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3455 Highway A1A Melbourne Beach, Florida 32951


Sandy Shoes is a casual boutique Beachfront Motel. This family oriented oceanfront Motel has been voted Brevard’s #1 beach Motel for 5 years in a row by Space Coast Tourism. It has been totally remodeled and has 16 unique suites all with fully-equipped kitchens.

Along the Atlantic Coast of Florida, you’ll find miles and miles of pristine beaches and some of the best surf fishing around.


Sandy Shoes offers the biggest pool in the area with a spacious deck that leads down to the beach.


There are 16 fully-equipped studio suites offering full or partial ocean views.


From May through October, after sunset, magical moments occur along our beautiful coastline. Famous for turtles nesting, at night, Melbourne Beach becomes North America’s #1 sea turtle nesting grounds. Loggerhead, Green and Leatherback sea turtles slowly journey up to the dunes laying their eggs. You have a front row seat to this marvelous site. Melbourne Beach is not overcrowded and you could walk for miles and not see a soul.

This is a naturalist’s dream with great fishing at your feet. Sandy Shoes is centrally located, just a short distance to Publix, dining, shopping, and two public golf courses. 12 miles south is Sebastian Inlet, known for great fishing and surfing. Just an hour’s drive to Orlando and attractions, close to Melbourne International Airport and a 45 minute drive to Pt. Canaveral cruise terminal.


796953 Active Commercial - Sale

3455 S Hwy A1a, Melbourne Beach, FL 32951 Area: 385 - South Beaches General County South Loc: Acres: 0.88 Total Building Area: 9,610 Total Units: 16 # Bathrooms: 18 # of Stories: 2 Waterfront: Yes Year Built: 1958

Use Code: Site Code: Current Zoning: Lender Owned: Tax Acct: Tax ID: Real Estate Taxes: Tax Year: Condo: R.E. Taxes:

$2,567,000 04 / CONDOMINIUM R-CONDOMINIUM UNIT (0414) Commercial No 2862142 28-38-28-04-00000.0-000a.Xa 22,983.5 2016 Yes 22,983

Legal Desc: SANDY SHOES OF MELBOURNE BEACH CONDOMINIUM SANDY SHOES OF MELBOURNE BEACH CONDO CONDO COMMON AREA AS DESC IN ORB 5347 PG Narrative: Unique Opportunity for someone that would like to own a boutique condo/motel in desirable Melbourne Beach. This is a 16 unique different suites with 146 f of ocean frontage. All apartments are furnished with fully-equipped kitchens. Large Beachfront Pool, on-site management. Preservation land to the south. Just an hour from Orlando and Attractions, close to Pt. Canaveral, Sebastian Inlet, two golf courses. Sandy Shoes is centrally located in Melbourne Beach, just a short distance to Publix, dining and shopping. The possibilities are endless. Expenses: Insurance: 24,135; R.E. Taxes: 22,983; Supplies: 19,869; Utilities: 32,568; Maint Proforma: Gross Oper Income: 453,917; Other Income: 5,454; Total & Repair: 25,670 Expenses: 226,958 Utilities: 110 Volts; 220 Volts; Public Sewer; Public Water Type A: Furnished; Unit Description: One Bedroom; Size: 596 SQ FT; # Units (This Type): 8 Type B: Furnished; Unit Description: Motel Room; Size: 377; # Units (This Type): 4 Type C: Furnished; Unit Description: 2 bedroom; Size: 842 SQ FT; # Units (This Type): 2; Full Baths: 2 Type D: Furnished; Unit Description: One Bedroom; Size: 577 Sq FT; # Units (This Type): 2; Full Baths: 1 FEATURES Current Lease: None Sale Includes: Building & Land; Business; Fixtures; Furniture Available Info: Survey Tenant Pays: None Construction: Block; CBS; Concrete Building Info: Laundry; Manager on Premise; Pool; Separate Office Area; Storage Cooling: Central Individual; Electric Heating: Central Individual; Electric Lender Owned: No

Ceiling Type: Drywall Expenses: Insurance: 24,135; R.E. Taxes: 22,983; Supplies: 19,869; Utilities: 32,568; Maint & Repair: 25,670 Flooring: Tile Fire Protection: Smoke Alarm Location: Beach Area; Golf Course Possession: At Closing Roof: Tar/Gravel Security: Entry Card Special Info: Corporate Owned

Presented by Amy Smith Treasure Coast Sotheby's Int'l 772-492-1002 asmith@tcsir.com http://treasurecoastsir.com

Information is deemed to be reliable, but is not guaranteed. © 2017 MLS and FBS. Prepared by Amy Smith on Tuesday, November 07, 2017 11:08 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.


ANNUAL GROSS POTENTIAL RENT

ORDINARY INCOME & FIXED EXPENSES

Property Information

Property Information

Unit #

Sq. Ft.

Unit Type

High Season Jan 1- Apr 15

Summer Rates Apr 15 - Sep 15

Off Season Sep 15 - Dec 31

Unit #

Sq. Ft.

Unit Type

Actual Rents 7 Months

1

596

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$119

1

596

1BD/ Living Room/ Kitchen/Bath

$18,248

2

596

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$119

2

596

1BD/ Living Room/ Kitchen/Bath

$19,821

3

596

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$119

3

596

1BD/ Living Room/ Kitchen/Bath

$14,515

4

596

Oceanfront: 1BD/Kitchen/Bath

$190

$177

$132

4

596

Oceanfront: 1 Bedroom/Kitchen/Bath

$18,358

5

596

Oceanfront: 1BD/Kitchen/Bath

$190

$177

$132

5

596

Oceanfront: 1 Bedroom/Kitchen/Bath

$25,960

6

596

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$132

6

596

1 Bedroom/ Living Room/ Kitchen/Bath

$17,772

7

596

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$132

7

596

1 Bedroom/ Living Room/ Kitchen/Bath

$20,603

8

506

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$132

8

506

1 Bedroom/ Living Room/ Kitchen/Bath

$19,796

9

377

Studio/Kitchenette/Bath

$158

$147

$99

9

377

Studio: Kitchenette/Bath

$12,140

10

377

Studio/Kitchenette/Bath

$158

$147

$99

10

377

Studio: Kitchenette/Bath

$15,932

11

386

Oceanfront; Studio/Kitchenette/Bath

$174

$174

$129

11

386

Oceanfront: Studio/Kitchenette/Bath

$21,926

12

816

2BD/2BA/Kitchen/Walk-in Closet

$211

$201

$149

12

816

2 Bedroom/2 Bath/Kitchen/Walk-in Closet

$21,568

13

577

1BD/ Living Rm/ Kitchen/Bath

$156

$201

$119

13

577

1 Bedroom/ Living Room/ Kitchen/Bath

$20,214

14

314

1BD/ Living Rm/ Kitchen/Bath

$168

$156

$119

14

314

1 Bedroom/ Living Room/ Kitchen/Bath

$13,006

15

586

Oceanfront: 1BD/Living Rm/Kitchen

$190

$177

$132

15

586

Oceanfront: 1 Bedroom/Living Room/Kitchen

$19,124

16

800

2BD/1BA/Kitchen/Walk-in Closet

$211

$201

$149

16

800

2 Bedroom/1 Bath/Kitchen/Walk-in Closet

$19,289

High Season Totals Per Day Jan 1- Apr 15

Summer Rates Totals Per Day Apr 15 - Sep 15

Off Season Totals Per Day Sep 15 - Dec 31

$2,814

$2,694

$1,881

105 Days

150 Days

105 Days

$295,470

$404,100

$197,400

Operating Information Gross Rents 100% Occupancy

$896,970

Less 5% Vacancy

$44,848

Sub Total

$852,122

Less 12% Sales Tax

$102,254

Total

$749,868

Less Expenses

$219,113

Net Operations Income

$530,755

Operating Information

2018

Pro-forma

Annual Apartment Income $896,970

Annual Gross Potential Rent - Apartments

$44,848

Less: Vacancy/Deductions (5%) Effective Gross Income - Apartments

$458,220 $852,122

Less Sales Tax Less Tourist Tax Rental Income Total Income

-$18,169 -$12,818 $267,295 $267,295

Total Rental Income 7 Months

$267,295

Monthly Income Average

$38,185

Annual Gross Rent

Annual/Rental Income

$458,220

Effective Gross Income - Vacation Rental

Total Expenses Average

$127,816

Monthly Expenses Average

$182,259

Rental Income $458,220 $852,122

Combined Income/Expenses Combined Effective Gross Income $458,220 Less Expenses Net Operating Income

Annual Expenses

$182,594

Annual Rental Income

$458,220

$182,294 $321,367

Less Expenses

$182,294

$275,926 $530,755

Total Average Net Income

$275,926


For additional information, please contact:

Henry Saunders Broker Associate 321.626.2432 hsaunders@tcsir.com

Claudine Sloms REALTOR® 321.446.9222 csloms@tcsir.com

®, ™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.

Sandy Shoes Resort | Melbourne Beach, FL  
Sandy Shoes Resort | Melbourne Beach, FL