7521 Magnolia Ave Cape Canaveral, FL 32920
Property details
About 7521 Magnolia Ave
Beachside Investment Opportunity - Fully Renovated 8-Unit Multifamily Property Just steps from the beach, this fully renovated 8-unit property presents an exceptional investment opportunity in a prime location. Fully renovated in 2020 down to the studs, this property is turn-key, fully tenant-occupied, and ready to generate income immediately. The property features 2 spacious 3-bedroom units, 3 well-sized 2-bedroom units, and 3 cozy 1-bedroom units. Each unit has its own private exterior entry, providing added privacy and convenience, along with ample parking for residents. Located just a short walk to the beach and a quick drive to Port Canaveral and Cocoa Beach, this property offers the perfect blend of beachside living and easy access to local attractions. Its high-quality renovations and prime location make it an ideal addition to any investment portfolio. Don't miss out on this incredible opportunity to own a fully updated multifamily property in one of the most sought-after beach areas in the region!
Highlights
Virtual tour
Summary
- Full Bathrooms: 8
- Total Bedroom Count: 15
- Attached Garage: No
- Parking: Parking Lot
- Heating: Varies By Unit
- Cooling: Wall/Window Unit(s), Split System
- List Price: $1,500,000
- Price/SqFt: $305
- Annual Tax Amount: $14,041
- Tax Year: 2023
- Directions: From A1A/Harrison Ave, head east on Harrison Ave. Turn south on to Magnolia Ave, and arrive at property on the right.
- Year Built: 1962
- Living Area: 4,906 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 1039315
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Blue Marlin Real Estate
- Office Phone: (321) 877-2902
- Office Email: chad@bluemarlinre.com
- Listing Agent: Brandon Phillips
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 12:50:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2019 | Home Sold | $375,000 |
| Jan 11, 2011 | Home Sold | $87,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,057,320 | $14,041 |
| 2022 | $1,005,000 | $12,359 |
| 2021 | $197,880 | $2,755 |
| 2020 | $197,880 | $2,818 |
| 2019 | $202,560 | $5,196 |
| 2018 | $320,000 | $5,056 |
| 2017 | $302,000 | $5,056 |
History based on county public records data.
Nearby schools
5
Cape View Elementary School
Public District PK-6
0.5 mi
•8440 Rosalind Ave
8
Audubon Elementary School
Public District PK-6
4.2 mi
•1201 N Banana River Dr
10
Robert L. Stevenson Elementary School
Public District KG-6
4.3 mi
•1450 Martin Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,472. The most common annual income of people living in Cape Canaveral, FL is less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Extreme Sports
Where do the neighbors shop?
Burlington
Chico's
Family Dollar
Where do the neighbors go to eat?
Popeyes
Bob Evans
Church's Chicken
What do the neighbors drive?
Dodge
Oldsmobile
Cadillac
What do the neighbors listen to?
Urban Contemporary
News
Jazz
Frequently asked questions
About 7521 Magnolia Ave
The listing price of 7521 Magnolia Ave property is $1,500,000.
The property 7521 Magnolia Ave is a multi located in Cape Canaveral, Florida, 32920.
Active Listing: 7521 Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7521 Magnolia Ave are: Cape View Elementary School (GreatSchools Rating 5/10), Audubon Elementary School (GreatSchools Rating 8/10), Robert L. Stevenson Elementary School (GreatSchools Rating 10/10), Jefferson Middle School (GreatSchools Rating 5/10), Ronald McNair Magnet School (GreatSchools Rating 3/10), Emma Jewel Charter Academy (GreatSchools Rating 2/10), Cocoa Beach Junior/Senior High School (GreatSchools Rating 6/10), Edgewood Jr/Sr High School (GreatSchools Rating 10/10), Merritt Island High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $14,041 (source: MLS/based on county public records data).
The last sale was on March 28, 2019 for $375,000 (source: MLS/tax record).
The property 7521 Magnolia Ave is 4,906 SqFt (source: MLS/tax record).
The year of construction for 7521 Magnolia Ave is 1962.
This home is located at 7521 Magnolia Ave in Cape Canaveral, FL and zip code 32920. This 4,906 square foot home, which was built in 1962, sits on a 0.16 acre lot. Features: 15 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $1,500,000.
In June 2025 more than 0 listings in Cape Canaveral, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 19 were sold below. In June 2025 in Cape Canaveral, FL there were 2.2% more homes for sale than in May. In June 2025, listings were on the market for 126 days. During the same period, the median list price in this real estate market was $342,500.