At $228/sqft, this unit is tracking well below the current median condo sale price in Cocoa Beach ($375K–$412.5K), which makes it worth serious inspection—but also ask why: is it priced to move, or are there deferred maintenance issues typical of early-90s construction that'll surface in the milestone inspection that's increasingly factoring into buyer decisions here? The lack of HOA fees is a genuine plus in a market where reserve-study costs are eating into condo values, though you'll want to understand what common-area expenses fall on individual owners instead. Given the area's median age of 59.8 and the 60% cash-buyer composition, this could work as either a retirement downsize or an investor play, but don't underestimate how narrow the resale pool is in a town of 11,400 with single-family homes commanding $815K–$875K median prices.

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