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5925 S Hwy A1a, Melbourne Beach, FL 32951

$4,000,000
: 8
BD
: 8
BA
: 6,857
SqFt

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Sold Price: $4,000,000
List Price: $4,444,000
Closing Date: Jun 01, 2026
MLS#: 1010359
Status: CLOSED
Type: Multifamily
County: Brevard
City: Melbourne Beach
Area: South Beaches
Subdivision: Melbourne Shores 1st Addn
Bedrooms: 8
Bathrooms: 8
Living Area: 6,857
Total Square Feet: 66,646
Acres: 1.53
Year Built: 1958
Days on Market: 879

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Property Description

UNDER CONTRACT ACCEPTING BACKUP OFFERS ** Incredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast. Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset. The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today's market. With a $500,000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.

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Additional Information

Tax Year: 2023
Tax Amount: $17,499
Equipment And Appliances: Dryer, Electric Oven, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Softener Owned
Utilities: Cable Available
Exterior Finish: Block, Concrete
Construction: Block, Concrete
Roof: Metal, Other
Floor: Tile
Parking: Additional Parking, Garage, RV Access/Parking, Shared Driveway
Parking Spaces: 38
Garage Spaces: 2
Dwelling View: Beach, Water
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne