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For SaleMulti-Family
$990K
131 Cedar Avenue, Cocoa Beach, FL 32931
Cocoa Beach neighborhood
Subdivision: None
5
Bedrooms
4
Bathrooms
2,475
Sq Ft
1973
Year Built
$400 /sqft

About This Property

Description from listing agent

Located in the heart of downtown Cocoa beach just a five minute walk from the beach, this exceptional income-producing Duplex opportunity featuring two spacious units with strong flexibility for investors or owner-occupants. The South Unit spans 1,391 sq ft with 3 bedrooms and 3 bathrooms, attached garage, and a private fenced yard. This unit has been fully renovated with approximately $330,000 in improvements, including a new foundation, updated electrical, and plumbing. A tenant is currently in place on a month-to-month lease providing immediate income. The North unit offers 1,243 sq ft with 2 bedrooms and 1 bathroom, laundry room, a carport, covered back porch, and fenced yard. This unit is currently vacant, making it ideal for immediate occupancy or rental at market rate. Both units feature new central heating and cooling, along with a brand new metal roof (2025). A firewall separation offers potential to sell individually, adding unique flexibility and value.

Space Coast Context

🚀 Launch Viewing — Great Views

16.8 mi from SLC-40

16.8 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
Blue Origin11.4 mi~25 min
SpaceX12 mi~27 min
Lockheed12.1 mi~27 min
Northrop13.4 mi~30 min
Boeing/KSC13.9 mi~31 min
KSC14.7 mi~33 min
L3Harris15.4 mi~34 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.17 acres (7,405 sqft)
Full Baths
4
Garage
1 car (attached)
Days on Market
79
MLS Area
272 - Cocoa Beach

Schools

Elementary

Roosevelt

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
May 7, 2026
Parcel #
25-37-10-82-00114.A-0016.00
$990K

Listing Agent (for property info)

C
Cliff Glansen
FlatFee.com
877-575-5505
Call Listing Agent

Estimated Monthly Payment

$6,356/mo
Principal & interest
$5,216
Property taxes
$990
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $990K price — down payment shown: $198,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1076717

Interested in this property?

Equal Housing Opportunity

MLS# 1076717 · Listing Broker: FlatFee.com · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.