In the heart of Brevard County, Cocoa-Rockledge, FL stands as a hotspot for real estate investments. It offers everything from luxury communities to lovely single-family homes. The market features investment properties in Cocoa-Rockledge for all kinds of investors. You can find riverfront homes, gated estates, and comfy duplexes here. The prices vary, ranging from $650,000 to $4,500,000. This makes Cocoa-Rockledge’s real estate scene both vibrant and full of potential. It’s perfect for those looking to invest in the short or long term.
Cocoa-Rockledge’s strategic location offers investors big opportunities. For instance, around 33% of properties in Rockledge provide waterfront access. These homes have a unique allure. Additionally, about 25% of homes are in gated communities. This adds safety and a touch of luxury, potentially boosting property values. Learn more here1.
Key Takeaways
- The average price range for homes in Rockledge spans from $650,000 to $4,500,0001.
- A significant 33% of properties in Rockledge feature waterfront access1.
- Gated communities account for around 25% of the properties in Rockledge1.
- The median list price for properties in Rockledge is $440,0002.
- Short-term rentals in Rockledge typically show a higher ROI compared to long-term2.
- The highest-priced property listed in Rockledge is $4,500,0001.
Introduction to Cocoa-Rockledge Real Estate Market
The Cocoa-Rockledge housing market beckons investors to its central Florida spot with promises of good returns. This area in Brevard County is rich in diverse property types. They are ideal for different kinds of investment strategies like rentals for short or long terms. Right now, Rockledge has 23 opulent homes listed at a median price of $381,0003. Last month alone, 58 homes were sold in Rockledge3, which shows its high demand.
Investing in Brevard County property has great benefits. This includes a wide range of housing like condos, townhouses, and multi-family homes. Just last month, Rockledge had 33 condos, 3 townhouses, and a multi-family unit for sale3. Plus, Rockledge has 24,927 people and 8,496 jobs3, making it even more appealing for investments.
Most homes in Rockledge are on the market for an average of 58 days and usually get one offer3. Popular neighborhoods are places like Villages of North Solerno and Viera East Golf Club. These areas are attractive for those interested in real estate. There are diverse neighborhoods offering homes for sale, including Buckingham at Levitt Park and Sonoma at Viera3.
The Cocoa-Rockledge real estate scene is drawing more interest thanks to its luxury homes. The average price span for these homes is from $399,000 to $7.20 million3. Places like Viera North offer homes priced between $875,000 to $7.20 million3. These features position Rockledge as a top choice for diving into Brevard County’s real estate market.
Best Neighborhoods To Invest In Cocoa-Rockledge, FL
Investing in Cocoa-Rockledge is full of promising chances. The area shows strong growth, making it appealing for investors. It is known for good returns thanks to its real estate trends and solid property values.
Why Invest in Cocoa-Rockledge?
Cocoa-Rockledge has many great areas for investment. Around 24,927 people live here, with about 8,496 jobs4. This creates a lively local economy. Neighborhoods like Buckingham at Levitt Park and Virginia Park are popular with homebuyers5. Zip codes 32955 and 32922 are among the area’s most sought-after4.
Top Investment Factors
Property values in Cocoa-Rockledge are beneficial for investors. For example, Rockledge South’s real estate price averages at $472,5356. This is higher than many areas in Florida and the U.S. The average rent here is $1,897, cheaper than most of Florida6. Also, with a low vacancy rate of 8.4%, demand is stable6.
Market Trends and Data
The property market in Cocoa-Rockledge is active. There are currently 237 homes on sale, at a median price of $381,0004. These homes stay on the market for about 57 days on average and usually get one offer4. Last month, 58 homes were sold, showing a mix of property types5. Rockledge South also has a lot of professionals, which supports a robust economy for real estate6.
Luxury Neighborhoods Ideal for Investment
The luxury real estate market in Cocoa-Rockledge is full of mind-blowing options for investors. Think grand riverside mansions, stunning beachfront homes, and sleek condos. Places like Wyndham at Duran and Ravencliffe offer gated privacy. Here, properties are pricey but rightly so, given their exclusive feel.
In Rockledge, FL, homes typically list for $440,000, at about $219 per square foot2. Cocoa Beach sees even higher numbers, with median prices at $500,000 and an average of $332 per square foot7. These stats show how investing here could be very profitable, offering juicy opportunities for those aiming to buy into luxury.
Looking at rentals, Cocoa Beach offers Airbnb income ranging from $2,723 to $10,3487. Traditional rentals go from $1,477 to $4,516, showing good earning potential. In Rockledge, short-term rentals can get you a 0.19% to 9.35% ROI. Traditional ones offer ROIs of 0.37% to 8.97%2. These numbers suggest that rental investments here can be quite fruitful.
Gated communities are a big draw in Cocoa-Rockledge. They’re not just about luxury; they also offer great locations, security, and amenities. Homes in Wyndham at Duran and Ravencliffe have lots of space, high-end finishes, and big yards. Rockledge’s new constructions range from $324,999 to $442,7808, attracting those who want the latest in luxury living.
Here’s a comparison of the market based on recent data:
| Neighborhood | Median List Price | Price per Sq Ft | Properties for Sale |
|---|---|---|---|
| Rockledge | $350,000 | $219 | 133 properties analyzed |
| Cocoa Beach | $500,000 | $332 | 107 |
The luxury market in Cocoa-Rockledge is ripe with opportunities for investors. With options like lavish riverside homes and profitable high-end rentals, this area is expected to keep growing. It offers a lot for those looking into luxury real estate investments.
Comparing Short-Term and Long-Term ROI
Investors have a great chance to weigh the returns of short-term against long-term rentals in Cocoa-Rockledge’s real estate market. Knowing the possible ROI helps in making smart choices.
Short-Term Rental Potential
Short-term rentals in Cocoa-Rockledge can bring in a lot of money, especially in touristy areas. They offer more ROI because of higher nightly rates and full bookings during busy seasons. On average, investors see an 8% return each year over five years9. Properties near work places have a 12% boost in how often they’re rented9.
Long-Term Rental Income
Long-term rentals also offer good returns in Cocoa-Rockledge. Single-family homes in top areas bring in a 10% ROI, while multi-unit places have a 6% ROI9. These options offer continuous rent money, fewer tenant changes, and steady growth in property value. Long-term rentals average a 3% rise in equity yearly from value increases and mortgage payments9. Also, places close to schools are vacant 15% less often than those further away9.
| Investment Type | Average ROI | Key Benefit |
|---|---|---|
| Short-Term Rental | 8%9 | Higher rental demand near job centers (12%)9 |
| Long-Term Rental | 10%9 | Lower vacancy rates near schools (15%)9 |
| Multi-Unit Property | 6%9 | Consistent appreciation & mortgage paydown9 |
The Appeal of Gated Communities in Cocoa-Rockledge
Gated communities in Cocoa-Rockledge offer privacy, luxury, and a sense of being special. These places are well-planned and come with amazing amenities like golf courses, pools, and clubhouses. These benefits make living there better. They also raise the value of homes and attract good tenants, which is great for investors.
The Space Coast area is welcoming and perfect for investors who want luxury gated homes. For more information on the area’s friendly vibe, fun outdoor activities, and more, click here10. Currently, there are 21 homes for sale under $250,000 in Rockledge. They stay on the market for about 58 days. Last month, 59 homes, 33 condos, 3 townhouses, and 1 multi-family unit were sold in Rockledge. This shows that the market is active10.
Gated communities in Cocoa-Rockledge are thoughtfully created for peace and easy access. Popular places like Villages of North Solerno, Viera North, and Vierra East Golf Club are sought after. These areas offer security and quietness. They attract high-quality tenants who want luxury. These neighborhoods also play a big part in Rockledge’s real estate scene. The town has about 24,927 people and 8,496 jobs10.
Rockledge is also working on being green. The city reduced nitrogen and phosphorus pollution by 15% in five years. They plan to cut down even more in the next 15 years. A rule against using certain fertilizers in the rainy season helps. Also, 5.5 square miles of stormwater runoff goes into the Indian River. This shows Rockledge’s commitment to keeping the environment clean11.
Top Single-Family Home Neighborhoods
Single-family homes in Cocoa-Rockledge are drawing a lot of investor interest. They offer strong value and stable rent incomes. These areas combine affordability with long-term value, perfect for adding to a real estate portfolio.
Cost and Value Analysis
Investment property analysis in Cocoa-Rockledge must weigh the buy price against possible growth in property value. Rockledge has 237 homes for sale, at a median price of $381,000. Homes are usually on the market for 57 days and often get one offer12. This indicates a well-balanced market.
All County Preferred Property Management plays a big role in Brevard County’s real estate, handling properties in Cocoa and Rockledge. They promise clear fees and find good tenants, keeping property values high and profits up13.
Rental Income Estimates
When looking at properties, rental income is very important. Last month in Rockledge, 58 homes, 33 condos, 3 townhouses, and 1 multi-family unit sold12. This shows a lively rental market, ready for new investors.
Cocoa also stands out with its variety of single-family homes and amenities. For those interested in Cocoa-Rockledge, these neighborhoods offer both nice living areas and the chance for good rental profits.
All County is skilled at handling single-family homes. They ensure properties are well-kept and deal with tenant problems effectively. Their efforts guarantee a steady flow of rent income, vital for success in Brevard County’s real estate market13.
Impact of Location on Property Values
Properties in Cocoa-Rockledge increase in value based on their location. Being close to attractions, schools, and parks makes them wanted more. This means higher prices and more rent money. Smart investors look for properties in these areas.
Proximity to Attractions and Amenities
How close properties are to shopping, entertainment, and hospitals affects their value. Places near these amenities are more valuable. In Rockledge, areas like Sub-District 1 are near medical centers, making them more appealing. The Rockledge Civic Hub adds more value by offering community activities since June 201914.
Effect of Nearby Schools and Parks
Being near good schools and parks also raises a property’s value. Rockledge has schools that families like. This is good for property owners because it means more people want to live there. It shows how important schools are in real estate.
Parks make an area more attractive too. They add beauty and fun places for people to go. The Rockledge Community Redevelopment Agency has created green spaces that make living there better.
To learn more about how location influences property value in Cocoa-Rockledge, check out Investing in the Space Coast.
Understanding property values and locations helps make wise investment choices in Cocoa-Rockledge. This area is growing and has a lot to offer.
| Location Factor | Impact on Property Value |
|---|---|
| Proximity to Attractions | Higher demand due to convenience and lifestyle quality15 |
| Access to Amenities | Increased desirability and rental yield15 |
| Nearby Schools | Attraction of families and higher property demand16 |
| Proximity to Parks | Enhanced livability and aesthetic value15 |
Investment Properties by Price Range
The real estate market in Cocoa-Rockledge is full of choices for investment at different price points. Properties that are more affordable stand out for those aiming for good returns on smaller investments. For example, homes in Rockledge, FL have a median sale price of $350,000, down by 2% from last year8. This drop makes it a good time for investors to find deals.
Looking at how homes are priced can give a better idea of where to invest:
| Price Range | Number of Units |
|---|---|
| $200K – $299K | 2 units |
| $300K – $399K | 5 units |
| $400K – $499K | 3 units |
| $500K – $599K | 2 units |
| $600K – $699K | 5 units |
| $700K – $799K | 1 unit |
| $800K – $899K | 1 unit |
In search of high-end investments? Cocoa Beach is the place with luxurious properties. These homes have an average price of $695,66717. The area also features modern, newly built homes and high-end condos. The median price for condos here is $254,50017.
Homes in Cocoa Beach vary greatly in price, from $64,500 to $1,350,00017. The area offers everything from simple starter homes to large oceanfront estates. Plus, great schools like Freedom 7 Elementary School Of International Studies attract families. This adds to the investment value of properties here17.
Knowing the different price levels in Cocoa-Rockledge is key for savvy investment choices. The region has both affordable and luxury options for all investors. For the latest info and listings, check out Mashvisor’s database for Cocoa Beach properties8.
Conclusion
Cocoa-Rockledge shines as a key spot for investing in real estate. It has many options in its neighborhoods and types of properties18. It’s gaining popularity because of its central spot in Florida, liked by locals and tourists. This boosts its value for buying houses or commercial spots18. Investors find great chances for making money, from high nightly rentals over $250 to steady money from long-term rentals in this booming area18.
Rockledge stands out with a livability score of 82. That means it’s better than 90% of US cities19. It’s known for its great cost of living and high ratings in education and jobs19. Cocoa Beach adds to the charm with its beaches and outdoor fun, making it great for people living there and investors20.
Looking at Cocoa-Rockledge’s real estate, investors have many plans to grow their money. They can fix up houses or rent them out181920.The area is packed with things to do and close to Orlando and Port Canaveral, making it even more inviting for putting money into real estate181920.
FAQ
Why should investors consider Cocoa-Rockledge, FL for real estate investments?
Cocoa-Rockledge is in Brevard County, Florida. It’s a great place for real estate investments. This area has favorable rental incomes and promises good returns.
What type of investment properties are available in Cocoa-Rockledge?
You can find many types of properties here. There are luxury neighborhoods, riverside mansions, and beach homes. Also, there are single-family homes, duplexes, and fancy condos in places like Wyndham at Duran.
What are the key factors to consider when investing in Cocoa-Rockledge real estate?
Consider the market trends and ROI opportunities. Property values are influenced by local attractions and amenities. It’s also important to compare short-term and long-term rentals.
The appeal of gated communities matters a lot. Plus, analyzing the cost versus value for single-family homes is key.
How does the rental income in Cocoa-Rockledge compare between short-term and long-term rentals?
Rental income varies between short-term and long-term rentals in Cocoa-Rockledge. Short-term rentals can offer higher ROI, which is appealing for faster returns. This is especially true in thriving tourism areas.
Are there specific luxury neighborhoods in Cocoa-Rockledge that are ideal for investment?
Yes. Cocoa-Rockledge has luxury neighborhoods that are perfect for investment. Areas like Wyndham at Duran have riverside mansions and condos. They are sought after for their high property values.
How do gated communities add value to investment properties in Cocoa-Rockledge?
Gated communities in Cocoa-Rockledge offer privacy and exclusive amenities like golf courses. This boosts property values. It attracts high-quality tenants, increasing rental income and property value over time.
What makes single-family homes in Cocoa-Rockledge attractive for investment?
Single-family homes offer a good balance of cost and value. They provide sustainable income and value appreciation. They are crucial for a diverse investment portfolio.
How does the location affect the property values in Cocoa-Rockledge?
Location plays a big role in Cocoa-Rockledge property values. Being near attractions, schools, and parks raises demand. This increases rental yields and returns.
How does the price range of properties in Cocoa-Rockledge influence investment decisions?
Cocoa-Rockledge has a wide range of property prices. Investors can choose based on their budget and goals. This ensures diversification and growth in their investments.
Source Links
- Rockledge Real Estate – https://www.troprealty.com/rockledge/
- Rockledge, FL Investment Property for Sale | Mashvisor – https://www.mashvisor.com/florida/rockledge-investment-property-for-sale/c
- Luxury Homes for Sale in Rockledge, FL – https://www.redfin.com/city/15812/FL/Rockledge/luxury-homes
- Expansive Views – Rockledge, FL Real Estate & Homes for Sale – https://www.redfin.com/city/15812/FL/Rockledge/amenity/expansive views
- Central Location – Rockledge, FL Real Estate & Homes for Sale – https://www.redfin.com/city/15812/FL/Rockledge/amenity/central location
- ROCKLEDGE SOUTH – https://api.locationinc.com/fl/rockledge/rockledge-south
- Cocoa Beach, FL Investment Property for Sale | Mashvisor – https://www.mashvisor.com/florida/cocoa-beach-investment-property-for-sale/c
- Rockledge, FL Homes for Sale – https://www.redfin.com/city/15812/FL/Rockledge
- Brevard Real Estate Blog | Brevard Homes for Sale – https://www.century21ocean.com/blog/
- Homes for sale under $250k in Rockledge, FL – https://www.redfin.com/city/15812/FL/Rockledge/homes-for-sale-under-250000
- PDF – https://www.cityofrockledge.org/Archive/ViewFile/Item/47
- Living Space – Rockledge, FL Real Estate & Homes for Sale – https://www.redfin.com/city/15812/FL/Rockledge/amenity/living space/page-2
- All County Preferred – Rockledge, Florida Property Management – https://www.allcountyprop.com/locations/florida/rockledge/
- PDF – https://www.cityofrockledge.org/DocumentCenter/View/3873
- 2023 Annual Report – https://www.cityofrockledge.org/DocumentCenter/View/4804
- Brevard County, FL – https://housecashin.com/investing-guides/investing-brevard-county-fl/
- Homes for Sale in Cocoa Beach, FL with Rental Property | realtor.com® – https://www.realtor.com/realestateandhomes-search/Cocoa-Beach_FL/with_rentalproperty
- Central Florida Real Estate Investing For Beginners – https://www.floridaishome.com/blog/central-florida-real-estate-investing-for-beginners/
- Living In Rockledge, FL – https://www.areavibes.com/rockledge-fl/livability/
- The Ultimate Guide To Living In And Moving To Cocoa Beach FL – https://www.ronsellsthebeach.com/blog/moving-to-cocoa-beach-fl/
