5010 N Us Highway 1, Palm Shores, FL 32940 (MLS# 1087727)

5010 N Us Highway 1, Palm Shores, FL 32940

New Listing
$985,000
Property Type: Residential Income Bedrooms: 6 Baths: 3 Square Footage: 2,576 Lot Size (sq. ft.): 24,394 Status: Active
Current Price: $985,000 List Date: 9/16/2026 Last Modified: 9/16/2026

Overview

Description

Intracoastal Waterway multi-unit property with no HOA located on a large tropical private lot surrounded by water and trees with a creek running alongside the southern edge of the property. Ideally located on the mainland directly across Pineda Causeway from Patrick Space Force Base and beautiful beaches. Minutes from Suntree/Viera and convenient shopping and restaurants. Near USSSA Space Coast Complex which is great for short term bookings. Completely renovated and professionally decorated perfectly finished for short term stays. This tropical oasis comes with 3 independent residential units and a full RV hook up site with its own fireplace and seating area. On site community laundry facility, storage rooms, locked supply room, covered parking and plenty of open space to allow for boat/RV parking or future expansion for more RV sites or Tiny Homes. Endless possibilities with this one of a kind property that is available for the very first time!

Listing Details MLS# 1087727

General Property Information

Number Of Buildings
2
Number Of Units Total
3
Bedrooms Total
6
Bathrooms Total
3
Bathrooms Full
3
Living Area
2336
Living Area Source
Appraiser
Building Area Total
2576
New Construction YN
No
Year Built
1951
Garage YN
Yes
Garage Spaces
Yes
Carport YN
Yes
Carport Spaces
4
Open Parking Spaces
3
Parking Total
8
Lot Size Acres
0.5599
Lot Size Square Feet
24393.6
Lot Size Dimensions
325x75
Association YN
No
CDD Fee YN
No
Water Body Access YN
Yes
Furnished
Partially
Stories Total
2
Stories
2
Direction Faces
East
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
421.66

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Concrete; Frame; Stone Veneer; Stucco; Vinyl Siding Cooling: Central Air; Electric; Multi Units; Varies by Unit; Wall/Window Unit(s) Current Use: Multi-Family; Residential Exterior Features: Balcony; Fire Pit Fencing: Block; Chain Link Fireplace Features: Wood Burning; Other Flooring: Carpet; Luxury Vinyl; Tile Heating: Central; Electric Income Includes: Rent Only Laundry Features: Common Area; Electric Dryer Hookup; Sink; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Cleared; Drainage Canal; Many Trees; Wooded Other Structures: Shed(s) Owner Pays: Electricity; Grounds Care; Insurance; Taxes; Trash Collection; Water Parking Features: Additional Parking; Attached; Carport; Covered; Detached; Garage; RV Access/Parking Possession: Close Of Escrow Road Frontage Type: Highway Road Surface Type: Gravel Roof: Shingle Security Features: Security Lights; Smoke Detector(s) Sewer: Septic Tank Special Listing Conditions: Owner Licensed RE; Standard Utilities: Cable Available; Electricity Connected; Water Available View: Protected Preserve; River; Trees/Woods; Water Water Body Access Type: Navigable; Public Accessible Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; No Sign; Restricted Hours

Contract Information

Original List Price
985000
Listing Contract Date
2026-09-16
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
5010
Street Direction Prefix
N
Street Name
Us Highway 1
County
Brevard
State
FL
Postal Code
32940
MLS Area Major
322 - NE Melbourne/Palm Shores
Subdivision Name
Honeybrook Plantation

Remarks and Miscellaneous

Public Remarks
Intracoastal Waterway multi-unit property with no HOA located on a large tropical private lot surrounded by water and trees with a creek running alongside the southern edge of the property. Ideally located on the mainland directly across Pineda Causeway from Patrick Space Force Base and beautiful beaches. Minutes from Suntree/Viera and convenient shopping and restaurants. Near USSSA Space Coast Complex which is great for short term bookings. Completely renovated and professionally decorated perfectly finished for short term stays. This tropical oasis comes with 3 independent residential units and a full RV hook up site with its own fireplace and seating area. On site community laundry facility, storage rooms, locked supply room, covered parking and plenty of open space to allow for boat/RV parking or future expansion for more RV sites or Tiny Homes. Endless possibilities with this one of a kind property that is available for the very first time!

Status Change Information

Major Change Timestamp
2026-09-16T17:54:38Z
Major Change Type
New Listing
Status Change Timestamp
2026-09-16

More Information

Closing Company Details

Closing Company Name
Bella Title & Escrow
Closing Company Address
6450 N Wickham Rd #106 Melbourne, FL 32940

Fireplace Features

Fireplaces Total
Yes

Income and Expenses

Gross Income
75000

Legal Details

Plat Book #
9
Plat Book Page
75

Unit 1 Details

Unit ID
Yes
Actual Rent
2500
Unit SqFt
942
Full Baths Total
Yes
Furnished
Negotiable
Unit Remarks
First floor front unit

Unit 2 Details

Unit ID
2
Actual Rent
3300
Unit SqFt
1394
Full Baths Total
Yes
Furnished
Negotiable
Unit Remarks
second floor front unit

Unit 3 Details

Unit ID
3
Actual Rent
1500
Unit SqFt
432
Full Baths Total
Yes
Furnished
Negotiable
Unit Remarks
second floor rear building studio
Listing Office: Real Broker LLC
Last Updated: September - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.

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