$2,690,000
Melbourne Beach, FL 32951
MLS# 976104
6 beds | 3416 sqft
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Property Description
Discover the ultimate oceanfront investment in the coveted Melbourne Beach community. This exceptional property offers the perfect blend of coastal living and lucrative rental income potential. Wake up to the soothing sounds of the waves and breathe in the salty sea breeze right from your doorstep. Located just a short drive from shopping, dining, fishing, and surfing, this prime location ensures you have easy access to all the amenities you desire. Currently operating as short-term rentals, these units present significant income-generating opportunities. This is your chance to own a slice of paradise, indulge in beachfront living, and secure a promising investment all in one. Opportunities like this are rare, so don't miss out. Act now and make oceanfront dreams a reality!
Details
Maps
Contract Information
Current Price: $2,690,000
Original List Price: 2950000
List Price: $2,690,000
Status: Active
Listing Contract Date: 2023-09-23
Property Sub Type: Triplex
Location, Tax, and Legal
Street Number: 5255 A,B,C
Street Direction Prefix: S
Street Name: Highway A1a
Tax Account: 2953546
Parcel Number: 29-38-10-Gx-00009.0-0004.00
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
General County Location: South
Subdivision Name: New Melbourne Beach
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 7947
Tax Year: 2023
Tax Legal Description: NEW MELBOURNE BEACH LOT 4 BLK 9
Directions: A1A south of the Driftwood (Publix) Plaza approx 3 miles to 5255 on the ocean.
General Property Information
Number Of Units Total: 3
Bedrooms Total: 6
Living Area: 3416
Living Area Source: Public Records
Building Area Total: 3416
New Construction YN: No
Year Built: 1974
Garage YN: No
Carport YN: No
Open Parking Spaces: 6
Parking Total: 6
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Association YN: No
Use Code: R-U-2-4
Waterfront YN: Yes
List Price/SqFt: 787.47
Remarks and Miscellaneous
Public Remarks: Discover the ultimate oceanfront investment in the coveted Melbourne Beach community. This exceptional property offers the perfect blend of coastal living and lucrative rental income potential. Wake up to the soothing sounds of the waves and breathe in the salty sea breeze right from your doorstep. Located just a short drive from shopping, dining, fishing, and surfing, this prime location ensures you have easy access to all the amenities you desire. Currently operating as short-term rentals, these units present significant income-generating opportunities. This is your chance to own a slice of paradise, indulge in beachfront living, and secure a promising investment all in one. Opportunities like this are rare, so don't miss out. Act now and make oceanfront dreams a reality!
Status Change Information
Major Change Timestamp: 2024-05-17T03:13:53Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-05-17T03:13:53Z
Status Change Timestamp: 2023-09-26
Closing Company Details
Closing Company Name: State Title Partners - Sonia Ackley sonia@statetitlepartners.net Ph:321-728-3836 Fax:321-725-5178
Closing Company Address: 300 W Fee Ave. Melbourne, FL 32901
DPR Eligible
DPR Eligible: No
Unit 1 Details
Unit ID: A
Unit SqFt: 1520
Beds Total: 3
Baths Total (Legacy): 2
Furnished: Partially
Unit Remarks: Owner occupied. Not currently leased.
Unit 2 Details
Unit ID: B
Unit SqFt: 1319
Beds Total: 2
Baths Total (Legacy): 2
Furnished: Partially
Unit Remarks: Ocean views from the living/dining area.
Unit 3 Details
Unit ID: C
Unit SqFt: 544
Beds Total: 1
Baths Total (Legacy): 1
Furnished: Partially
Unit Remarks: Beach access.
Showing Requirements
Gated: Private
Historical Information
Public Historical Remarks 1: Zoning: MULTI-FAMILY, Contact: List Agent, Legal/Misc-Homestead: Yes, Legal/Misc-Home Warranty: No, Legal/Misc-Deed Restrictions: No, Lot Description-Sold As-Is: Yes, Lot Description-County: Y, Lot Description-East of US1: Y, Lot Description-Paved Street: Y
Public Historical Remarks 3: Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building
Property Features
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Multi-Family
Financial Data Source: Owner
Flooring: Carpet; Tile; Vinyl
Heating: Central
Levels: Two
Listing Terms: Cash; Conventional
Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Insurance; Management; Repairs; Taxes; Trash Collection; Water; Other
Pool Features: None
Road Surface Type: Paved
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Water Available
Water Source: Well
Waterfront Features: Ocean Front
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Showing Service
Listing Office: One Sotheby's International
Last Updated: May - 17 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.