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.
Sold for $4,000,000
$4,000,000
5925 S Highway A1a #A, Melbourne Beach, FL 32951
8beds
6,857sqft
Multi Family
Built in 1958
-- sqft lot
$3,973,700 Zestimate®
$583/sqft
$2,060 Estimated rent
Home value
$3,973,700
$3.66M - $4.29M
$2,060/mo
Zestimate® history
Owner options
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$2,060/mo
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$2,060/mo
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$26,339/mo
Est. payment
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$26,339/mo
Est. payment
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List your homeWhat's special
Direct beach accessDirect oceanfront commercial propertySweeping ocean views
Zillow last checked:
Listing updated:
Listed by:
Michael John DeAngelo 321-313-0249,
Salt Water Realty of Brevard,
Kenneth P DeAngelo 973-979-7979,
Salt Water Realty of Brevard
Bought with:
Patricia J Halpin, 705014
Salt Water Realty of Brevard
Source: Space Coast AOR,MLS#: 1010359
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric, Varies by Unit, Other
Cooling
- Central Air, Electric, Wall/Window Unit(s)
Appliances
- Included: Dryer, Electric Oven, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Softener Owned
- Laundry: Common Area
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 6,857 sqft
Property
Parking
- Total spaces: 38
- Parking features: Additional Parking, Garage, RV Access/Parking, Shared Driveway
- Garage spaces: 2
Features
- Has view: Yes
- View description: Beach, Water
- Has water view: Yes
- Water view: Beach,Water
Lot
- Size: 1.53 Acres
Details
- Additional parcels included: 2954024
- Parcel number: 293814Gz00004.00015.00
- Zoning description: Commercial/Residential/Office
- Special conditions: Owner Licensed RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete
- Roof: Metal,Other
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well, Well
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Melbourne Shores 1st Addn
HOA
- Has HOA: No
- Amenities included: Management - Off Site, Management - On Site
Location
- Region: Melbourne Beach
Financial & listing details
- Price per square foot: $583/sqft
- Annual tax amount: $17,499
- Date on market: 12/16/2025
- Listing terms: Cash,Conventional
- Income includes: Rent Only
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $4,000,000-10%$583/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 3/4/2026 | Pending sale | $4,444,000$648/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 2/10/2026 | Price change | $4,444,000-1.2%$648/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 12/16/2025 | Listed for sale | $4,500,000$656/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 12/5/2025 | Listing removed | $4,500,000$656/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 10/31/2025 | Price change | $4,500,000-5.3%$656/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 8/3/2025 | Price change | $4,750,000+0.5%$693/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 7/11/2025 | Price change | $4,725,000-0.5%$689/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 4/15/2025 | Price change | $4,750,000-9.5%$693/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 2/2/2025 | Listed for sale | $5,250,000$766/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 12/31/2024 | Listing removed | $5,250,000$766/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 12/12/2024 | Price change | $5,250,000+1%$766/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 12/5/2024 | Price change | $5,200,000-1.9%$758/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 11/9/2024 | Price change | $5,300,000-2.8%$773/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 9/17/2024 | Price change | $5,450,000-3.5%$795/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 6/17/2024 | Price change | $5,649,000-2.6%$824/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
| 4/9/2024 | Listed for sale | $5,799,000$846/sqft |
Source: Space Coast AOR #1010359 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32951
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Nearby schools
GreatSchools rating
- 10/10Gemini Elementary SchoolGrades: PK-6Distance: 7 mi
- 7/10Herbert C. Hoover Middle SchoolGrades: 7-8Distance: 10.5 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 11.3 mi
Schools provided by the listing agent
- Elementary: Gemini
- Middle: Hoover
- High: Melbourne
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,973,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,973,700
- Florida
- Brevard County
- Melbourne Beach
- 32951
- 5925 S Highway A1a Unit A
Nearby cities
Nearby zip codes
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