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Property profile

5660 Highway A1A Melbourne Beach, FL 32951

OFF-MARKET
Land
Property ID
US18-2563413
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
UPID US18-2563413

Cap rate & NOI

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

Location

5660 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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