1032 Park Drive 1-4, Satellite Beach, FL 32937

$1,220,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,080 Lot Size (sq. ft.): 9,348 Status: Active
Current Price: $1,220,000 List Date: 3/05/2026 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# 1071047

General Property Information

Number Of Units Total
4
Bedrooms Total
8
Bathrooms Total
4
Bathrooms Full
4
Living Area
3080
New Construction YN
No
Year Built
1964
Garage YN
No
Carport YN
No
Open Parking Spaces
8
Parking Total
8
Lot Size Acres
0.2146
Lot Size Square Feet
9348
Association YN
No
Waterfront YN
No
Furnished
Furnished
Stories Total
2
Stories
2
Entry Level
Yes
Direction Faces
South
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
396.1
Bathrooms Half
0

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer Construction Materials: Brick; Frame; Stucco Cooling: Central Air; Electric Current Use: Residential Exterior Features: Balcony; Courtyard; Outdoor Shower Fencing: Wood Flooring: Concrete; Tile; Vinyl Heating: Central; Electric Laundry Features: Common Area; Electric Dryer Hookup; Lower Level; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Sprinklers In Front; Sprinklers In Rear Other Structures: Other Parking Features: Assigned; Parking Lot Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Security Features: Other Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Combination Lock Box; No Sign

Contract Information

Original List Price
1270000
Listing Contract Date
2026-03-04
Property Sub Type
Quadruplex

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
2026-05-07T16:11:05Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-05-07T16:11:05Z
Status Change Timestamp
2026-03-04

More Information

Closing Company Details

Closing Company Name
Closed Title
Closing Company Address
503 Inwood Ln

DPR Eligible

DPR Eligible
Yes

Unit 1 Details

Unit ID
Yes
Actual Rent
30000
Unit SqFt
770
Full Baths Total
Yes
Furnished
Furnished
Unit Remarks
Bottom Floor Unit

Unit 2 Details

Unit ID
2
Actual Rent
30000
Unit SqFt
770
Full Baths Total
Yes
Furnished
Furnished
Unit Remarks
Bottom Floor Unit

Unit 3 Details

Unit ID
3
Actual Rent
30000
Unit SqFt
770
Full Baths Total
Yes
Furnished
Furnished
Unit Remarks
Top Floor Unit

Unit 4 Details

Unit ID
4
Actual Rent
30000
Unit SqFt
770
Full Baths Total
Yes
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
Elementary School
Ocean Breeze
Middle School
Hoover
High School
Satellite
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.

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Oven
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Brick
Yes
Frame
Yes
Stucco
Yes

Cooling

Central Air
Yes
Electric
Yes

Current Use

Residential
Yes

Exterior Features

Balcony
Yes
Courtyard
Yes
Outdoor Shower
Yes

Fencing

Wood
Yes

Flooring

Concrete
Yes
Tile
Yes
Vinyl
Yes

Heating

Central
Yes
Electric
Yes

Laundry Features

Common Area
Yes
Electric Dryer Hookup
Yes
Lower Level
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Sprinklers In Front
Yes
Sprinklers In Rear
Yes

Other Structures

Other
Yes

Parking Features

Assigned
Yes
Parking Lot
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Security Features

Other
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Utilities

Cable Connected
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Combination Lock Box
Yes
No Sign
Yes
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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