1032 Park Drive 1-4, Satellite Beach, FL 32937
Seminole Heights · Brevard County
Key Facts
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
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1964
Stories
2
Living Area
3,080 sq ft
Lot Size
0.21 acres
Parking Spaces
8
MLS® Listing#
1071047
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Fencing
Lot Features
Construction
Roof
Security
Other Structures
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ocean Breeze
- Middle:
- Hoover
- High:
- Satellite
Financial Details
HOA
None
Annual Taxes
$2,944
Tax year 2025
Parcel Number
27-37-12-26-00000.0-0030.02
Affordability Calculator
$244,000
Estimated monthly payment
$6,493/mo
Principal $976,000 · Est. interest $1,361,607 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Satellite Beach, FL
- $502,987
- Median Listing Price
- 127
- Median Days on Market
- 1,364
- Median Sq Ft
- $406
- Median Price / Sq Ft
- 27,413
- Active Listings
- This home’s price is 143% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Satellite Beach, FL.
Location
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Points of Interest in Satellite Beach, FL
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 307 Sundial Street, Panama City Beach, FL | $895,000 | 7 | 6 | 3,676 |
| 198 Sparrow Drive, Royal Palm Beach, FL | $899,000 | 7 | 4 | 4,068 |
| 601 STATE AVENUE, DAYTONA BEACH, FL | $899,000 | 11 | 8 | 5,194 |
| 565 Jackson Avenue, Satellite Beach, FL | $979,000 | 7 | 6 | 4,550 |
| 2072 NE 169th St 9, 11, 12 & 5, North Miami Beach, FL | $1,045,000 | 8 | 8 | 1,025 |
| 311 Walton Rose Lane, Inlet Beach, FL | $1,124,700 | 8 | 10 | 6,274 |
Moving Cost Estimate
EXIT Agents in Satellite Beach
Listing Courtesy: Venture Inv. Prop & Mgt Corp - 3212718704