$1,950,000
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| Event | Price | Date |
|---|---|---|
| Original list price | $2,595,000 | May 2, 2026 |
| Price change | $2,355,000 | Oct 10, 2026 |
| Current list price | $1,950,000 | Oct 10, 2026 |
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Multi Family, Commercial Sale
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.
This multi family home located at 0 SE Morningside Drive, FL 34997 is currently for sale and has been available on Brickellsold for 161 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 2026. 0 SE Morningside Drive, FL 34997 county Martin County.
