344 MCLEOD DRIVE, Cocoa, FL 32922

• 3 beds |
• 2 baths |
• 1,152 sqft

Property Description

<INVESTOR SPECIAL> 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! <NO ASSIGNABLE CONTRACTS>

Listing Status:

Active

Date Added:

November 8, 2025 at 06:00AM

Listing Office:

RICHARD PETERS REALTY LLC : 352-448-9712

Listing Agent:

Ronald Ryder : 305-302-9806

MLS ID:

TB8446427

Interior

• General: Other
• Appliances: Other
• Laundry: Laundry Room
• Flooring: ConcreteWood
• A/C: Central Air
• Heating: CentralElectric
• Fireplace: OutsideFireplace

Exterior

• General: Other

Construction

• Roofing: Built-UpOther
• General: ConcreteStuccoFrameOneSlab

Location

• Road/Access: AsphaltConcrete
• Originating MLS: Stellar MLS
• County: Brevard

Lot

• Zoning: RU17CARLETON TERRACE ADDN LOTS 91011 BLK 2224 3617-55-22-9

Utilities

• Utilities: Other
• Water: Public
• Sewer: Septic Tank

Financial

• Source: Stellar MLS
• Ownership: Fee Simple

This listing courtesy of Ronald Ryder, RICHARD PETERS REALTY LLC