492 Dempsey Drive, Cocoa Beach, FL 32931 (MLS# 1022812)

492 Dempsey Drive, Cocoa Beach, FL 32931

$1,262,500

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1022812

Property Type: Residential Income Bedrooms: 5 Baths: 4 Square Footage: 3,490 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $1,262,500 List Date: 5/01/2025 Last Modified: 7/06/2026

Overview

Description

New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river!!

Supplements: 492 Dempsey Drive's main home is a two-year-old home as of 2022! The concrete walls were left up and the roof was left on as the work began! The first floor of this beautiful home was completely gutted, reframed, rebuilt to code by a local reputable General Contractor. New beams and headers were added in the main living room, garage and Florida ... (Read more)

Listing Details MLS# 1022812

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 2
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2919
Living Area Source: Public Records
Building Area Total: 3490
Accessibility Features YN: Yes
New Construction YN: No
Year Built: 1957
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Open Parking Spaces: 4
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Canal Navigational to Banana River
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Entry Level: 12
Direction Faces: North
Pool Private YN: Yes
Senior Community YN: No
List Price/SqFt: 476.19
Sold Price/SqFt: 432.51
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer Construction Materials: Block; Frame; Stucco Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit Current Use: Hotel/Motel; Investment; Mixed Use; Multi-Family; Residential Exterior Features: Dock; Impact Windows Fencing: Back Yard; Chain Link; Fenced; Wood Fireplace Features: Wood Burning Flooring: Laminate; Tile Heating: Central; Electric Laundry Features: In Garage; Multiple Locations Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Cul-De-Sac; Dead End Street; Few Trees Other Structures: Shed(s) Parking Features: Attached; Garage Pool Features: In Ground Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Special Listing Conditions: Corporate Owned; Standard Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Sewer Connected; Water Connected View: Canal; Pool; Water Water Source: Public Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall Showing Requirements: Call Listing Agent; Lockbox; Showing Service

Contract Information

Original List Price: 1849000
Listing Contract Date: 2024-08-21
Property Sub Type: Duplex
Comp Sale YN: No

Location Tax and Legal

Street Number: 492
Street Name: Dempsey
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Convair Cove

Remarks and Miscellaneous

Public Remarks: New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river!!

Status Change Information

Major Change Timestamp: 2026-07-06T21:54:35Z
Major Change Type: Status Change
Price Change Timestamp: 2025-08-19T20:52:09Z
Status Change Timestamp: 2026-07-06
Purchase Contract Date: 2026-04-28
Close Date: 2026-06-29
Close Price: 1262500

More Information

DPR Eligible

DPR Eligible: No

Fireplace Features

Fireplaces Total: Yes
Wood Burning: Yes

Unit 1 Details

Unit ID: Yes
Unit SqFt: 2199
Full Baths Total: 3
Furnished: Unfurnished
Unit Remarks: Rent is per night - Airbnb rents vary
Actual Rent: 0

Unit 2 Details

Unit ID: 2
Unit SqFt: 720
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Rent is per night - Airbnb rents vary
Actual Rent: 0

Location, Tax, and Legal

Tax Account: 2517043
Parcel Number: 25-37-10-75-00000.0-0075.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 7413.99
Tax Year: 2022
Tax Legal Description: CONVAIR COVE LOT 75
Directions: A1A to 3rd st North. Head West to Cedar. turn right then left on Dempsey head west last house on the Left

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Cooktop: Yes
Electric Range: Yes
Gas Cooktop: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes
Frame: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes
Separate Meters: Yes
Split System: Yes
Varies by Unit: Yes

Current Use

Hotel/Motel: Yes
Investment: Yes
Mixed Use: Yes
Multi-Family: Yes
Residential: Yes

Exterior Features

Dock: Yes
Impact Windows: Yes

Fencing

Back Yard: Yes
Chain Link: Yes
Fenced: Yes
Wood: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes

Laundry Features

In Garage: Yes
Multiple Locations: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes
Cul-De-Sac: Yes
Dead End Street: Yes
Few Trees: Yes

Other Structures

Shed(s): Yes

Parking Features

Attached: Yes
Garage: Yes

Pool Features

In Ground: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Corporate Owned: Yes
Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Separate Electric Meters: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Canal: Yes
Pool: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

Canal Front: Yes
Navigable Water: Yes
No Fixed Bridges: Yes
River Access: Yes
Seawall: Yes

Showing Requirements

Call Listing Agent: Yes
Lockbox: Yes
Showing Service: Yes

Documents

Lead Based Paint ›

Personal Property Checklist ›

Listing Office: Coconut Properties Fl Real Est

Last Updated: July - 06 - 2026

Information is deemed to be reliable, but is not guaranteed.