Off-Market South Cocoa Beach Luxury Condo | 3 Beds / 3.5 Baths / 2,512 Sq Ft

This 2007 second-floor Villa Verde condominium offers 3 bedrooms, 3.5 bathrooms, 2,512 sq ft of living area and two reserved underground garage spaces. Located inside an exclusive nine-residence gated building on the Banana River, the unit features floor-to-ceiling impact-rated windows, marble and travertine flooring, 10-foot ceilings, designer cabinetry, granite countertops, ensuite bathrooms, automated window shades and a large laundry room. Community amenities include a secured marble lobby, glass elevator, heated pool, fitness center, storage, riverfront deck and water access. Monthly association dues are approximately $1,390 and include building insurance, exterior maintenance, grounds, sewer, trash and water. Prior listing information reports a completed Structural Integrity Reserve Study with no deficiencies or anticipated assessment; all current association information must be independently verified.

Repairs Needed (estimated)

• Complete interior paint, drywall touchups and deep cleaning
• Replace dated carpet and damaged flooring as needed
• Update lighting, plumbing fixtures and interior hardware
• Inspect and service the automated shades and home-control systems
• Service the HVAC, water heater, appliances and electrical systems
• Inspect the impact windows, sliding doors and balconies for water intrusion
• Modernize the kitchen and bathrooms as needed for the selected resale level
• Obtain all required condominium approvals before beginning renovations

Comparable Sales

1. 3500 S Atlantic Ave Unit 102 – 3/3.5, 2,540 sq ft, sold March 2026 for $979,000. Same building and residential floor with two garage spaces, but superior as a direct west-facing Banana River residence with sweeping sunset views, two balconies, hurricane-rated glass, smart shades and upgraded water-treatment systems.
2. 3219 S Atlantic Ave Unit 602 – 3/2, 2,419 sq ft, sold January 2026 for $855,000. Fully remodeled sixth-floor oceanfront residence with east and west balconies. Similar size but superior floor position and direct ocean frontage; inferior with two fewer half/full bathrooms and only one garage space.
3. 3221 S Atlantic Ave Unit 703 – 3/2, 2,126 sq ft, sold April 2026 for $952,250. Fully renovated seventh-floor oceanfront unit with designer kitchen, spa-style bathroom and direct ocean and river views. Considerably smaller with one garage space, but superior renovation, elevation and waterfront exposure.
4. 3221 S Atlantic Ave Unit 404 – 3/2, 2,126 sq ft, sold February 2026 for $710,000. Fourth-floor oceanfront unit with granite kitchen, new carpet, 2024 AC and one garage space. Smaller and older with fewer bathrooms, but provides a useful lower-end comparison for a dated or moderately updated unit.
5. 2485 S Atlantic Ave Unit 101 – 3/3.5, 2,946 sq ft, sold May 2026 for $1,140,000. Similar-age luxury oceanfront condominium with a comparable bedroom and bathroom count, but approximately 434 sq ft larger with direct ocean frontage. An upper-end comparison.
6. 3500 S Atlantic Ave Unit 201 – 3/3.5, 2,540 sq ft, sold November 2023 for $1,215,000. Same-building third-floor southwest corner residence, completely renovated in 2021 and sold furnished with Viking appliances, wet bar, fireplace and panoramic Banana River and Atlantic Ocean views. Superior in condition, floor position, orientation and water exposure.

ARV & Rental Analysis

Estimated ARV: $800,000 to $850,000 +/-

Estimated Rent: $3,300 to $4,200 per month +/-