327 Wilson AVE Active Save Request In-Person Tour Request Virtual Tour
Cocoa Beach,FL 32931
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Avon By The Sea
MLS Listing ID 1038857
HOA Fees $500/mo
HOA Y/N Yes
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
Lot Dimensions 200 x 136
Property Sub-Type Unimproved Land
Property Description
Exceptional Investment Opportunity: Oceanfront Luxury Condominium Development
Presenting a rare and exceptional investment opportunity with a fully entitled 0.56-acre parcel, approved for the development of 14 luxury condominium units in one of Cocoa Beach's most sought-after locations. This shovel-ready site includes state-approved HOA documents and an approved site plan, offering a streamlined path to construction.
Positioned just blocks north of the world-renowned Cocoa Beach Pier, this prime oceanfront property boasts 200 feet of prime frontage and over 140 feet in depth, providing outstanding potential for a high-density, upscale residential project. Future residents will enjoy direct access to the pristine sands of Cocoa Beach and the Atlantic Ocean, all while being steps away from the area's vibrant attractions, fine dining, and abundant water sports activities. Residences will range from 1,450 to 3,125 square feet, featuring four distinct floor plans, including 2-bedroom, 2-bath units, 3-bedroom, 2-bath units, and two penthouses.
Each home will boast floor-to-ceiling hurricane-rated glass, state-of-the-art technology, and covered parking. These luxurious residences will cater to the most discerning buyers seeking breathtaking ocean views and unmatched elegance.
From their private balconies, future residents will view breathtaking sunrises, Cape Canaveral's awe-inspiring rocket launches, and the passage of world-class cruise ships and yachts.
This project was designed by one of Cocoa Beach's most respected and accomplished developers, with a track record of delivering over 22 successful mid-rise coastal developments known for quality, durability, and timeless appeal.
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.
Don't miss this rare opportunity to develop in one of Florida's most desirable coastal communities.
Location
State FL
County Brevard
Area 272 - Cocoa Beach
Direction From Melbourne International Airport, head north on Airport Blvd, turn right onto Babcock St, then left onto Eau Gallie Blvd. Continue on down A1a until Wilson Ave. Development site will be on your right. Site is cleared.
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Beach,Ocean,Water
Present Use Multi-Family,Unimproved
Street Surface Asphalt
Road Frontage City Street,County Road
Garage No
Building
Lot Description Cleared,Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Cape View
High Schools Cocoa Beach
Others
HOA Name TORTOISE CAY Association
Senior Community No
Tax ID 24-37-26-Cg-00101.0-0002.00
Security Features 24 Hour Security
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1038857