Buying an oceanfront condo is expensive, especially in Cocoa Beach. What if there was a complex that was direct ocean and had condos under $250,000…would you be interested in learning more about it?
This condo complex will not be for everyone. If you are looking for a lot of space, all the amenities, and luxury, this isn’t for you. If you are looking for a simple space to live full-time or to use as a second home, weekend getaway, & rent as an AirBnB when you aren’t using it, let me introduce you to the Marlin Apartment condos in Cocoa Beach.
This 32-unit condo complex is located at 22 Tulip Lane in Cocoa Beach. You are 1.2 miles from downtown Cocoa Beach. 2.7 miles to the Cocoa Beach Pier. To the south of the condo are the Sandcastle condos, a vacation rental-style mid-rise condo with all the amenities. Next to the Sandcastle is the Ocean Landing resort and timeshare. Across A1A is the La Quinta Inn by Windham. To the North, you have the Resort of Cocoa Beach, the Cocoa Beach Hilton Oceanfront, Lori Wilson Park, and the currently under construction Westin of Cocoa Beach luxury hotel. If you were looking for that weekend getaway/airBnB type property, this section of Cocoa Beach is geared towards it already.
The condos were built in 1964. 2 of the condos are 596 SqFt. The other 30 are 716 SqFt. One of the 32 condos (unit 311) is the on-site property manager’s office. Amenities for the Marlin include a private parking space, on-site laundry, a community patio that overlooks the ocean, and has picnic tables, benches, and BBQ grills. You have the public beach access and a private path from the condo to the beac,h too.
The association fee includes water, sewer, electric, cable, internet, building maintenance, grounds maintenance, hot water, AC…you need to furnish the condo, stock the condo with linens, kitchen supplies, appliances, and start enjoying your retreat near the beach.
If you are wondering why I am talking about a 32-unit condo…I am looking 2 years down the road, and the proximity to the Westin Hotel, currently under construction. Once open, the hotel would love to have you stop in and enjoy their restaurants, their bars, their live music, and their shops. You or your guests simply need to walk to the beach and head over to the resort. Will you have access to the pools, the spa, and other amenities??? Maybe/maybe not. I would imagine there would be some type of pass or fee for access. I do not have confirmation either way…It would only make sense to keep paying customers at the bar/restaurant near the pool to also have a service fee to take a swim.
I see the current condo market in Cocoa Beach is pulling down condo prices. I imagine the construction of the hotel is tarnishing the curb appeal for potential buyers in the market today. The same is probably true for the rental potential of the Marlin condos. Probably down with the noise next door. But what is more than likely happening over the next 12-18 months during construction of the hotel, the construction workers that are being brought in to work on building the hotel need a place to stay. The noise during the day will not bother them because they are at work.
A little more about the condo. You can rent daily, weekly, monthly, etc. Pets are allowed, only by the owners. Guests and rentals are not allowed to have pets on the property. The current association fee is $1,000 a month. This includes everything.
The condo has a first right of refusal. Once the seller accepts your offer, the terms of the contract are presented to all the owners. If one of the owners likes the terms and conditions, they can purchase the property as written. Unfortunately, this means you will not be buying the condo.
Property taxes will vary based on when you purchased & if you have a homestead exemption. The TRIM notice was just posted for 2025 taxes. A recent sale (November 2024) will pay $2552 for their 2025 property taxes.
There is an on-site property manager you can use, you can hire a different property manager, or you can self-manage if you plan on using this as a furnished short-term rental, aka Airbnb/VRBO. Here is a link to the onsite property manager so you can see the rates for Fall and Winter https://themarlin.com/rates/
Currently, there are 3 for sale between $199K-$239K Here is what’s for sale at the Marlin: https://www.ericlarkin.com/the-marlin-condo . Sales in the last 12 months were between $149K-$226K Here is a screenshot from the Brevard Property Appraiser site for the last 11 sales that happened between 3/31/2022-6/25/2025 ($149K-$250K). Since the condos are all pretty much the same size, the prices depend on proximity to the beach and condition. The condos are everywhere, from needing updates and furniture to being completely remodeled and furnished nicely.
Search for condos under $200K https://www.ericlarkin.com/condos-under-200k
What do you think about the idea of owning an oceanfront condo in Cocoa Beach that could be a turnkey AirBnB right next to a luxury 4-star hotel?
Eric Larkin is a Broker Associate with Real Broker, LLC. He lives, works, and plays in the Cocoa Beach area. If you have questions about moving or relocating to Cocoa Beach and the Space Coast, let me know! I get calls, texts, direct messages & comments on my posts every day about the real estate market and things that are happening in Cocoa Beach and the Space Coast that I love answering. Ask me your questions on moving, relocating here, or anything about the community. I am here to help. I have been helping buyers and sellers with their real estate needs since becoming a real estate agent in 2003. My focus is always on helping, answering your questions, and doing everything possible to make certain you have a smooth transaction from beginning to end.
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