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7240 Highway 1

Cocoa, FL 32927

2 bd 2 ba 1,002 sqft Built 1986 Lot 3,485 sqft condos
Most recent sale
$227,000
Aug 3, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 17, 2026 Listing removed $1,700 SpaceCoast
Jan 31, 2026 Listing removed $1,800 SpaceCoast
Oct 29, 2023 Listing removed $1,800 SpaceCoast
Oct 8, 2023 Price changed (rent) $1,800 SpaceCoast
Sep 3, 2023 Price changed (rent) $1,900 SpaceCoast
Aug 10, 2023 Listed for rent $2,000 SpaceCoast
Aug 3, 2023 Sold $227,000 SpaceCoast
Jul 6, 2023 Price changed $239,999 SpaceCoast
Jun 15, 2023 Listed $249,000 SpaceCoast
Apr 11, 2023 Listing removed SpaceCoast
Mar 26, 2023 Price changed $239,900 SpaceCoast
Mar 1, 2023 Listed $254,900 SpaceCoast
Oct 27, 2022 Sold $254,900 SpaceCoast
Mar 1, 1992 Sold $58,400 Public Record
Aug 1, 1991 Sold $45,100 Public Record
Sep 1, 1986 Sold $58,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $180,450 $180,450 $2,745
2024 $180,450 $180,450 $2,677
2023 $208,200 $208,200 $2,574
2022 $71,690 $719
2021 $69,610 $719
2020 $68,650 $684
2019 $67,110 $643
2018 $65,860 $642
2017 $64,510 $642
2016 $63,190 $645
2015 $62,760 $656
2014 $62,270 $657
2013 $61,350 $667
2012 $60,330 $421
2011 $58,580 $407
2010 $57,720 $369
2009 $56,210 $345
2008 $56,160 $348
2007 $54,530 $354

Property facts

Year built
1986
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,002 sqft
Lot size
3,485 sqft
ZIP code
32927
City
Cocoa
Street
Highway 1
Coordinates
28.48417, -80.77133

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,854
Gross rental yield
9.80%
Implied cap rate
6.37%
Trend-extrapolated value

Frequently asked questions

When did 7240 Highway 1 last sell?
7240 Highway 1 most recently sold on Aug 3, 2023 for $227,000.
What is the current tax assessment for 7240 Highway 1?
The most recent total assessment for 7240 Highway 1 (year 2025) is $180,450 with $2,745 in property tax.
How does 7240 Highway 1's assessment compare to its last sale price?
The current assessment is 20.5% below the last sale price of $227,000.
When was 7240 Highway 1 built?
7240 Highway 1 was built in 1986.
How does 7240 Highway 1 compare to others on Highway 1?
We track 8 other properties on Highway 1. Browse the list under "Other properties on Highway 1" to compare beds, baths, and sale history.
What are the property facts for 7240 Highway 1?
7240 Highway 1 is a 2 bed, 2 bath, 1,002 sqft, 3,485 sqft lot condos.
Is 7240 Highway 1 a flip candidate?
No — 7240 Highway 1 does not appear in our flips dataset.
Is 7240 Highway 1 a tax-appeal candidate?
No — 7240 Highway 1 is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.3%
Implied 1-yr
-1.1%
2026 Q3
$319K
2026 Q4
$318.2K
ZIP 32927 — Median Price History + Forecast

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