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For SaleMulti-Family
$1.1M
7522 Magnolia Avenue #1-6, Cape Canaveral, FL 32920
Cape Canaveral neighborhood
Subdivision: Avon By The Sea
12
Bedrooms
0
Bathrooms
3,872
Sq Ft
1958
Year Built
$271 /sqft

About This Property

Description from listing agent

GREAT OPPORTUNITY Multi-Family with steps to the beach; and near new complexes and upgrade to City park. 6 Units total, all 2 bedrooms & 1 bathroom and approximately 650 SqFt with backyards or balconies. Zero vacancy rate at this well maintained complex, almost all units renovated within the last 5 years, Newer AC less than 2 years old, sturdy concrete construction, 15 year old flat roof with continuous maintenance and joints flashed within the last 2 years, New gutter system within the last 2 years, Upgraded electrical, and fresh paint. CORNER LOCATION and great mix of qualified tenants. XLNT location near all thoroughfares with easy access to Port Canaveral, 520, 528, Kennedy Space center, Patrick AFB, shopping centers, fine dining, amenities & services, entertainment, downtown Cocoa Beach, Ron Jon surf shop, and just an hour to Orlando International Airport and Orlando areas/ attractions. Tremendous income potentials.

Space Coast Context

🚀 Launch Viewing — Great Views

12.3 mi from SLC-40

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

Aerospace Commute Guide
Blue Origin7.2 mi~16 min
SpaceX7.5 mi~17 min
Lockheed7.6 mi~17 min
Boeing/KSC9.8 mi~22 min
KSC10.8 mi~24 min
Northrop17.9 mi~40 min
L3Harris19.9 mi~44 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.

Price History

Date
Event
Price
  • 6/20/26
    Price change
    $1.1M +4.5%
    $271/sqft
  • 6/19/26
    Price change
    $1.0M -12.6%
    $260/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
1 reduction
Originally listed at $1,005,000 · Cut $145,000 total
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
0.14 acres (6,098 sqft)
Days on Market
86
MLS Area
271 - Cape Canaveral

Schools

Elementary

Cape View

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
Apr 30, 2026
Parcel #
24-37-23-Cg-00044.0-0008.00
$1.1M

Listing Agent (for property info)

V
Vincent Keenan
Vincent Keenan, REALTORS
321-693-0187
Call Listing Agent

Estimated Monthly Payment

$6,732/mo
Principal & interest
$5,532
Property taxes
$1,050
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.1M price — down payment shown: $210,000.

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# 1076055

Interested in this property?

Equal Housing Opportunity

MLS# 1076055 · Listing Broker: Vincent Keenan, REALTORS · 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.