At $2/sqft for a waterfront 1988 condo, you're looking at roughly one-sixth the price of median single-family homes in Cocoa Beach—but that discount reflects real structural concerns: the median condo here has dropped 7.4% year-over-year largely due to buyers factoring in expensive milestone inspections and reserves, suggesting this older oceanfront building likely carries significant deferred maintenance and special assessment risk. The 2-bed, 1,466-sqft unit is small for the price point even at this valuation, and with zero HOA listed you'll want to verify what actually funds building upkeep, as that's often where aging condos hide their true costs. If you're not paying cash—and 60% of local condo buyers are—financing and insurance on a 36-year-old waterfront property will eat heavily into any apparent value advantage.

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