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    818 Florida A1A Satellite Beach, FL 32937

    For Sale
    $10,000,000

    Prime Beachfront Land, 4.75 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.75-acre commercial land parcel presents a unique investment opportunity in Satellite Beach, Florida. Situated at the northwest corner of A1A and Shearwater Parkway, this property boasts unparalleled ocean views across from the permanently protected Hightower Beach Park & Preserve, ensuring unobstructed vistas forever. The site is fully prepared for immediate development, featuring a binding site plan and zoning approvals already in place for a 222-room, 85-foot-high hotel. Significant infrastructure work is complete, including site fill to 18 inches above road crown, stubbed water and sewer lines, and a secured stormwater permit for an interconnected offsite system. A concept plan for a 4-star hotel is available, capitalizing on the high demand for upscale accommodations in this desirable beachside market. The property is privately owned and offered at $10,000,000. This turnkey development opportunity offers significant potential for substantial returns. Located in Brevard County, Florida, with the address 818 Florida A1A, zip code 32937, this property is ready for a visionary developer to bring their hotel vision to life. The site's strategic location and pre-approved plans minimize development hurdles and maximize the potential for a swift and profitable project.

    Property Features for 818 Florida A1A

    General Information

    Property type
    Land
    Lot Size
    206,910 SF

    HighLights

    • $10,000,000 asking price.
    • 4.75‑acre commercial land parcel.
    • Located at the NW corner of A1A & Shearwater Parkway, Satellite Beach, FL.
    • Directly across from Hightower Beach Park & Preserve, ensuring unobstructed ocean views.
    • Approved site plan for a 222‑room, 85' high hotel.
    • Site is filled 18" above road crown, with water/sewer stubbed and stormwater permit secured.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Satellite Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.59511936573
    Latitude
    28.194044117421

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Beachfront Land, 4.75 Acres
    Where is this land located?
    The property is located at 818 Florida A1A Satellite Beach, FL.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: $10,000,000 asking price.; 4.75-acre commercial land parcel.; Located at the NW corner of A1A & Shearwater Parkway, Satellite Beach, FL.
    Request Owner's contact information
    818 Florida A1A Satellite Beach, FL 32937
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    Satellite Beach, FL 32937
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    818 Florida A1A Satellite Beach, FL 32937
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