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For sale
  • $1,390,000

    492 Dempsey Dr, Cocoa Beach, FL 32931

    5beds
    2,919sqft
    : 
    Single Family Residence
    Built in 1957
    0.26 Acres Lot
    $-- Zestimate®
    $476/sqft
    $-- HOA

    What's special

    Beautiful cabinetsQuartz countertopWood burning fireplaceStainless steel appliances
    Price Correction! Priced to Sell!! 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: 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 room. The Florida room exterior walls were taken down and replaced. The entire home has impact windows and sliders. The garage door is a hurricane rated door. The bathroom walls were insulated with Fi-Foil for sound and the roof of the first floor was insulated with Icynene foam. The cast iron plumbing was removed and re-piped throughout the home. The old electrical was completely removed and all new electrical was installed. The HVAC was replaced, and all new duct work was installed. The Florida room/ family room features a wood burning fireplace and a separate Mini-Split Air Conditioning. The Kitchen is designed beautifully with quartz countertop, stainless steel appliances and beautiful cabinets. The exterior was stucco and painted. Everything mentioned in this paragraph took place and was replaced new in 2022. The apartment upstairs was completely remodeled in 2016. The 600 sq ft deck 2021 is a Fabulous place to take in the beautiful sunsets over the park, river and islands. The HVAC and duct work replaced, all new stainless-steel appliances and gas stove 2020, beautiful cabinets and well-designed bathroom.
    325 days
    |
    709
    |
    27
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 08, 2025 at 11:55pm

    Listed by:

    Pamela G Durkin 321-431-4135,

    Coconut Properties Fl Real Est

    Source: Space Coast AOR,MLS#: 1022709

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric, Multi Units, Separate Meters, Varies by Unit, Split System
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
    • Laundry: In Garage, Lower Level
    Features
    • Built-in Features, Ceiling Fan(s), Entrance Foyer, Guest Suite, His and Hers Closets, In-Law Floorplan, Open Floorplan, Primary Bathroom - Shower No Tub, Primary Downstairs
    • Flooring: Laminate, Tile
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 3,490
    • Total interior livable area: 2,919 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Front Porch, Patio, Rear Porch
    • Exterior features: Dock
    • Has private pool: Yes
    • Pool features: In Ground
    • Fencing: Back Yard,Chain Link,Fenced,Privacy,Wood
    • Has view: Yes
    • View description: Canal, Pool, River
    • Has water view: Yes
    • Water view: Canal,River
    • Waterfront features: Canal Front, Navigable Water, River Access, Seawall, No Fixed Bridges
    • Body of water: Canal Navigational to Banana River
    Lot
    • Size: 0.26 Acres
    • Features: Corner Lot, Cul-De-Sac, Dead End Street, Few Trees
    Details
    • Additional structures: Shed(s)
    • Additional parcels included: 2517043
    • Parcel number: 2537107500000.00075.00
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Multi Generational,Other
    • Property subtype: Single Family Residence
    Materials
    • Block, Frame, Stucco
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Convair Cove
    HOA
    • Has HOA: No
    Location
    • Region: Cocoa Beach

    Financial & listing details

    • Price per square foot: $476/sqft
    • Tax assessed value: $513,360
    • Annual tax amount: $7,413
    • Date on market: 5/1/2025
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $5,615/mo

    Price history

    Price history
    DateEventPrice
    10/1/2025Listing removed$3,500$1/sqft
    Source: Space Coast AOR #1054853 Report a problem
    9/8/2025Price change$3,500-41.7%$1/sqft
    Source: Space Coast AOR #1054853 Report a problem
    8/19/2025Price change$1,390,000-7.3%$476/sqft
    Source: Space Coast AOR #1022812 Report a problem
    8/18/2025Listed for rent$6,000$2/sqft
    Source: Space Coast AOR #1054853 Report a problem
    7/29/2025Price change$1,500,000-5.7%$514/sqft
    Source: Space Coast AOR #1022709 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$8,172 +10.2%$513,360 +14.8%
    2023$7,414 -16.4%$447,120 -27.6%
    2022$8,873 +13%$617,400 +29.6%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $9,143/mo
    Principal & interest
    $6953
    Property taxes
    $1703
    Home insurance
    $487

      Climate risks

      Neighborhood: 32931

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Roosevelt
      • Middle: Cocoa Beach
      • High: Cocoa Beach

      Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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