$4,750,000
$1M PRICE DROP

5925 S Highway A1a Unit A Melbourne Beach, FL 32951

Floridana Beach Neighborhood

Estimated payment $28,122/month

Total Views 5,325
8 Beds
8 Baths
6,857 Sq Ft
$693 Price per Sq Ft

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.

Listing Agent

Michael DeAngelo

Salt Water Realty of Brevard License #3608671 Listed on: 02/04/2025

Co-Listing Agent

Ken DeAngelo

Salt Water Realty of Brevard License #3597193

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,499

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Road Frontage Type: Highway
  • Road Surface Type: Asphalt, Paved
  • Reso View: Beach, Water
  • Reso Association Amenities: Management - Off Site, Management - On Site
  • Co List Office Mls Id: swrb0
  • Co List Office Phone: 321-720-0409
  • ResoSpecialListingConditions: Owner Licensed RE
  • Subdivision Name: Melbourne Shores 1st Addn
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Gross Scheduled Income: 216000.0
  • Laundry Features Common Area2: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Dryer, Electric Oven, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Softener Owned
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Stories: 2
  • Appliances:Water Softener-Owned: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:WasherDryer Stacked: Yes

Exterior Features

  • Roof: Metal, Other
  • Acres: 1.53
  • Pool Private: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Garage, RV Access/Parking, Shared Driveway
  • Total Parking Spaces: 38.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Garage: Yes
  • Parking Features:RV AccessParking: Yes
  • General Property Information:Parking Total: 38.0
  • Parking Features:Shared Driveway: Yes

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Utilities: Cable Available
  • Heating: Electric, Varies by Unit, Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Shared Well, Well
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes
  • Heating:Varies by Unit2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Commercial, Hotel/Motel, Office
  • Lot Size Sq Ft: 66646.8
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2954024
  • Parcel #: 29-38-14-Gz-00004.0-0015.00
  • Zoning Description: Commercial/Residential/Office

Rental Info

  • Furnished: Partially

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 17499.1

Multi Family

  • Number Of Units Total: 10
  • Income Includes: ["Rent Only"]

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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®)

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

MLS Number: 1010359

Space Coast MLS (Space Coast Association of REALTORS®)

Florida Brevard County Melbourne Beach 32951 Floridana Beach

5925 S Highway A1a Unit A, Melbourne Beach, FL

This home is located at 5925 S Highway A1a Unit A, Melbourne Beach, FL 32951 and is currently priced at $4,750,000, approximately $692 per square foot. This property was built in 1958. 5925 S Highway A1a Unit A is a home located in Brevard County with nearby schools including Gemini Elementary School, Herbert C. Hoover Middle School, and Melbourne Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Listing Agent
Michael DeAngelo
Section Image
Salt Water Realty of Brevard
(321) 265-3195