5925 S Highway A1a Unit A Melbourne Beach, FL 32951
Floridana Beach NeighborhoodEstimated payment $28,122/month
Highlights
- Beach View
- RV Access or Parking
- No HOA
- Gemini Elementary School Rated A-
- 1.53 Acre Lot
- Cooling System Mounted To A Wall/Window
About This Home
$500,000 Price Improvement - Exceptional Oceanfront Development OpportunityIncredible 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,499
Year Built
- Built in 1958
Lot Details
- 1.53 Acre Lot
- Property fronts a highway
- East Facing Home
Parking
- 2 Car Garage
- Shared Driveway
- Additional Parking
- RV Access or Parking
Home Design
- Metal Roof
- Concrete Siding
- Block Exterior
- Asphalt
Interior Spaces
- 6,857 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Beach Views
- Stacked Washer and Dryer
Kitchen
- Electric Oven
- Microwave
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Heating Available
- Shared Well
- Well
- Water Softener is Owned
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 29-38-14-Gz-00004.0-0015.00
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
- Melbourne Shores 1St Addn Subdivision
Additional Features
- Laundry Facilities
- Gross Income $216,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/15/2025 04/15/25 | Price Changed | $4,750,000 | -9.5% | $693 / Sq Ft |
02/04/2025 02/04/25 | For Sale | $5,250,000 | 0.0% | $766 / Sq Ft |
02/02/2025 02/02/25 | Off Market | $5,250,000 | -- | -- |
02/02/2025 02/02/25 | For Sale | $5,250,000 | 0.0% | $766 / Sq Ft |
01/02/2025 01/02/25 | Off Market | $5,250,000 | -- | -- |
12/12/2024 12/12/24 | Price Changed | $5,250,000 | +1.0% | $766 / Sq Ft |
12/05/2024 12/05/24 | Price Changed | $5,200,000 | -1.9% | $758 / Sq Ft |
11/09/2024 11/09/24 | Price Changed | $5,300,000 | -2.8% | $773 / Sq Ft |
09/17/2024 09/17/24 | Price Changed | $5,450,000 | -3.5% | $795 / Sq Ft |
06/17/2024 06/17/24 | Price Changed | $5,649,000 | -2.6% | $824 / Sq Ft |
04/09/2024 04/09/24 | For Sale | $5,799,000 | -- | $846 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1010359

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