0 SE Morningside Drive, FL

Listing Snapshot

About This Home

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.

General Features

Property Type

CommercialSale

Sub-type

MultiFamily

Stories

2

Parking Spaces

40

Parking

Assigned,Covered

Foundation

Slab

Zoning

Multi Family

Security

CarbonMonoxideDetectors

Utilities

CableAvailable,ElectricityAvailable,PhoneAvailable,SewerAvailable,UndergroundUtilities,WaterAvailable

Interior Features

Flooring

Laminate,Wood

Heating

Central,HeatPump

Cooling

CentralAir,CeilingFans,Ductless,HeatPump

Exterior Features

Construction

Block

Roof

Metal

Lot Features

TwoToThreeAcres,Landscaped,Other,RuralLot,SprinklerSystem

Community Features

Community Features

LaundryFacilities

MLS Area

6140 - Hobe Sound/Stuart - South of Cove Rd

Map

Virtual Tour