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    5660 Highway A1A Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $1,800,000

    1.29-acre commercial/residential lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime 1.29-acre lot (56,192 sq ft) in Melbourne Beach, Florida, presents a unique opportunity for development. Located at 5660 S Hwy A1a, this cleared, high-and-dry property offers flexibility for custom home construction or utilizing a pre-designed plan. The pre-designed option features a luxurious 5-bedroom, 6-bathroom, 4,043 sq ft, two-story home with an eat-in kitchen, open living area, walk-in wine cellar, bar, BBQ deck, and resort-style pool. Its exceptional location is just one block from the beach, minutes from Indialantic's 5th Avenue, and 9 miles from Sebastian Inlet. This represents a significant value proposition, considering smaller, comparable lots are selling for over $600,000. The asking price for this expansive property is $1,800,000. This is a rare chance to build your dream home in a highly desirable coastal location. The property is zoned for both commercial and residential use, providing diverse development possibilities. The address is 5660 S Hwy A1a, Melbourne Beach, FL 32951.

    Property Features for 5660 Highway A1A

    General Information

    Property type
    Land

    HighLights

    • 1.29‑acre (56,192 sq ft) lot in Melbourne Beach, FL.
    • Cleared, high‑and‑dry lot at 5660 S Hwy A1A.
    • Zoned for commercial and residential use.
    • Pre‑designed 5 bed/6 bath, 4,043 sq ft home option available.
    • One block from the beach, minutes from Indialantic's 5th Avenue, 9 miles from Sebastian Inlet.
    • Asking price: $1,800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Pharmacy Accounting Firm Hotel & Motel Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.510459
    Latitude
    27.969819

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 1.29-acre commercial/residential lot
    Where is this land located?
    The property is located at 5660 Highway A1A Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 1.29-acre (56,192 sq ft) lot in Melbourne Beach, FL.; Cleared, high-and-dry lot at 5660 S Hwy A1A.; Zoned for commercial and residential use.
    (321) 349-5068
    Request Owner's contact information
    5660 Highway A1A Melbourne Beach, FL 32951
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    Melbourne Beach, FL 32951
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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
    5660 Highway A1A Melbourne Beach, FL 32951
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