5805 Highway A1A Melbourne Beach, FL 32951
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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