Technical
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Property profile

5805 Highway A1A Melbourne Beach, FL 32951

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 26,572 square foot oceanfront property in Melbourne Beach, Florida, presents a unique investment opportunity. Located at 5805 Highway A1A, zip code 32951, this .61-acre parcel offers breathtaking ocean views and the potential for diverse development. Currently featuring a well-maintained duplex, the property allows for immediate income generation or demolition to make way for a new construction project. The quiet, pristine beach location provides a tranquil setting, ideal for a luxury residence or a rental property. The RU-24 zoning designation permits nightly rentals, opening up possibilities for short-term vacation rentals. This versatile property is situated in Brevard County and offers a rare combination of established infrastructure and exceptional oceanfront location. The deep lot ensures privacy and ample space for development. The asking price is $2,350,000. This is a truly remarkable opportunity to own a piece of paradise in Melbourne Beach. Don't miss this chance to acquire this highly desirable oceanfront land.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5805 Highway A1A Melbourne Beach, FL 32951
Melbourne Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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