$5,799,000
Melbourne Beach, FL 32951
MLS# 1010359
8 beds | 8 baths
1 / 8
Property Description
Welcome to the most Unique Property and Best investment opportunity in all of Melbourne Beach, Florida. 1.53 Acres of Oceanfront Property with over 150 Ft. of Direct Ocean frontage. 10 Bedrooms 10 baths. Properties of this size Directly on the Atlantic Ocean are very Rare. Currently a Nine unit apartment/motel with a Full Service turnkey restaurant. 4 efficiency units, two studios with two 1 bedroom and one 2 bedroom apartments. This would make an Incredible resort or Wedding destination with full catering available on site. Pool Can be Added and units can be used as Short-Term or Long Term Rentals. Seven Miles North of the World Famous Sebastian Inlet State Park and Wildlife Refuge and Seven Miles to Downtown Melbourne Beach. So Much Potential. It must be seen to imagine the endless possibilities.
Details
Maps
Contract Information
Current Price: $5,799,000
Original List Price: 5799000
List Price: $5,799,000
Status: Active
Listing Contract Date: 2024-01-04
Property Sub Type: Multi Family
Comp Sale YN: No
Location, Tax, and Legal
Street Number: 5925
Street Direction Prefix: S
Street Name: Hwy A1a
Tax Account: 2954024
Parcel Number: 29-38-14-Gz-00004.0-0015.00
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
General County Location: South
Subdivision Name: Melbourne Shores 1st Addn
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 17499.1
Tax Year: 2023
Tax Legal Description: MELBOURNE SHORES 1ST ADDN LOTS 15,16 BLK 4 ALSO LOTS 15A, 16A BLK 4 OF MELBOURNE SHORES SECOND ADDN PER PLAT BOOK 11 PG
Zoning Description: Commercial/Residential/Office
Directions: From Rt. 192 turn right on A1A to the Town of Melbourne Beach ( Ocean Avenue ) turn left and head south of A1A for 7 miles to 5925 A. Highway A1A. Melbourne Shores.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 10
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 6857
Living Area Source: Owner
New Construction YN: No
Year Built: 1958
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 1.53
Lot Size Square Feet: 66646.8
Association YN: No
Furnished: Partially
Stories Total: 2
Direction Faces: East
Senior Community YN: No
List Price/SqFt: 845.71
Remarks and Miscellaneous
Public Remarks: Welcome to the most Unique Property and Best investment opportunity in all of Melbourne Beach, Florida. 1.53 Acres of Oceanfront Property with over 150 Ft. of Direct Ocean frontage. 10 Bedrooms 10
baths. Properties of this size Directly on the Atlantic Ocean are very Rare. Currently a Nine unit apartment/motel with a Full Service turnkey restaurant. 4 efficiency units, two studios with two 1 bedroom and one 2 bedroom apartments. This would make an Incredible resort or Wedding destination with full catering available on site. Pool Can be Added and units can be used as Short-Term or Long Term Rentals. Seven Miles North of the World Famous Sebastian Inlet State Park and Wildlife Refuge and Seven Miles to Downtown Melbourne Beach. So Much Potential. It must be seen to imagine the endless possibilities.
Status Change Information
Major Change Timestamp: 2024-04-09T18:36:23Z
Major Change Type: New Listing
Status Change Timestamp: 2024-04-09
Unit 1 Details
Unit ID: 1
Actual Rent: 19200
Unit SqFt: 310
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Next to Restaurant and Laundry.
Unit 2 Details
Unit ID: 2
Actual Rent: 19200
Unit SqFt: 322
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Next to Laundry
Unit 3 Details
Unit ID: 3
Actual Rent: 24000
Unit SqFt: 472
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Studio
Unit 4 Details
Unit ID: 4
Actual Rent: 19200
Unit SqFt: 321
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 5 Details
Unit ID: 5
Actual Rent: 19200
Unit SqFt: 327
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 6 Details
Unit ID: 6
Actual Rent: 24000
Unit SqFt: 444
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: Oceanfront Studio
Unit 7 Details
Unit ID: 7
Actual Rent: 21600
Unit SqFt: 645
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2
Unit 8 Details
Unit ID: 8
Actual Rent: 21600
Unit SqFt: 645
Beds Total: 1
Full Baths Total: 1
Furnished: Partially
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2
Property Features
Cooling: Central Air; Electric; Wall/Window Unit(s)
Current Use: Commercial; Hotel/Motel; Office
Heating: Electric; Varies by Unit; Other
Listing Terms: Cash; Conventional
Parking Features: Additional Parking; Garage; RV Access/Parking; Shared Driveway
Pool Features: None
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Asphalt; Paved
Sewer: Septic Tank
Special Listing Conditions: Owner Licensed RE
Utilities: Cable Available
View: Beach; Water
Water Source: Shared Well; Well
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Office: Salt Water Realty of Brevard
Last Updated: April - 30 - 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.