5925 S Hwy A1a A, Melbourne Beach, FL 32951

$4,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1010359

Property Type: Residential Income Bedrooms: 8 Baths: 8 Square Footage: 6,857 Lot Size (sq. ft.): 66,647 Status: Closed

Current Price: $4,000,000 List Date: 12/16/2025 Last Modified: 6/01/2026

Overview

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.

Listing Details MLS# 1010359

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
Parking Total: 38
Lot Size Acres: 1.53
Lot Size Square Feet: 66646.8
Association YN: No
Water Body Access YN: No
Furnished: Partially
Stories Total: 2
Direction Faces: East
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 648.1
Sold Price/SqFt: 583.35

Property Features

Appliances: Dryer; Electric Oven; Microwave; Refrigerator; Washer; Washer/Dryer Stacked; Water Softener Owned Association Amenities: Management - Off Site; Management - On Site Construction Materials: Block; Concrete Cooling: Central Air; Electric; Wall/Window Unit(s) Current Use: Commercial; Hotel/Motel; Office Flooring: Tile Heating: Electric; Varies by Unit; Other Income Includes: Rent Only Laundry Features: Common Area Listing Terms: Cash; Conventional Parking Features: Additional Parking; Garage; RV Access/Parking; Shared Driveway Possession: Close Of Escrow Road Frontage Type: Highway Road Surface Type: Asphalt; Paved Roof: Metal; Other Sewer: Septic Tank Special Listing Conditions: Owner Licensed RE Utilities: Cable Available View: Beach; Water Water Source: Shared Well; Well Showing Considerations: Occupied; Pet(s) on Premises Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Original List Price: 5799000
Listing Contract Date: 2024-01-04
Start Showing Date: 2024-01-21
Property Sub Type: Multi Family
Comp Sale YN: No

Location Tax and Legal

Street Number: 5925
Street Direction Prefix: S
Street Name: Hwy A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: Melbourne Shores 1st Addn

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-06-01T21:59:17Z
Major Change Type: Status Change
Price Change Timestamp: 2026-02-10T03:42:32Z
Status Change Timestamp: 2026-06-01
Purchase Contract Date: 2026-03-03
Close Date: 2026-06-01
Close Price: 4000000

More Information

DPR Eligible

DPR Eligible: No

Income and Expenses

Gross Scheduled Income: 216000

Unit 1 Details

Unit ID: Yes
Actual Rent: 1200
Unit SqFt: 240
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Next to Restaurant and Laundry.

Unit 2 Details

Unit ID: 2
Actual Rent: 1350
Unit SqFt: 322
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Next to Laundry

Unit 3 Details

Unit ID: 3
Actual Rent: 1700
Unit SqFt: 472
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Studio

Unit 4 Details

Unit ID: 4
Actual Rent: 1350
Unit SqFt: 321
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Efficiency

Unit 5 Details

Unit ID: 5
Actual Rent: 1300
Unit SqFt: 327
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Efficiency

Unit 6 Details

Unit ID: 6
Actual Rent: 1600
Unit SqFt: 444
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: Oceanfront Studio

Unit 7 Details

Unit ID: 7
Actual Rent: 1700
Unit SqFt: 645
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2

Unit 8 Details

Unit ID: 8
Actual Rent: 1650
Unit SqFt: 645
Full Baths Total: Yes
Furnished: Partially
Unit Remarks: 1 Bedroom 2nd Floor above office and garage Bldg.2

Listing Office: Salt Water Realty of Brevard

Last Updated: June - 01 - 2026

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