Eleven closed sales have recorded through the MLS since August 1 in Cocoa Beach and Cape Canaveral and the prices are all over the map. Click on the highlighted listings to see photos. A gorgeous 2120 sq.ft. pool home on the golf course in Cocoa Beach closed for $375,000 after being first listed for $525,000 last September. On the same day, a new 2180 sq.ft. unit in the Meridian condo on the beach closed for $659,900. A one bedroom unit in Villages of Seaport that sold in July 2004 for $131,000 closed for $110,000. At Sandcastles condo on the ocean in Cocoa Beach, prices are showing remarkable resilience. A 5th floor, 1286 sq.ft., 2/2 unit sold for $400,000. Sandcastles, like the few other condos that allow weekly rentals, can command a higher price because income can be substantially higher with short-term rentals. A non-waterfront 2/2 unit at Cape Shores on the river that was aggressively priced at $139,000 got a contract in 3 days and closed for $137,000 4 weeks later.
A 2158 sq.ft. 4/2 home on the open river with unobstructed views of the islands and with a dock closed for $550,000 after only 14 days on the market. It was listed for $575,000. My office sold a 2/2, 2nd floor Four Seasons overlooking the pool for $159,000. Rounding out the good deals was a Jamaica Cove 2/2 that cracked the $200,000 barrier for waterfront condos and closed for $195,000 after being first listed for $259,900 last October.
Cocoa Beach and Cape Canaveral MLS Inventory - August 12, 2007
- Condominiums_______935 all prices
- ___________________150 over $500,000
- Single family homes__171 all prices
- ____________________72 over $500,000
Another of the locals at the Cocoa Beach Country Club, a Florida soft shell turtle crossing the fairway looking for a better lake. These guys lay their eggs in the sand traps in the summer.