344 MCLEOD DRIVE
Cocoa, FL, 32922
$
229,700
Bedrooms3
Baths2.0
Sq
1,152
Monthly Estimate*
$
1,433
for $229,700 with 3 bedrooms and 2 full baths. This 1,152 square foot home was built in 1925 on a lot size of 0.49.
Massive Half-Acre Property with 3 Structures Near the Water– Priced to Sell Fast!
This is an INVESTOR SPECIAL- priced aggressively in one of Cocoa’s most desirable areas- Carleton Terrace- just a short walk from the water and with easy access to Jimmy Buffet Memorial Highway for a quick drive over to Cape Canaveral and the beaches. Sitting on a massive half-acre lot, this unique property features three separate structures, offering endless opportunity for value-add, redevelopment, or strong long-term cash flow. Everything is permitted and has been standing solid since the 1980s.
The main home is a 3-bed, 2-bath residence that exudes classic Florida character with blue stucco walls and textured Spanish-style architecture. The curb appeal is undeniable, with mature trees, lush greenery, and a quiet, private feel throughout the grounds. The secondary adjacent wood-sided structure adds even more potential— ideal for a guest unit, workshop, or conversion to additional living space. There’s also a building that originally served as a carriage house, now perfect for extra storage or creative use.
Inside, the home maintains its vintage charm with original hardwood flooring, arched entryways, and a cozy fireplace centerpiece that brings warmth and personality to the main living area. The kitchen and baths are ready for a full modern update, giving investors the perfect blank canvas to design and add value. The layout is flexible, with well-sized bedrooms and plenty of natural light throughout.
Major systems are in fair condition— the A/C is less than 10 years old, and both the plumbing and electrical are in good working order. The roof is older and likely near the end of its lifespan, making this a true fix-and-flip or buy-and-hold opportunity for anyone looking to capitalize in one of Cocoa’s most sought-after neighborhoods. And with no HOA and zero restrictions, you’ve got complete flexibility to renovate, rent out, or expand exactly how you want.
Overall, this property blends old-Florida character, massive land, and endless potential for customization, expansion, or income generation. Priced aggressively for a quick sale — schedule your showing today before it’s gone!
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Features
Interior
Interior Amenities
other
Flooring
concrete
hardwood
Fireplace Features
outside
Total Stories
1
Air Conditioning Y/N
yes
Heating Y/N
yes
Fireplace Y/N
yes
Half Baths
0
Laundry Features
laundry room
Total Bedrooms
3
Total Baths
2
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General
Sewer
septic tank
Heating
central
electric
Cooling
central air
Utilities
other
Roof
built-up
other
Appliances
other
Zoning
ru17
Construction Materials
concrete
stucco
wood frame
Year Built
1925
Levels
one
Property Subtype
single family residence
Tax Year
2024
Ownership
fee simple
County
brevard
New Construction
no
Property Type
residential
HOA
N
Subdivision Name
carleton terrace add
Facing Direction
south
Garage Y/N
no
Total Rooms
3
Full Baths
2
Status
active
Directions
continue onto us-1 n (also called florida hwy a1a alternate / atlantic avenue)
stay on us-1 n for around 10-15 miles until you reach the cocoa area
turn right onto mcleod drive
continue on mcleod
City
cocoa
Senior Community Y/N
no
MLS Area
32922 - cocoa
Lot Size Units
square feet
Lot Size Square Feet
21344
Carport Y/N
no
Listing Terms
cash
conventional
Land Lease Y/N
no
Tax Annual Amount
3414.11
Additional Parcels Y/N
no
Lease Considered Y/N
yes
Virtual Tour
https://www.propertypanorama.com/instaview/stellar/tb8446427
Building Area Units
square feet
Living Area Units
square feet
Standard Status
active
Occupancy Type
vacant
Tax Lot
9
Legal Description
carleton terrace addn lots 9
10
11 blk 22
Minimum Lease
no minimum
Water Access Y/N
no
Water View Y/N
no
Flood Zone Code
x
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Exterior
Exterior Amenities
other
Water Source
public
Lot Size Area
21344
Foundation Details
slab
Building Area Total
1420
Lot Dimensions
150 x 143
Lot Size Acres
0.49
Road Surface Type
asphalt
concrete
Private Pool
no
Waterfront Y/N
no
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* Excluded Features
List By
Richard Peters Realty Llc
Broker
rryder@richardpetersrealty.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $1,433
- Monthly Property Taxes
- $285
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Cocoa, FL
Average List Price
$387,527
Percent of Sale Price
69%
About Cocoa, FL
18,070
Population
5%
Since 2002
$
35,570
Median Income
39.98
Median Age
29%
Households with Children
Trends Information provided by ATTOM Data Solutions.
266288
Elementary School
265661
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
12/5/2025
|
$229,700
|
-4.25%
|
Price Down
|
|
11/30/2025
|
$239,900
|
-2.08%
|
Price Down
|
|
11/24/2025
|
$244,999
|
-8.58%
|
Price Down
|
|
11/17/2025
|
$267,999
|
-4.25%
|
Price Down
|
|
11/14/2025
|
$279,900
|
-1.79%
|
Price Down
|
|
11/9/2025
|
$284,999
|
|
Listed Price
|
344 MCLEOD DRIVE, Cocoa, FL, 32922 is a Single Family Home for sale at $229,700 with 1,152 sqft and a lot size of 0.49. 344 MCLEOD DRIVE has 3 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 32922 which is in Cocoa, FL