1032 Park Drive 1-4, Indian Harbour Beach, FL 32937

$1,220,000
Property Type: Commercial Sale Baths: 4 Square Footage: 3,080 Lot Size (sq. ft.): 9,348 Status: Active
Current Price: $1,220,000 List Date: 2/26/2026 Last Modified: 5/07/2026

Overview

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

Listing Details MLS# 1070436

General Property Information

Number Of Units Total
4
Bathrooms Total
4
Building Area Total
3080
Year Built
1964
Building Name
Lora Square
Lot Size Acres
0.2146
List Price/SqFt
396.1

Property Features

Building Features: Laundry; Lobby; Lounge Construction Materials: Block; Concrete; Frame; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Current Use: Multi-Family; Other Existing Lease Type: Other Fencing: Wood; Other Flooring: Tile; Vinyl Heating: Central; Electric Listing Terms: Cash; Conventional Lot Features: Sprinklers In Front; Sprinklers In Rear Parking Features: Assigned Possession: Close Of Escrow Road Frontage Type: City Street Roof: Shingle Sale Includes: Business with Real Estate Sewer: Public Sewer Showing Considerations: Occupied Showing Requirements: Appointment Only; Combination Lock Box; Showing Service Water Source: Public

Contract Information

Original List Price
1270000
Listing Contract Date
2026-02-24
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
1032
Street Name
Park
Street Suffix
Drive
County
Brevard
State
FL
Postal Code
32937
MLS Area Major
382-Satellite Bch/Indian Harbour Bch
Subdivision Name
Seminole Heights

Remarks and Miscellaneous

Public Remarks
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

Status Change Information

Major Change Timestamp
2026-05-07T16:11:28Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-05-07T16:11:28Z
Status Change Timestamp
2026-02-26

More Information

Unit 1 Details

Unit ID
Unit 1
Annual Rent
30000
Unit SqFt
770
# Units (This Type)
4
Furnished
Furnished
Unit Remarks
Bottom Floor Unit

Unit 2 Details

Unit ID
Unit 2
Annual Rent
30000
Unit SqFt
770
# Units (This Type)
4
Furnished
Furnished
Unit Remarks
Bottom Floor Unit

Unit 3 Details

Unit ID
3
Annual Rent
30000
Unit SqFt
770
# Units (This Type)
4
Furnished
Furnished
Unit Remarks
Top Floor Unit

Unit 4 Details

Unit ID
4
Annual Rent
30000
Unit SqFt
770
# Units (This Type)
4
Furnished
Furnished
Unit Remarks
Top Floor Unit

Location, Tax, and Legal

Unit Number
1-4
Tax Account
2747487
Parcel Number
27-37-12-26-00000.0-0030.02
General County Location
South
Tax Annual Amount
2944.28
Tax Year
2025
Tax Legal Description
PARK DRIVE CONDO UNIT 2 PARK DRIVE CONDOMINIUM AS DESC IN ORB 5629 PG 5734 AND ALL AMENDMENTS THERETO
Directions
From Hwy A1a go West on Pinetree Drive then go North on School Road. Make a Right on Park Drive. The building is on the left.

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes
Stucco
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Current Use

Multi-Family
Yes
Other
Yes

Fencing

Wood
Yes
Other
Yes

Flooring

Tile
Yes
Vinyl
Yes

Heating

Central
Yes
Electric
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Sprinklers In Front
Yes
Sprinklers In Rear
Yes

Parking Features

Assigned
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Combination Lock Box
Yes
Showing Service
Yes

Building Features

Laundry
Yes
Lobby
Yes
Lounge
Yes

Existing Lease Type

Other
Yes

Location

City
Yes

Showing Considerations

Occupied
Yes

Sale Includes

Business with Real Estate
Yes

Documents

Listing Office: Venture Inv. Prop & Mgt Corp
Last Updated: May - 07 - 2026
Information is deemed to be reliable, but is not guaranteed.
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