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For SaleCondominium
$775K
2001 Julep Drive #201, Cocoa Beach, FL 32931
Cocoa Beach neighborhood
Subdivision: Magnolia Bay Condo Ph I
3
Bedrooms
3
Bathrooms
2,455
Sq Ft
2006
Year Built
$316 /sqft

About This Property

Description from listing agent

Experience Magnolia Bay's premier top-floor southwest corner residence, where spectacular sunsets and endless River views take center stage. Abundant natural light fills the condo, creating an unforgettable backdrop from nearly every room. Designed with soaring 10' ceilings, expansive impact windows and sliders, and an open floor plan, the spacious balcony is the perfect place to relax and soak in the breathtaking scenery. Fresh interior paint and new carpet make this condo move-in ready. Additional highlights include three private garage spaces and a large storage room--an uncommon luxury. Magnolia Bay offers a heated pool, spa, fitness center, clubhouse, fishing pier, kayak launch, and beautifully maintained waterfront grounds. Milestone Inspection and SIRS requirements are complete.

Space Coast Context

🚀 Launch Viewing — Great Views

19.2 mi from SLC-40

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

Aerospace Commute Guide
Northrop11 mi~25 min
L3Harris13 mi~29 min
Blue Origin13.5 mi~30 min
SpaceX14.4 mi~32 min
Lockheed14.4 mi~32 min
Boeing/KSC16.3 mi~36 min
KSC17 mi~38 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 8/7/26
    Listed
    $775K
    $316/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
10.7% above median
Median comparable close: $700,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.9% of list price
At that rate, a competitive offer ≈ $758,847
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

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
0.03 acres (1,307 sqft)
Full Baths
3
Garage
3 car
HOA Fee
$875/mo
Waterfront
Banana River
Days on Market
20
MLS Area
272 - Cocoa Beach

Community & HOA

HOA

  • Name: Magnolia Bay Condo Association
  • Fee: $875 / monthly

Schools

Elementary

Roosevelt

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
Aug 7, 2026
Parcel #
25-37-26-25-0000h.0-0007.07
$775K

Listing Agent (for property info)

B
Bobby W Freeman III
Compass Florida, LLC
321-693-1694
Call Listing Agent

Estimated Monthly Payment

$5,883/mo
Principal & interest
$4,083
Property taxes
$775
Insurance & HOA
$1,025

Based on a 6.90% rate, 30-year loan, and $775K price — down payment shown: $155,000.

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# 1084451

What's Nearby

schools
Freedom 7 Elementary School
1.7 mi away
schools
Defense Equal Opportunity Management Institution
2.0 mi away
shopping
Food & Beverage
2.1 mi away
government
Patrick AFB Post Office
2.2 mi away
fire stations
Cocoa Beach Fire Department Station 51
2.2 mi away
government
Cocoa Beach City Hall
2.2 mi away
movie theaters
Patrick Sharkatorium
2.2 mi away
restaurants
Wahoo Coffee
2.2 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1084451 · Listing Broker: Compass Florida, LLC · 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.