3250 N Atlantic Ave - Diamond Bay Reserve 3.2 Acres of Commercial Land Offered at $2,950,000 in Cocoa Beach, FL 32931

Banana Riverfront Development Opportunity with Approved Plans and Engineering. 20 unit Condo, 10 Townhomes, 1 Retail/Restaurant Site. A rare stretch of Banana River frontage opens the door to a bold coastal vision—3.2 acres of fully entitled waterfront property designed for an elevated blend of luxury living, recreation, and vibrant Cocoa Beach lifestyle. Approved plans call for a thoughtfully curated community featuring a 20-unit luxury condominium building, 10 upscale townhomes, and a ±4,650 sq. ft. restaurant site positioned along A1A to capture strong drive-by visibility and the steady rhythm of beachside traffic. With direct Banana River frontage and sweeping western views, every evening promises the kind of sunset spectacle that has made this stretch of the Space Coast so iconic. Waterfront Living, Reimagined Plans for the residential component embrace the effortless rhythm of riverfront living. A 20-unit luxury condominium building and a collection of 10 townhomes are designed to maximize the panoramic Banana River views, allowing residents to experience golden sunsets, cooling coastal breezes, and the quiet beauty of open water just beyond their doorstep. Dock access along the river invites boating, paddleboarding, kayaking, and spontaneous sunset cruises, creating a daily connection to the water that defines life along the Space Coast. Amenities That Shape a Coastal Lifestyle Beyond the residences, the approved plans introduce a suite of amenities designed to enhance both relaxation and recreation. A resort-style community pool creates a gathering place where residents can unwind beneath the Florida sun, while a dedicated fitness center offers a convenient space to stay active without leaving the property. Expansive water views serve as a constant backdrop, giving the entire community the feel of a private waterfront retreat. A Destination Along A1A The east side of the property offers a rare commercial opportunity along A1A with a ±4,650 sq. ft. restaurant site positioned for exceptional visibility and steady coastal traffic. Perfectly suited for a waterfront dining concept, the location invites the energy of Cocoa Beach’s thriving entertainment scene—where locals and visitors alike gather for sunset cocktails, fresh seafood, and evenings that stretch from casual beachside lunches to lively nights along the barrier island. Moments from the Best of Cocoa Beach Life here unfolds at the center of one of Florida’s most beloved coastal playgrounds. Just minutes away, the Cocoa Beach Pier buzzes with live music, oceanfront dining, and legendary surf culture. Boutique shops, vibrant beach bars, waterfront restaurants, and local festivals create an atmosphere that blends laid-back coastal charm with year-round activity. Boating on the Banana River, watching rocket launches from the shoreline, biking along A1A, or catching a sunset at a rooftop bar become part of the everyday rhythm.