$1,220,000
1032 Park Drive 1-4, Satellite Beach, Fl 32937
Satellite Beach, FL 32937
Listing updated: May 7, 2026 at 12:11 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
About this home
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
Local Insight
At $396/sqft for a 1964 quadruplex, you're getting solid cash-flow potential in a market where land value is protected by Satellite Beach's strict low-density zoning—meaning this property's oceanfront character and neighborhood stability are legally enforced, not just market sentiment. The real question is whether you're buying this as an income play (four units on a tight 0.21-acre lot) or banking on land appreciation in a town that explicitly limits density; the age and per-unit layout suggest you need to run the numbers on tenant income and maintenance costs carefully, especially on a 60-year-old structure. If oceanfront stability and no-density-growth guarantee matter to your investment thesis, this checks that box—but the price-per-square-foot and unit configuration tell you this is a working rental property, not a redevelopment play.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
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
- Price reduced$1,220,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Subdivision
- Seminole Heights
- County
- Brevard
- Year built
- 1964
- Living area
- 3,080 sq ft
- Price/sq ft
- $396
- Building area
- 0 sq ft
- Lot size
- 9,348 sq ft
- MLS #
- 1071047
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Interior Details
- Bedrooms
- 8
- Full bathrooms
- 4
Parking
- Garage spaces
- 0
Listing Details
- Original list price
- $1,270,000
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 7, 2026 at 12:11 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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