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Property profile & analytics
OFF-MARKET
Land

5805 Highway A1A Melbourne Beach, FL 32951

Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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