0 SE Morningside Drive, FL 34997

Description of 0 SE Morningside Drive, FL 34997

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.

Property Details for 0 SE Morningside Drive, FL 34997

Flooring

Wood

Heating

Central, Heat Pump/Reverse Cycle

Cooling

Ceiling Fan(s), Central Air

Parking Features

Assigned, Awning, Covered

Pool Private

No

Building Information for 0 SE Morningside Drive, FL 34997

Building Area Total

23260

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 0 SE Morningside Drive, FL 34997

Lot Features

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

Lot Size Square Feet

87,120

Waterfront

No

View

No

Construction Materials

CBS Construction, Slab Construction

Roof

Metal, Metal Roof

Sewer

At Site, Public Sewer, Other, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 0 SE Morningside Drive, FL 34997

Parcel Number

363841003000001100

Tax Annual Amount

$8,664

Tax Year

2,025

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,

Zoning

Multi Family

County Or Parish

Martin County