unit 5 Details

Unit ID: #5
Unit SqFt: 752
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Not Ready To Be Rented

Unit 6 Details

Unit ID: #6
Unit SqFt: 742
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Not Ready To Be Rented

Unit 7 Details

Unit ID: #7
Unit SqFt: 752
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Not Ready To Be Rented

Unit 8 Details

Unit ID: #8
Unit SqFt: 742
Full Baths Total: Yes
Furnished: Negotiable
Unit Remarks: Not Ready To Be Rented

Listing Office: C. Apollo Realty Inc

Last Updated: October - 01 - 2025

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