Multifamily Properties for Sale Stuart FL 20 units

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.

• Folio # 36-38-41-003-000-00110-0
• 20 unit approved buildable site
• Total SF 1,163
• Large 2 car garage
• Year built 2025/ 2026 new construction
• 20 CBS two story houses.
• 2 Acres
• Zoning multi-family
• City water and sewer “If HOA, individual water meters could be installed for pass-through expense”
• Central AC mini split units which will reduce maintenance costs
• All infrastructure is in place including but not limited to: entry road, underground plumbing, underground electrical, lift station, subsurface drainage system, water retention area, all foundations, management office or gym, ETC.
• All units have a private patio off the living area.
• All units have a laundry hookup in the two car garages
• Minutes to Beaches, I95 & Turnpike

“Multifamily Properties for Sale Stuart FL 20 units”

Property Documents: