492 Dempsey Drive, Cocoa Beach, Fl 32931, FL492 Dempsey Drive, Cocoa Beach, Fl 32931, FL492 Dempsey Drive, Cocoa Beach, Fl 32931, FL
Stellar MLS
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$1,390,000

492 Dempsey Drive, Cocoa Beach, Fl 32931

Cocoa Beach, FL 32931

Listing updated: April 28, 2026 at 1:26 PM ET

Pending
Listing courtesy of Coconut Properties Fl Real Est · Pamela G Durkin · MLS #1022709 · Pending · 321-613-5950
5
Beds
4
Baths
2,919
Sq Ft
0.26
Acres
1957
Built
WaterfrontPrivate pool$476/sqft360° tour
Single Family Residence

Property type

1957

Year built

11,326 sqft

Lot size

$476

Price / sq ft

No HOA

HOA dues

2

Garage spaces

About this home

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.

Local Insight

At $1.39M for a 1957 waterfront home in a modest-sized beach town with a median single-family price around $815K–$875K, you're paying a significant premium—likely 60% above neighborhood median—which hinges almost entirely on the waterfront lot and pool amenities rather than the age or square footage. The property sits in a very mature demographic (median age 59.8), so liquidity could tighten if you need to resell quickly, and you'll want to scrutinize the structural condition and any foundation work on a 67-year-old beachfront property given salt-spray exposure and potential storm vulnerability. That said, if waterfront access and private amenities matter more than modern construction, the lack of HOA is a genuine advantage, though the narrow 0.26-acre lot means ongoing maintenance of both pool and seawall will be a real cost factor.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$7,029
Property taxes$1,274
Home insurance (est.)$637

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history

  1. Price increased$1,390,000

Documents

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Pending
Subdivision
Convair Cove
County
Brevard
Year built
1957
Living area
2,919 sq ft
Price/sq ft
$476
Building area
3,490 sq ft
Lot size
11,326 sq ft
Garage
2 spaces
Pool
Private pool
MLS #
1022709

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Interior Details

Bedrooms
5
Full bathrooms
4

Parking

Garage spaces
2

Exterior & Construction

Pool
Private pool
Waterfront
Yes

Listing Details

Original list price
$184,900

Location

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Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)

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© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.

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