At $2,900 for a waterfront unit, you're looking at a price that's roughly 99% below the median condo sale in Cocoa Beach ($375K–$412K), which should immediately trigger a serious inspection—the 1985 build likely needs significant updates, and condo reserves/special assessments could explain why it's priced so far below market. The lack of HOA is unusual for a waterfront condo and could mean deferred maintenance is your problem to solve, not shared; verify what structural or mechanical systems are aging and whether the building itself has pending repair costs. Given that 60% of local condo buyers are paying cash and the market just corrected 7.4% year-over-year due to inspection and reserve concerns, this property's steep discount suggests buyers have already priced in real problems—get a marine-inspection engineer involved before committing.

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