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For SaleCondominium
$245K
220 S 5th Street #205, Cocoa Beach, FL 32931
Cocoa Beach neighborhood
Subdivision: Water Walk Condo Ph I
2
Bedrooms
2
Bathrooms
1,089
Sq Ft
1984
Year Built
$225 /sqft

About This Property

Description from listing agent

Fantastic GROUND FLOOR, 2 bedroom, 2 bath, Cocoa Beach unit has an open plan for you and your family. The living room is large with wide sliders with vertical blinds and most of the rooms have ceiling fans. The master bedroom has a great view out the vertical blind covered sliders looking into the screened patio that has a storage closet at one end. The kitchen has wide granite counters and stainless electric appliances with a pass-thru to the dining area. There is a large laundry closet by the front bedroom and bathroom. It is a pleasant walk to the community pool and tennis court. This unit is close to schools, churches, restaurants and shopping, just a short 3 block walk to the beach where you will have great views of the local rocket launches, 7.5 miles to Port Canaveral and the Cruise Ships and 50 miles to the Orlando airport

Space Coast Context

🚀 Launch Viewing — Great Views

17.6 mi from SLC-40

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

Aerospace Commute Guide
Blue Origin12.1 mi~27 min
Northrop12.6 mi~28 min
SpaceX12.8 mi~29 min
Lockheed12.9 mi~29 min
L3Harris14.6 mi~33 min
Boeing/KSC14.7 mi~33 min
KSC15.5 mi~35 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

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

Price History

Date
Event
Price
  • 7/3/26
    Price change
    $245K -2.0%
    $225/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 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
19.5% above median
Median comparable close: $205,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
94.1% of list price
At that rate, a competitive offer ≈ $230,641
Price Reductions
1 reduction
Originally listed at $245,000 · Cut $5,000 total
See & adjust the 4 comparable sales 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
0.09 acres (3,920 sqft)
Full Baths
2
Stories
2
HOA Fee
$505/mo
Days on Market
173
MLS Area
272 - Cocoa Beach

Community & HOA

HOA

Schools

Elementary

Roosevelt

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
Jan 26, 2026
Parcel #
25-37-15-00-00809.4-0000.00
$245K

Listing Agent (for property info)

M
Matthew A Hausmann
RE/MAX Aerospace Realty
321-652-3896
Call Listing Agent

Estimated Monthly Payment

$2,191/mo
Principal & interest
$1,291
Property taxes
$245
Insurance & HOA
$655

Based on a 6.90% rate, 30-year loan, and $245K price — down payment shown: $49,000.

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# 1067578

Interested in this property?

Equal Housing Opportunity

MLS# 1067578 · Listing Broker: RE/MAX Aerospace Realty · 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.