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For SaleMulti-Family
$1.4M
492 Dempsey Drive, Cocoa Beach, FL 32931
Cocoa Beach neighborhood
Subdivision: Convair Cove
5
Bedrooms
4
Bathrooms
2,919
Sq Ft
1957
Year Built
$476 /sqft

About This Property

Description from listing agent

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!!

Space Coast Context

🚀 Launch Viewing — Great Views

16.6 mi from SLC-40

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

Aerospace Commute Guide
Blue Origin11.3 mi~25 min
SpaceX11.9 mi~27 min
Lockheed12 mi~27 min
Northrop13.6 mi~30 min
Boeing/KSC13.7 mi~31 min
KSC14.4 mi~32 min
L3Harris15.6 mi~35 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
  • 8/21/24
    Listed
    $1.4M
    $476/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

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
0.26 acres (11,326 sqft)
Full Baths
4
Garage
2 car (attached)
Fireplaces
1
Waterfront
Canal Navigational to Banana River
Pool
Yes
Days on Market
442
MLS Area
272 - Cocoa Beach

Schools

Elementary

Roosevelt

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
May 1, 2025
Parcel #
25-37-10-75-00000.0-0075.00
$1.4M

Listing Agent (for property info)

P
Pamela G Durkin
Coconut Properties Fl Real Est
321-431-4135
Call Listing Agent

Estimated Monthly Payment

$8,864/mo
Principal & interest
$7,324
Property taxes
$1,390
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.4M price — down payment shown: $278,000.

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# 1022812

Interested in this property?

Equal Housing Opportunity

MLS# 1022812 · Listing Broker: Coconut Properties Fl Real Est · 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.