Cocoa Beach, Florida, is known for its stunning ocean views, pristine beaches, and vibrant community. If you’ve ever dreamed of owning a beachfront property in this paradise, now is the perfect time to explore your options. One standout opportunity is a penthouse unit located in Chateau By The Sea, offering not only a breathtaking ocean view but also a range of attractive features and investment potential.
This fifth-floor penthouse unit is a true gem, boasting a recently renovated interior with beautiful tile floors throughout. With two bedrooms and two bathrooms, it provides ample space for both residents and guests. The unit is being sold turnkey, meaning all the updated furnishings are included, making it move-in ready or immediately available for weekly rentals.
And speaking of rentals, this penthouse is an incredible income-producing investment opportunity. In 2022, it generated an impressive gross income of $84,000, and projections for 2023 estimate an even higher income of $89,000. Additionally, $58,000 has already been booked for 2023, ensuring a steady stream of revenue. The property is managed by Space Coast’s top rental manager, guaranteeing efficient and reliable rental operations.
The penthouse’s updated features extend beyond its stylish interior. The air conditioning system, paint, kitchen with quartz counters, baths with quartz, fixtures, hot water heater, and appliances have all been recently upgraded. This ensures a comfortable and modern living experience for both owners and guests.
Location is everything, and this penthouse offers the ultimate beach lifestyle. Situated next to the iconic Cocoa Beach Pier, Port Canaveral, Kennedy Space Center, and Cocoa Village, residents and guests will have an array of attractions and amenities at their doorstep. Furthermore, the property’s prime location makes it an ideal spot for vacationers and snowbirds looking to have their own beach vacation home while also generating income. The proven track record of high rental demand in this area makes it an attractive investment opportunity.
Chateau By The Sea also offers a range of resort-style amenities for residents and guests to enjoy. A large heated pool provides the perfect place to relax and soak up the Florida sunshine, while a huge rooftop patio offers stunning views of the pier. Private beach access allows for convenient and exclusive beach outings, and a grill area provides a space for outdoor gatherings and cookouts. Additionally, pet owners will be delighted to know that there are no weight restrictions, meaning furry friends are welcome to join in on the beachfront fun.
With its proximity to major attractions such as Orlando, the penthouse in Chateau By The Sea offers the best of both worlds – a peaceful beachfront retreat and easy access to the excitement of the city. Whether you’re looking for a permanent residence, a vacation home, or an income-generating investment property, this penthouse ticks all the boxes.
Don’t miss out on this exceptional opportunity to own a piece of paradise in Cocoa Beach. With its competitive financing options and proven income potential, this penthouse is truly a rare find. Contact a real estate agent today to explore the possibilities and make your dream of owning a Cocoa Beach home a reality.
5300 Ocean Beach Boulevard, Cocoa Beach, FL 32931