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… Read More 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. Read Less
Courtesy of Melvin V. Robinson, Landmark Investments & Real Estate 561-762-3258
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Square Ft.
23,260
Lot Size
2 Acres
Year Built
2026
MLS Number
B26023390
Additional Details
Property Access
Road frontage type: "City Street", "County Road"
Appliances & Equipment
Other equipment: "Call Listing Agent", "Irrigation Equipment"
Building
Built in 2026, Building features: "Free Standing", "Laundry Facilities", Construction materials: "CBS", Toal building area: 23260, 20 total units
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