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Sylvio Martini

martini@miamirealtysolution.com +1(305) 876-4420

$ 2,595,000

Est. payment -/mo

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Active

0 SE Morningside DR Stuart, FL 34997

23,260 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,260 sqft

Price per Sqft $111

MLS Listing ID B26023390

HOA Y/N No

Year Built 2026

Annual Tax Amount $8,664

Tax Year 2025

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Martin

Area 6140

Direction US 1, West on Morningside Dr and site is on the North side of the road

Interior

Heating Central, Heat Pump

Cooling Central Air, Ceiling Fan(s)

Flooring Hardwood, Wood

Exterior

Community Features Laundry Facilities

Utilities Available Cable Available, Electricity Available, Phone Available, Water Available, Sewer Available, Underground Utilities

Roof Type Metal

Total Parking Spaces 40

Private Pool Yes

Building

Lot Description 2-3 Acres, Sprinkler System

Story 2

Foundation Slab

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories Two

Structure Type Block

Others

Senior Community No

Tax ID 363841003000001100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/0-SE-Morningside-Drive-FL/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Landmark Investments & Real Estate

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Sylvio Martini

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+1(305) 876-4420 | martini@miamirealtysolution.com

Sylvio Martini

0 SE Morningside DR Stuart, FL 34997

Key Details

Location

Interior

Exterior

Building

Others

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0 SE Morningside DR