$225,000
Cocoa Beach, FL 32931
MLS# 1074836
2 beds | 2 baths
1 / 50
Property Description
***Investor Alert*** Rare opportunity to transform this DIRECT Banana River front ground-floor condo into a standout waterfront residence or seasonal rental. This unit is ready for a full renovation and offers excellent upside potential in one of Cocoa Beach's most desirable riverfront communities. The living area and primary suite both open to wide water views and spectacular sunset exposure, and each bedroom features its own full bath. Major community improvements are already complete, including balconies, railings, walkways, and a NEW ROOF (2026). HOA includes cable, internet, water, trash, exterior maintenance, and pest control. Resort-style amenities span 6 riverfront acres with boat slips, launch access, clubhouse, fitness center, heated pool, lakes, fountains, and lush tropical landscaping. Located minutes from Downtown Cocoa Beach dining, festivals, and the ocean. 3-month minimum rental policy supports seasonal income potential. Strong value-add waterfront opportunity.
Details
Maps
Documents
Contract Information
Unit Type: Interior Unit
Current Price: $225,000
Original List Price: 225000
List Price: $225,000
Status: Active
Listing Contract Date: 2026-04-16
Property Sub Type: Condominium
Location, Tax, and Legal
Unit Number: 114
Tax Account: 2518200
Parcel Number: 25-37-15-00-00795.4-0000.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 4288.27
Tax Year: 2025
Tax Legal Description: RIVER LAKES CONDO PH I BLDG 760 UNIT 114 RIVER LAKES CONDO PH I BLDG 760 AS DESC IN ORB 1859 PG 670 AND ALL AMENDMENTS THERETO.
Directions: Cocoa Beach Causeway (Hwy 520). South on A1A to Downtown Cocoa Beach. Right on Minutemen Cswy. Left on Brevard Ave (traffic light). Follow down to property on the right side after the Cocoa Beach Playhouse.
General Property Information
Stories Total: 4
Bathrooms Half: 0
Living Area: 1244
Living Area Source: Appraiser
Lot Size Acres: 0.06
Lot Size Square Feet: 2614
Accessibility Features YN: No
Association YN: Yes
Association Fee: 662
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: Showcase Prioperty Mgmt
Association Phone: 321.783.5000
Garage YN: No
Carport YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Land Site Description: RIVERFRONT
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Partially
Stories: 1
Entry Level: 1
Direction Faces: East
Pool Private YN: Yes
List Price/SqFt: 180.87
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1974
Remarks and Miscellaneous
Public Remarks: ***Investor Alert*** Rare opportunity to transform this DIRECT Banana River front ground-floor condo into a standout waterfront residence or seasonal rental. This unit is ready for a full renovation and offers excellent upside potential in one of Cocoa Beach's most desirable riverfront communities. The living area and primary suite both open to wide water views and spectacular sunset exposure, and each bedroom features its own full bath. Major community improvements are already complete, including balconies, railings, walkways, and a NEW ROOF (2026). HOA includes cable, internet, water, trash, exterior maintenance, and pest control. Resort-style amenities span 6 riverfront acres with boat slips, launch access, clubhouse, fitness center, heated pool, lakes, fountains, and lush tropical landscaping. Located minutes from Downtown Cocoa Beach dining, festivals, and the ocean. 3-month minimum rental policy supports seasonal income potential. Strong value-add waterfront opportunity.
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Other: 1
Architectural Style
Traditional: 1
Association Amenities
Boat Dock: 1
Boat Launch: 1
Boat Slip: 1
Cable TV: 1
Car Wash Area: 1
Clubhouse: 1
Elevator(s): 1
Maintenance Grounds: 1
Management - Off Site: 1
Pool: 1
Trash: 1
Water: 1
Association Fee Includes
Cable TV: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Trash: 1
Water: 1
Closing Company Details
Closing Company Name: International Title & Escrow 321.784.7999 Donna Harris closerpro1@weprocess.pro
Closing Company Address: 226 N Atlantic Ave Cocoa Beach FL 32931
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Other: 1
Current Use
Residential: 1
Exterior Features
Balcony: 1
Dock: 1
Flooring
Carpet: 1
Other: 1
Heating
Central: 1
Electric: 1
Other: 1
Interior Features
Primary Downstairs: 1
Walk-In Closet(s): 1
Laundry Features
In Unit: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
One: 1
Listing Terms
Cash: 1
Lot Features
Other: 1
Other Structures
Other: 1
Parking Features
Assigned: 1
Patio And Porch Features
Covered: 1
Patio: 1
Porch: 1
Pets Allowed
Yes: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Water Body Access Type
Navigable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Other: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Available: 1
Electricity Connected: 1
Sewer Available: 1
Sewer Connected: 1
Water Available: 1
Water Connected: 1
View
River: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Showing Service: 1
Property Condition
Fixer: 1
Rental Restrictions
3 Months: 1
Community Features
Curbs: 1
Fishing: 1
Sidewalks: 1
Street Lights: 1
Location Tax and Legal
Street Number: 760
Street Direction Prefix: S
Street Name: Brevard
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: River Lakes Condo Ph I Bldg 760
Status Change Information
Major Change Timestamp: 2026-04-16T17:49:47Z
Major Change Type: New Listing
Status Change Timestamp: 2026-04-16
Property Features
Appliances: Dishwasher; Electric Range; Refrigerator; Other
Architectural Style: Traditional
Association Amenities: Boat Dock; Boat Launch; Boat Slip; Cable TV; Car Wash Area; Clubhouse; Elevator(s); Maintenance Grounds; Management - Off Site; Pool; Trash; Water
Association Fee Includes: Cable TV; Insurance; Maintenance Grounds; Maintenance Structure; Trash; Water
Construction Materials: Concrete; Stucco
Cooling: Central Air; Electric; Other
Current Use: Residential
Exterior Features: Balcony; Dock
Flooring: Carpet; Other
Heating: Central; Electric; Other
Interior Features: Primary Downstairs; Walk-In Closet(s)
Laundry Features: In Unit
Levels: One
Listing Terms: Cash
Lot Features: Other
Other Structures: Other
Parking Features: Assigned
Patio And Porch Features: Covered; Patio; Porch
Pets Allowed: Yes
Pool Features: In Ground
Possession: Close Of Escrow; Negotiable
Water Body Access Type: Navigable
Property Condition: Fixer
Rental Restrictions: 3 Months
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Other
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected
View: River
Water Source: Public
Waterfront Features: River Front
Community Features: Curbs; Fishing; Sidewalks; Street Lights
Supplements
Strong value-add waterfront opportunity. Estate reps replaced the hot water heater and are paying for the roof assessment. Association assigns boat slips to owners, see attached rules and regulations for all details. Assigned parking space conveys with the residence.
Rules & Regulations 
Listing Office: RE/MAX Aerospace Realty
Last Updated: April - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.