Lt. Jon Evans with Myrtle Beach Fire Rescue said Myrtle Beach police plan to leave it for now.
The officer at the scene took possession of the package which a Melbourne police spokesperson described as "wrapped in a way that was consistent with narcotics".
On the outside of the package the letters "D-I-A-M-A-N-T" can be seen written on the front in bold - believed to read "diamantes" in full, which is Spanish for diamonds.
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Further tests confirmed the substance inside the tightly wrapped parcel was cocaine.
According to estimations made by authorities, one kilo of cocaine is worth between $20,000 and $30,000, meaning Tuesday's beachfront haul could be worth in excess of $400,000.
The collective street value of the 16 bricks found on Paradise and Cocoa Beaches is thought to be around $400,000.
Police say more suspicious packages might come onshore following the bad weather and are asking beachgoers not to touch them to avoid overdose.
The skies in Florida turned several shades of purple Wednesday night after Hurricane Dorian moved up the state's coast. "Especially now with these conditions", Hernandez told the newspaper. "It could be coming from anywhere".
But two high tides have come and gone in Charleston, South Carolina, and Dorian is expected to weaken slowly over the next few days.