$4,500,000
Melbourne Beach, FL 32951
MLS# 1010359
8 beds | 8 baths
1 / 19
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.
Details
Maps
Contract Information
Start Showing Date: 2024-01-21
Comp Sale YN: No
Current Price: $4,500,000
Original List Price: 5799000
List Price: $4,500,000
Status: Active
Listing Contract Date: 2024-01-04
Property Sub Type: Multi Family
Location, Tax, and Legal
Unit Number: A
Tax Account: 2954024
Parcel Number: 29-38-14-Gz-00004.0-0015.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 17499.1
Tax Year: 2023
Tax Legal Description: MELBOURNE SHORES 1ST ADDN LOTS 15,16 BLK 4 ALSO LOTS 15A, 16A BLK 4 OF MELBOURNE SHORES SECOND ADDN PER PLAT BOOK 11 PG
Zoning Description: Commercial/Residential/Office
Directions: 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.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 10
Stories Total: 2
Bathrooms Half: 0
Living Area: 6857
Living Area Source: Owner
Lot Size Acres: 1.53
Lot Size Square Feet: 66646.8
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Parking Total: 38
Senior Community YN: No
Water Body Access YN: No
Furnished: Partially
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 656.26
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Year Built: 1958
Remarks and Miscellaneous
Public Remarks: $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.
Appliances
Dryer: 1
Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Washer/Dryer Stacked: 1
Water Softener Owned: 1
Association Amenities
Management - Off Site: 1
Management - On Site: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Electric: 1
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Hotel/Motel: 1
Office: 1
Flooring
Tile: 1
Heating
Electric: 1
Varies by Unit: 1
Other: 1
Laundry Features
Common Area: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Additional Parking: 1
Garage: 1
RV Access/Parking: 1
Shared Driveway: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 216000
Income Includes
Rent Only: 1
Road Frontage Type
Highway: 1
Road Surface Type
Asphalt: 1
Paved: 1
Roof
Metal: 1
Other: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Owner Licensed RE: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1200
Unit SqFt: 240
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Next to Restaurant and Laundry.
Unit 2 Details
Unit ID: 2
Actual Rent: 1350
Unit SqFt: 322
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Next to Laundry
Unit 3 Details
Unit ID: 3
Actual Rent: 1700
Unit SqFt: 472
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Studio
Unit 4 Details
Unit ID: 4
Actual Rent: 1350
Unit SqFt: 321
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 5 Details
Unit ID: 5
Actual Rent: 1300
Unit SqFt: 327
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 6 Details
Unit ID: 6
Actual Rent: 1600
Unit SqFt: 444
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Oceanfront Studio
Unit 7 Details
Unit ID: 7
Actual Rent: 1700
Unit SqFt: 645
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2
Unit 8 Details
Unit ID: 8
Actual Rent: 1650
Unit SqFt: 645
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2
Utilities
Cable Available: 1
View
Beach: 1
Water: 1
Water Source
Shared Well: 1
Well: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Location Tax and Legal
Street Number: 5925
Street Direction Prefix: S
Street Name: Hwy A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: Melbourne Shores 1st Addn
Status Change Information
Major Change Timestamp: 2025-12-16T02:55:43Z
Major Change Type: Status Change
Price Change Timestamp: 2025-10-31T00:50:24Z
Status Change Timestamp: 2025-12-15
Property Features
Appliances: Dryer; Electric Oven; Microwave; Refrigerator; Washer; Washer/Dryer Stacked; Water Softener Owned
Association Amenities: Management - Off Site; Management - On Site
Construction Materials: Block; Concrete
Cooling: Central Air; Electric; Wall/Window Unit(s)
Current Use: Commercial; Hotel/Motel; Office
Flooring: Tile
Heating: Electric; Varies by Unit; Other
Income Includes: Rent Only
Laundry Features: Common Area
Listing Terms: Cash; Conventional
Parking Features: Additional Parking; Garage; RV Access/Parking; Shared Driveway
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Asphalt; Paved
Roof: Metal; Other
Sewer: Septic Tank
Special Listing Conditions: Owner Licensed RE
Utilities: Cable Available
View: Beach; Water
Water Source: Shared Well; Well
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Office: Salt Water Realty of Brevard
Last Updated: December - 16 - 2025
Information is deemed to be reliable, but is not guaranteed.