0 Morningside ,Multi Family for Sale & Rent

0 Morningside for Sale & Rent

Price $2,595,000.00

• Lot size 23260
• Year Build 2026
• Waterfront
• Zip 34997
• Style
• Parking Description Assigned, Awning, Covered
• Pool Yes
• Status Active

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.

STUART GARDENS, PART OF TRACT 11 DESC AS: BEG SW COR LOT 11, N 86.96', E 238.1', N 30DEG E 195.03', S 62DEG E TO W R/W OF SE MORNINGSIDE DR,

County Location, Near Airport, Other Location, 2 To Less Than 3 Acre Lot, Above Ground Irrigation, Sprinklers

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.

Roof:1:Metal Roof,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:Multi Family,Cooling:1:Central Air,Country:United States,Heating:1:Heat Pump/Reverse Cycle,List A O R:BeachesMLS,Stories:2,Tax Year:2025,Latitude:18.688930912789,Cooling Y N:1,Heating Y N:1,List Price:2595000,Listing Id:B26023390,Longitude:-55.26386844532,Mls Status:Active,Utilities:1:Electricity Connected,2:Phone Connected,3:Sewer Connected,4:Underground Utilities,5:Water Connected,6:Cable Available,7:Electricity Available,8:Phone Available,9:Sewer Available,10:Water Available,Year Built:2026,Directions:US 1, West on Morningside Dr and site is on the North side of the road,Inclusions:Building Only, Business And Building,Postal Code:34997,Street Name:Morningside,Coordinates:1:18.688930912789,Lot Features:1:Near Airport,2:Other Location,3:2 To Less Than 3 Acre Lot,4:Above Ground Irrigation,5:Sprinklers,Photos Count:14,Days On Market:36,Listing Terms:1:Conventional,Lot Size Acres:2,Lot Size Units:Square Feet,M I A M I R E_ Area:6140,On Market Date:2026-05-02,Parcel Number:363841003000001100,Parking Total:40,Property Type:Commercial Sale,Stories Total:2,Street Number:0,Street Suffix:Drive,Public Remarks: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.,County Or Parish:Martin County,Documents Count:3,Expiration Date:2027-03-31,List Office Name:Landmark Investments & Real Estate,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Awning,2:Covered,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:SE,Tax Annual Amount:8664,Unparsed Address:0 SE Morningside Drive, FL 34997,Building Features:1:Airport Access,2:Landscaped,3:Laundry Facilities,4:Lawn Sprinklers,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:County Road,2:City,3:County,Building Area Total:23260,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Num Floors:2,Number Of Buildings:21,Original List Price:2595000,Building Area Source:Building Plan/Survey,Documents Available:1:Personal Property Inventory,2:Site Plans,I D X Participation Y N:1,Number Of Units Total:20,Syndication Remarks: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.,Listing Contract Date:2026-05-02,Originating System I D:miamire,Showing Instructions:Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,Tax Legal Description:STUART GARDENS, PART OF TRACT 11 DESC AS: BEG SW COR LOT 11, N 86.96', E 238.1', N 30DEG E 195.03', S 62DEG E TO W R/W OF SE MORNINGSIDE DR,Electric On Property Y N:1,M I A M I R E_ Current Price:2595000,Construction Materials:1:Slab Construction,M I A M I R E_ Year Installed:2026,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Building Number:COCONU,M I A M I R E_ Parcel Number M L X:3638,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-05-02,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:20,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Acreage Description:2+ To 3 Acres,M I A M I R E_ Building Name Number:COCONUT CAY 20 UNIT MULTI FAMI,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:40,M I A M I R E_ Agent Alternate Phone:772-708-1518,M I A M I R E_ Approx Sqft Total Area:87120,M I A M I R E_ Property Description:20 UNITS MULTI FAMILY,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,