0 Coconut Cay Ave - Cottages At Coconut Cay 20 Units 1.99 Acres of Residential Land Offered at $2,595,500 in Stuart, FL 34997

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, 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.