5925 S Hwy A1a, Melbourne Beach, FL 32951
- $4,000,000
- 8
- BD
- 8
- BA
- 6,857
- SqFt
- Sold Price
- $4,000,000
- List Price
- $4,444,000
- Closing Date
- Jun 01, 2026
- MLS#
- 1010359
- Status
- CLOSED
- Type
- Multifamily
- County
- Brevard
- City
- Melbourne Beach
- Area
- South Beaches
- Subdivision
- Melbourne Shores 1st Addn
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 6,857
- Total Square Feet
- 66,646
- Acres
- 1.53
- Year Built
- 1958
- Days on Market
- 879
Property Description
UNDER CONTRACT ACCEPTING BACKUP OFFERS ** 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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Additional Information
- Tax Year
- 2023
- Tax Amount
- $17,499
- Equipment And Appliances
- Dryer, Electric Oven, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Softener Owned
- Utilities
- Cable Available
- Exterior Finish
- Block, Concrete
- Construction
- Block, Concrete
- Roof
- Metal, Other
- Floor
- Tile
- Parking
- Additional Parking, Garage, RV Access/Parking, Shared Driveway
- Parking Spaces
- 38
- Garage Spaces
- 2
- Dwelling View
- Beach, Water
- Elementary School
- Gemini
- Middle School
- Hoover
- High School
- Melbourne
Mortgage Calculator
Listing courtesy of Salt Water Realty of Brevard. Selling Office: Salt Water Realty of Brevard.