5925 S Hwy A1a #A, Melbourne Beach, FL 32951

Local realty services provided by:Better Homes and Gardens Real Estate Star
5925 S Hwy A1a #A,Melbourne Beach, FL 32951
$4,750,000
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  • 8 Beds
  • 8 Baths
  • 6,857 sq. ft.
  • Multi-family
  • Active
Listed by:michael john deangelo
Office:salt water realty of brevard
MLS#:1010359
Source:FL_SPACE

Price summary

  • Price:$4,750,000
  • Price per sq. ft.:$692.72

About this home

$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.

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Home facts

  • Year built:1958
  • Listing ID #:1010359
  • Added:117 day(s) ago

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:6,857 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric

Structure and exterior

  • Year built:1958
  • Building area:6,857 sq. ft.
  • Lot area:1.53 Acres

Schools

  • High school:Melbourne
  • Middle school:Hoover
  • Elementary school:Gemini

Finances and disclosures

  • Price:$4,750,000
  • Price per sq. ft.:$692.72
  • Tax amount:$17,499 (2023)
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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