For SaleSingle Family Home
$429K
488 Watermark Drive, Cocoa, FL 32927
Cocoa neighborhood
Subdivision: Watermark Phase 1 and 2
4
Bedrooms
3
Bathrooms
2,560
Sq Ft
2026
Year Built
$168 /sqft

About This Property

Description from listing agent

Discover the spacious and versatile Cape floorplan, our only two-story home with over 2,500 sq. ft. of thoughtfully designed living space with stunning conservation views! This exceptional home is perfect for modern living, featuring a welcoming flex space at the front entry, an expansive second-floor loft, and an open-concept layout with impressive 9'4'' first-floor ceilings. Stylish tile flooring enhances the 1st floor main living areas, while the spacious Great Room is ideal for gathering and entertaining. The well-appointed kitchen boasts beautiful cabinetry, sleek quartz countertops, stainless steel appliances, and a generous walk-in pantry. Future community amenities include a resort-style pool, shaded cabana, and playground. Ideally located, Watermark offers the perfect blend of comfort and convenience with direct access to SR 528, just 50 minutes from Orlando, 12 minutes from Port Canaveral, and only 20 minutes from Jetty Park for beach days and fishing.

Space Coast Context

🚀 Launch Viewing — Great Views

13.8 mi from SLC-40

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

Aerospace Commute Guide
KSC7.2 mi~16 min
Boeing/KSC8.4 mi~19 min
SpaceX11.8 mi~26 min
Lockheed12.5 mi~28 min
Blue Origin14.2 mi~32 min
Northrop24 mi~53 min
L3Harris25.7 mi~57 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
  • 2/2/26
    Listed
    $429K
    $168/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 6 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
7.5% above median
Median comparable close: $399,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.8% of list price
At that rate, a competitive offer ≈ $424,000
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 6 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
0.16 acres (6,970 sqft)
Full Baths
2
Half Baths
1
Total Rooms
9
Garage
2 car (attached)
HOA Fee
$75/mo
Days on Market
140
MLS Area
212 - Cocoa - West of US 1

Community & HOA

HOA

  • Name: WATERMARK OF COCOA COMMUNITY ASSOCIATION, INC
  • Fee: $75 / monthly

Schools

Elementary

Fairglen

Middle School

McNair

High School

Cocoa

Financial & Listing Details

Listed
Feb 2, 2026
Parcel #
23-36-30-51-0000a.0-0006.00
$429K

Listing Agent (for property info)

S
Stephen P Wood
Risewell Homes FL LLC
321-231-2077
Call Listing Agent

Estimated Monthly Payment

$2,914/mo
Principal & interest
$2,260
Property taxes
$429
Insurance & HOA
$225

Based on a 6.90% rate, 30-year loan, and $429K price — down payment shown: $85,798.

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# 1068301

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Equal Housing Opportunity

MLS# 1068301 · Listing Broker: Risewell Homes FL 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.