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For SaleSingle Family Home
$745K
364 Formosa Drive, Cocoa Beach, FL 32931
Cocoa Beach neighborhood
Subdivision: Cocoa Isles 8th Addn
3
Bedrooms
3
Bathrooms
1,752
Sq Ft
1962
Year Built
$425 /sqft

About This Property

Description from listing agent

Welcome to coastal living in the heart of Cocoa Beach! This exceptional property features a fully equipped accessory dwelling unit (ADU) with its own private entrance and full kitchen, offering flexibility for multi-generational living or potential rental opportunities, making it a rare and highly desirable feature in today's market. This home offers 3 bedrooms, 3 full bathrooms, spacious living areas, two screened porches, a comfortable layout designed for everyday living, and a two-car garage with workshop space. The private fenced backyard offers room for a pool, while the oversized driveway provides space for recreational vehicles, boats, or additional parking. Located just minutes from the beach, you'll enjoy convenient access to dining, shopping, parks, schools, the library, and post office. With no HOA, whether you're searching for a primary residence, vacation home, or investment property, this home offers endless possibilities to fit your lifestyle.

Space Coast Context

🚀 Launch Viewing — Great Views

16.5 mi from SLC-40

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

Aerospace Commute Guide
Blue Origin11.1 mi~25 min
SpaceX11.7 mi~26 min
Lockheed11.8 mi~26 min
Boeing/KSC13.5 mi~30 min
Northrop13.7 mi~31 min
KSC14.3 mi~32 min
L3Harris15.7 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
  • 7/9/26
    Price change
    $745K -1.8%
    $425/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 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
16.8% above median
Median comparable close: $638,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
99.1% of list price
At that rate, a competitive offer ≈ $738,123
Price Reductions
1 reduction
Originally listed at $745,000 · Cut $14,000 total
See & adjust the 2 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
0.22 acres (9,583 sqft)
Full Baths
3
Total Rooms
4
Garage
2 car
Days on Market
100
MLS Area
272 - Cocoa Beach

Schools

Elementary

Roosevelt

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
May 23, 2026
Parcel #
25-37-10-03-0000n.0-0008.00
$745K

Listing Agent (for property info)

M
Matthew Leckel
First Peak Real Estate
973-460-8052
Call Listing Agent

Estimated Monthly Payment

$4,820/mo
Principal & interest
$3,925
Property taxes
$745
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $745K price — down payment shown: $149,000.

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# 1078144

What's Nearby

government
Cocoa Beach Post Office
0.2 mi away
shopping
Shut Up & Fish
0.3 mi away
restaurants
Simply Delicious
0.5 mi away
coffee shops
Simply Delicious
0.5 mi away
restaurants
Green Room
0.5 mi away
coffee shops
Green Room
0.5 mi away
restaurants
Surfinista
0.5 mi away
coffee shops
Surfinista
0.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1078144 · Listing Broker: First Peak Real Estate · 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.