UPDATED:
02/27/2025 11:19 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 34,878 sqft
Price per Sqft $387
Subdivision Avon By The Sea
MLS Listing ID 1038375
HOA Fees $700/mo
HOA Y/N Yes
Total Fin. Sqft 34878
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Annual Tax Amount $12,902
Tax Year 2024
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Multi Family
Property Description
With spacious units ranging from 1,450 to 3,125 square feet, these condominiums are designed for the most discerning buyers. Featuring four exclusive floor plans, including two-bedroom, two-bath units, three-bedroom, two-bath units, and two deluxe penthouses, these residences offer expansive ocean views, perfect for watching Cape Canaveral rocket launches and enjoying the sights of luxurious cruise ships and yachts. Each luxury unit will come with hurricane-rated windows and doors, state-of-the-art technology, and covered parking. Situated just 300 steps from the Atlantic Ocean, the site offers a prime location only six blocks from the Cocoa Beach Pier, surrounded by a vibrant mix of restaurants, boutiques, and entertainment options. With such an enviable setting, these luxury residences are positioned to attract discerning client looking for the ultimate in coastal living.
The developer behind this project brings over 40 years of experience in luxury coastal developments and has already completed 22 mid-rise condominiums in Cocoa Beach. This track record speaks to their ability to successfully navigate the intricacies of high-end coastal development, ensuring that each project is executed to the highest standards.
The project consists of 14 modern, ocean-view condominiums, with unit sizes ranging from 1,450 to 3,125 square feet. The four distinct floor plans, including two-bedroom, three-bedroom, and penthouse units ranging from 2,800 to 3,200 square feet, are designed to capture breathtaking views of rocket launches, cruise ships, and sunrises, offering an unparalleled living experience.
Located in an RU-2-30 zoning district, which permits high-density multi-family residential development, the property also allows for daily rentals. The developer engaged a professional third-party firm to conduct a comprehensive rental income analysis, assessing the potential of operating the building as a full Airbnb resort. This zoning flexibility provides an opportunity for long-term income generation, adding value and enhancing the asset's potential.
Location
State FL
County Brevard
Area 272 - Cocoa Beach
Direction To get from Cocoa Beach Pier TO 327 Wilson Ave, head west on Cocoa Beach Causeway (SR 520 W) for 1.5 miles, then turn left onto A1A South. After 0.5 miles, turn right onto Wilson Ave and continue to 327 Wilson Ave on the right. The drive takes about 3 minutes.
Interior
Heating Central
Cooling Ceiling Fan(s)
Flooring Tile
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking, Assigned, Secured
Amenities Available Barbecue, Maintenance Structure, Management - Developer, Security
Roof Type Concrete,Composition
Present Use Commercial,Investment,Mixed Use
Road Frontage City Street, County Road
Garage No
Building
Lot Description Cleared
Sewer Private Sewer
Water Public
Others
Senior Community No
Tax ID 24-37-26-Cg-00101.0-0002.00
Virtual Tour https://www.propertypanorama.com/instaview/spc/1038375
