At $815K for a 1957 waterfront home on just 0.2 acres in Cocoa Beach, you're paying right at the current single-family median—which means you're getting no discount for the age and small lot, even with water views factoring in heavily. The real question is whether a 67-year-old home in a neighborhood with a median age near 60 and no HOA oversight will hold value as the market's 21% annual climb cools, especially when 0.2 acres limits renovation upside and leaves little room for modern expectations around outdoor space. This feels like a location-and-views play rather than a value or improvement opportunity, so inspect foundation, pilings, and hurricane hardening carefully—deferred maintenance on older waterfront properties here can get expensive fast.

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