5925 S Hwy A1a #A Active

Melbourne Beach,FL 32951

$ 4750000

8 Beds

8 Baths

6857 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,857 sqft

Price per Sqft $692

Subdivision Melbourne Shores 1St Addn

MLS Listing ID 1010359

Bedrooms 8

Full Baths 8

HOA Y/N No

Total Fin. Sqft 6857

Year Built 1958

Annual Tax Amount $17,499

Tax Year 2023

Lot Size 1.530 Acres

Acres 1.53

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

$500,000 Price Improvement - Exceptional Oceanfront Development Opportunity

Incredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast.

Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset.

The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today's market.

With a $500,000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.

Location

State FL

County Brevard

Area 385 - South Beaches

Direction From Rt. 192 turn right on A1A to the Town of Melbourne Beach ( Ocean Avenue ) turn left and head south of A1A for 7 miles to 5925 A. Highway A1A. Melbourne Shores.

Interior

Heating Electric,Varies by Unit,Other

Cooling Central Air,Electric,Wall/Window Unit(s)

Flooring Tile

Furnishings Partially

Appliance Dryer,Electric Oven,Microwave,Refrigerator,Washer,Washer/Dryer Stacked,Water Softener Owned

Laundry Common Area

Exterior

Exterior Feature ExteriorFeatures

Parking Features Additional Parking,Garage,RV Access/Parking,Shared Driveway

Garage Spaces 2.0

Utilities Available Cable Available

Amenities Available Management - Off Site,Management - On Site

View Beach,Water

Roof Type Metal,Other

Present Use Commercial,Hotel/Motel,Office

Street Surface Asphalt,Paved

Road Frontage Highway

Garage Yes

Private Pool No

Building

Faces East

Sewer Septic Tank

Water Shared Well,Well

New Construction No

Schools

Elementary Schools Gemini

High Schools Melbourne

Others

Senior Community No

Tax ID 29-38-14-Gz-00004.0-0015.00

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Owner Licensed RE

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