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$1,500,000

7521 Magnolia Ave Cape Canaveral, FL 32920

15 beds
8 full
4,906 sqft
0.2 acres
$306 / sqft
Multi-Family

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

Home typeMulti Family
HeatingVaries By Unit
StatusActive
CoolingWall/Window Unit(s), Split System
Size4,906 sqft
Lot size0.16 Acres
Year built1962
ParkingParking Lot
MLS #1039315

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

IDX 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: 7/2/2025, 5:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Mar 28, 2019
Home Sold
$375,000
Jan 11, 2011
Home Sold
$87,500

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $35,472. The majority of Cape Canaveral, FL residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

49%
<35k
40%
35k-100k
11%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

72%
Single, No Kids
8%
Single, with Kids
17%
Married, No Kids
3%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
3%
12-17 yrs old
21%
18-34 yrs old
54%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • BurlingtonBurlington
  • Chico'sChico's
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Bob EvansBob Evans
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • DodgeDodge
  • OldsmobileOldsmobile
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • NewsNews
  • JazzJazz
All data provided by Home Junction and Claritas

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.

Over 0 listings were sold over their listed price in June 2025 in Cape Canaveral, FL. In the same period over 19 listings were sold below the listed price and 3 listings were sold for the listed price. 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.

From Rocket Homes Real Estate and based on county public records data.

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