BreakThru Realty

0 SE Morningside Drive, FL

$1,950,000 · $84 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $1,950,000
  • Price per sq ft: $84
  • Building size: 23,260 sq ft
  • Lot size: 2 acres
  • Zoning: Multi Family
  • Year built: 2026
  • Units: 20
  • Stories: 2
  • Tenant pays: Cable TV, Insurance, Inside Insurance
  • Buildings: 21
  • Parking spaces: 40
  • Parcel ID: 363841003000001100
  • MLS#: B26023390
Main Site Photo at 0 SE Morningside Drive, Building Photo at 0 SE Morningside Drive, Building Photo at 0 SE Morningside Drive, Building Photo at 0 SE Morningside Drive, Office Photo at 0 SE Morningside Drive, Office Photo at 0 SE Morningside Drive, Living room kitchen 2 at 0 SE Morningside Drive, Living room 1 at 0 SE Morningside Drive,

About this property

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.

Building Features and Utilities

  • Cable Available
  • Electricity Available
  • Phone Available
  • Sewer Available
  • Underground Utilities
  • Water Available
  • CBS

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom201 / 1—$156/mo—

20 units. Reported rent $37,440 a year ($3,120 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes$8,664/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 0 SE Morningside Drive

  • Included: Building, Fixtures, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Landmark Investments & Real Estate · luizmachado2@gmail.com · Listing agent: Melvin V. Robinson

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 0 SE Morningside Drive or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 0 SE Morningside Drive

How much is 0 SE Morningside Drive?
0 SE Morningside Drive is listed at $1,950,000, about $84 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 0 SE Morningside Drive zoned?
The listing reports zoning of Multi Family. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 0 SE Morningside Drive?
The listing reports 23,260 square feet of building.
When was 0 SE Morningside Drive built?
0 SE Morningside Drive was built in 2026. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 0 SE Morningside Drive?
The listing reports annual property taxes of $8,664 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 0 SE Morningside Drive?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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