When considering a move to the Sunshine State, the city of Cocoa Beach should be on top of your list. Located on Florida’s Space Coast, it has proven to be a prime location for homebuyers attracted by its tropical climate and unique appeal. In this comprehensive blog post, we’ll delve into the real estate market and the homes for sale in Cocoa Beach, Florida.
The Real Estate Landscape in Cocoa Beach
Cocoa Beach’s real estate market is as versatile as it is attractive. The city serves up a wide range of options, from affordable condos to multi-million-dollar oceanfront homes. Here’s a deep dive into this market’s key aspects.
A Close Look at the Market
As you consider buying a home in Cocoa Beach, an understanding of the real estate market dynamics would set you up for success. Data from Realtor.com shows that as of February 2022, the median listing price for homes in Cocoa Beach hovered around $418,000. Meanwhile, the median selling price was approximately $345,000. Bear in mind that prices can sway greatly, with ranges from around $200,000 to upwards of $1 million depending on property location, size, and features. Over the past year, housing prices in Cocoa Beach have enjoyed an upward trend, so buying now could be a smart investment.
Housing Options Galore
When it comes to finding the perfect place to call home in Cocoa Beach, the range of housing options is broad enough to cater to various preferences and budgets. You’ll find everything from tucked-away townhouses to modern condos, family-friendly neighborhoods with single-family homes, and luxury estates on the riverfront. Many homes feature the Florida lifestyle with large swimming pools, private docks, and tropical landscaping. For those drawn to the allure of beachfront living, there are numerous options available along the city’s 6-mile coastline.
The Favorable Property Tax Rates
An added incentive to buying a home in Cocoa Beach is the relatively lower property tax rates. The average property tax rate in Cocoa Beach stands at around 0.978%, which is significantly lower than the national average. Lower property taxes mean more savings in your pocket, squashing the notion that living in a beach city is always exorbitantly expensive.
Why Cocoa Beach? The Lifestyle and Atmosphere
Apart from appealing real estate landscape, Cocoa Beach’s lifestyle and atmosphere make it a fantastic place to call home.
Beach Living at Its Best
From surfing to spotting manatees, Cocoa Beach offers you a quintessential Florida experience. A slew of pristine, uncrowded beaches make life here nothing short of paradise. The iconic Cocoa Beach Pier is a hub of activity with restaurants, shops, and live music.
Accessible Everyday Living
Cocoa Beach is not just about leisure and relaxation. It offers all the major conveniences you’d need. Stores, schools, medical facilities, and other essential services are all within easy reach. Plus, proximity to major highways and airports makes travel a breeze.
A Taste of Space
As the closest beach to Orlando’s space center, Cocoa Beach offers a unique aspect to life here. You can enjoy the regular rocket launches, visit the Kennedy Space Center for educational fun, or even catch sight of SpaceX’s famous dragon capsule returning to Earth.
The Buying Process in Cocoa Beach
Finally, it’s helpful to understand what the home buying process looks like in Cocoa Beach. You will want to have a pre-approval letter from a lender at hand before house hunting and make quick decisions once you find a home you love, due to the competitive nature of the market. A professional real estate agent familiar with Cocoa Beach will be key in helping you navigate through the process smoothly.
The real estate market of Cocoa Beach offers potential homebuyers an opportunity to invest in a truly distinctive lifestyle. With its competitive prices, lower property tax rates, range of housing options, and charming local lifestyle, Cocoa Beach stands as an idyllic place to call home. Here’s to finding your dream home and enjoying endless sunsets by the sea!