0 SE Morningside DR, FL
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0 SE Morningside DR, FL
0 SE Morningside DR, FL
0 SE Morningside DR, FL
0 SE Morningside DR, FL
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Daniel Brown

Daniel Brown

+1(772) 290-1756
$ 2,595,000
Est. payment /mo
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0 SE Morningside DR FL

23,260 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,260 sqft

Price per Sqft $111

MLS Listing ID B26023390

Construction Status To Be Built

HOA Y/N No

Year Built 2026

Annual Tax Amount $8,664

Tax Year 2025

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Multi Family

Property Description

Coconut Cay 20 unit site is centrally located in South Stuart just west of Mariner Sands Country Club off US1. This site is 2 acres and is ready to be developed. All infrastructure is installed including 1 completed unit and management office/ GYM. Coconut Cay has flexibility with use and exit strategy; moreover, creating HOA docs would give the opportunity of selling the units off individually. The Northwestern portion of the property is the green area/ water retention area known as the preserve area. The entrance to the property is on Morningside Drive. Landmark Investments is pleased to present Coconut Cay, a premier 20-unit development opportunity ideally located in South Stuart, just west of Mariner Sands Country Club and moments from US-1. Spanning approximately 2 acres, the site is fully prepped for development with all major infrastructure already in place. The property includes one completed unit along with a finished management office and fitness center, providing an immediate operational foundation. Coconut Cay offers exceptional flexibility in both use and exit strategy. Investors have the option to maximize value through a condominium conversion, as the creation of HOA documents would allow for individual unit sales. Alternatively, the asset can be held as a high-demand rental community in a strong and growing market. The northwestern portion of the property features a designated green space and water retention area, enhancing the overall setting and long-term appeal. The community entrance is conveniently located on Morningside Drive, providing easy access and strong connectivity to the surrounding area. Coconut Cay represents a rare opportunity to acquire a shovel-ready multifamily project with built-in upside, strategic optionality, and a prime South Florida location.

Location

State FL

County Martin

Community Laundry Facilities

Area 6140 - Hobe Sound/Stuart - South Of Cove Rd

Zoning Multi Family

Interior

Interior Features InteriorFeatures

Heating Central, Heat Pump

Cooling Central Air, Ceiling Fan(s), Ductless, Heat Pump

Flooring Laminate, Wood

Equipment Call Listing Agent, Irrigation Equipment

Fireplace No

Exterior

Parking Features Assigned, Covered

Community Features Laundry Facilities

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Water Access Desc Public

Roof Type Metal

Street Surface Concrete

Road Frontage County Road, City Street

Total Parking Spaces 40

Building

Lot Description 2-3 Acres, Landscaped, Other, Rural Lot, Sprinkler System

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status To Be Built

Others

Tax ID 363841003000001100

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/0-SE-Morningside-Drive-FL/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Melvin V. Robinson Landmark Investments & Real Estate

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Daniel Brown
Daniel Brown

Agent | License ID: 3563642

+1(772) 290-1756

Indianriverealtor.com

1926 14th Ave, Vero Beach, FL, 32960-3507, USA

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0 SE Morningside DR