Currently there is one listing that will allow one week rentals in Cocoa Beach. The asking price is $129,900 it is a one bedroom/one bath condo.
The next listed condo for sale that allows one week rentals is $237,000. There are only about 12 condos in the Cocoa Beach area that will allow 1 week rentals.
Generally they rarely are priced below $230,000 as they are highly sought after. I am very familiar with the one-week rental market in Cocoa Beach because I represent investors who have purchased. I also own a 1 week rental.
They are a great way to come and vacation but also have an income producing property.
Please let me know if I can provide any more information for you.
Currently there is only 1 active foreclosure and 1 short sale under contract. The other 2 properties are regular sales. Many people who bought when the market was high have decided to either do a short sale or let it go to foreclosure. If you are considering selling your unit then give us a call and we will be happy to assist you with your sale.... more