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    5765 Highway A1A Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $2,950,000

    Prime .83-acre beachfront lot, $2.95M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .83-acre oceanfront property in Melbourne Beach, Florida, presents a unique opportunity to build a dream home. Located at 5765 S Highway A1A, this 36,155 square foot lot boasts 103 feet of direct ocean frontage and a depth of 463 feet. Situated amongst multi-million dollar homes, the property offers unparalleled privacy and breathtaking views of the Atlantic Ocean. Imagine waking up to stunning sunrises, feeling the sea breeze, and enjoying the sounds of the waves crashing on the shore. The location provides easy access to a variety of recreational activities, including surfing, paddleboarding, kayaking, and fishing, all right in your backyard. Nearby attractions include Sebastian Inlet, Downtown Melbourne Beach, and the Aquarina Golf Club. The property's prime location and expansive size offer endless possibilities for creating a luxurious beachfront estate. The lot is zoned for both commercial and residential use, providing flexibility for future development. This is a rare opportunity to own a piece of paradise in one of Florida's most desirable coastal communities. The asking price is $2,950,000. The property is located in Brevard County, Florida, zip code 32951.

    Property Features for 5765 Highway A1A

    General Information

    Property type
    Land
    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
    -80.507727
    Latitude
    27.966848

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime .83-acre beachfront lot, $2.95M
    Where is this land located?
    The property is located at 5765 Highway A1A Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    Request Owner's contact information
    5765 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
    5765 Highway A1A Melbourne Beach, FL 32951
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