At $5,000 for a waterfront property with a pool in Cocoa Beach, this listing is either a data error or an exceptional distressed situation—even at $3/sqft, it's roughly 60% below the ZIP code median home value and a fraction of what comparable waterfront homes are selling for. The 1966 construction and 0.2-acre lot are manageable, but a serious buyer should immediately investigate the title, liens, and physical condition, since pricing this far below market signals either significant structural/environmental issues or a forced/estate sale scenario. Given Cocoa Beach's median single-family price near $850K and an aging (median age 59.8) but affluent population, if this property is legitimately available, getting it professionally inspected before any commitment is non-negotiable.

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