5815 Highway A1a, Melbourne Beach, FL 32951

$2,100,000

Property Type: Commercial Sale Square Footage: 9,344 Lot Size (sq. ft.): 39,204 Status: Closed

Current Price: $2,100,000 List Date: 10/12/2016 Last Modified: 6/27/2026

Overview

Description

Own and live your dream! Tiara By The Sea is a successful oceanfront motel. There is a direct oceanfront living quarters for yourself or your property manager. Tiara is a 2 buildings complex with 16 individual rooms. 15 units are with kitchenettes and one is a hotel room. This turn key investment has been successfully family owned and operated for 27 years. Guests can fish, swim or just relax by the sparkling pool. Enhance your portfolio. Bed and Breakfast? Apartments? A big waterfront mansion with guest rooms?

Listing Details MLS# 766230

General Property Information

Number Of Units Total: 16
Building Area Total: 9344
Year Built: 1979
Lot Size Acres: 0.9
Property Use: C-MOTOR INN (3900)
Use Code: 39 / HOTELS, MOTELS
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
List Price/SqFt: 262.2
Sold Price/SqFt: 224.74

Property Features

Building Features: Laundry; Lounge; Office; Pool; Storage Construction Materials: Frame; Stucco Cooling: Central Air; Wall/Window Unit(s); Zoned Current Use: Commercial Flooring: Carpet; Tile Heating: Zoned Listing Terms: Cash; Conventional Location: Beach Area; County Possession: Close Of Escrow Roof: Composition Sale Includes: Building & Land; Business Only; Furniture, Fixtures and Equipment Security Features: Secured Lobby; Smoke Detector(s) Sewer: Septic Tank Showing Requirements: Appointment Only; Listing Agent Must Accompany Utilities: Cable Available Water Source: Well Waterfront Features: Ocean Front

Contract Information

Original List Price: 2450000
Listing Contract Date: 2016-10-11
Property Sub Type: Business

Location Tax and Legal

Street Number: 5815
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Own and live your dream! Tiara By The Sea is a successful oceanfront motel. There is a direct oceanfront living quarters for yourself or your property manager. Tiara is a 2 buildings complex with 16 individual rooms. 15 units are with kitchenettes and one is a hotel room. This turn key investment has been successfully family owned and operated for 27 years. Guests can fish, swim or just relax by the sparkling pool. Enhance your portfolio. Bed and Breakfast? Apartments? A big waterfront mansion with guest rooms?

Status Change Information

Major Change Timestamp: 2017-04-11T16:39:28Z
Major Change Type: Status Change
Status Change Timestamp: 2017-04-11
Purchase Contract Date: 2017-03-12
Close Date: 2017-04-10
Close Price: 2100000

More Information

Building Features

Clear Ceiling Height: 10203

Listing Office: Coldwell Banker Paradise

Last Updated: June - 27 - 2026

Information is deemed to be reliable, but is not guaranteed.