1032 Park Drive, Satellite Beach, FL 32937
- $1,220,000
- 8
- BD
- 4
- BA
- 3,080
- SqFt
- List Price
- $1,220,000
- Price Change
- ▼ $50,000 1778188740
- MLS#
- 1071047
- Status
- ACTIVE
- Type
- Multifamily
- County
- Brevard
- City
- Satellite Beach
- Area
- Satellite Bch/Indian Harbour Bch
- Subdivision
- Seminole Heights
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,080
- Total Square Feet
- 9,348
- Acres
- 0.21
- Year Built
- 1964
- Days on Market
- 146
Property Description
Fantastic opportunity to acquire a turnkey, income-producing coastal asset just steps from the Atlantic Ocean. Completely renovated in 2022, this boutique-style retreat blends lifestyle appeal with strong investment fundamentals. The property features four spacious two-bedroom, one-bath units, each with a full kitchen, dining area, living room, private bath, and charming coffee nook--designed to maximize comfort and repeat bookings. Modern upgrades and curated finishes create a high-demand short-term rental experience. Guest-focused amenities drive premium occupancy, including keyless entry, balcony lounge, BBQ patio, game area, hammock niche, private laundry, outdoor shower, and beach accessories. Native landscaping and luxury artificial turf minimize maintenance and expenses. Proven positive cash flow, attractive cap rate, and strong rental history make this ideal for portfolio growth or a 1031 exchange. Showings between bookings; financials readily available for qualified buyers
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Additional Information
- Tax Year
- 2025
- Tax Amount
- $2,944
- Exterior Features
- Balcony, Courtyard, Outdoor Shower
- Location Description
- Sprinklers In Front, Sprinklers In Rear
- Equipment And Appliances
- Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Exterior Finish
- Frame, Stucco, Brick
- Construction
- Frame, Stucco, Brick
- Roof
- Shingle
- Floor
- Concrete, Tile, Vinyl
- Parking
- Assigned, Parking Lot
- Parking Spaces
- 8
- Elementary School
- Ocean Breeze
- Middle School
- Hoover
- High School
- Satellite
Mortgage Calculator
Listing courtesy of Venture Inv. Prop & Mgt Corp.