Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    163 Ocean Estates Drive Hutchinson Island, FL 34949

    View on Map
    For Sale
    $339,000

    LAND - Hutchinson Island, FL

    Lot size:
    0.15 Acres
    Added:
    Jul 12, 2025
    Days on Market:
    265
    Last Refresh:
    Apr 2 at 7:06 pm

    Property Features for 163 Ocean Estates Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    ,
    Standard status
    Active
    APN
    140350000330005
    Lot size
    0.15 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    AVALON BEACH PUD (PB 55-19) BLK 2 LOT 17
    TaxAnnualAmount
    5297

    Utilities

    Water source
    Public
    Water front features
    Beach Access, Pond, Lake
    Water front
    1

    We can help!

    Listing Contact
    Debbie Fitzgerald

    Listing agent Debbie Fitzgerald License #3221018

    Listing office RE/MAX Select Group 3975 20th St Ste E, Vero Beach, FL

    Listing date Jul 12, 2025

    MLS# 289567 Listing URL

    Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hutchinson Island Land For Sale

    This 0.15-acre land is located in Avalon Beach on Hutchinson Island, Florida. The property is situated on A1A and includes private beach access. The adjacent lot is also available. The location provides convenient access to restaurants and shops, with a short drive to both downtown Fort Pierce and Vero Beach. This property is intended for building a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Travel Agency Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson Island
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3237174
    Latitude
    27.5507599

    Nearby Similar for Sale

    • $1,075,000
      2,958 SF

      Hutchinson Island Triplex Near Beach

      Triplex near the beach with rental income potential.
      1002 Shorewinds Drive, Hutchinson Island, FL 34949
      View Details
    • $4,900,000

      Oceanfront Land on Hutchinson Island

      2+ acre oceanfront lot with 200 feet of frontage.
      155 NE MacArthur Boulevard, Hutchinson Island, FL 34996
      View Details
    • $1,900,000

      Oceanfront Lot on Hutchinson Island

      Permitted oceanfront lot with utilities in place for luxury residences.
      S Ocean Drive lot: 6, Hutchinson Island, FL 34949
      View Details
    • $1,500,000

      Oceanfront Lot on Hutchinson Island

      Permitted oceanfront lot with utilities in place for luxury residences.
      S Ocean Drive lot: 7, Hutchinson Island, FL 34949
      View Details
    • $199,000
      10,062 SF

      Riverfront Land on Hutchinson Island

      Premier homesite with water views and resort-style amenities.
      1932 Lynx Drive, Hutchinson Island, FL 34949
      View Details
    • $190,000

      Hutchinson Island Land Opportunity

      Land for sale in amenity-rich, gated waterfront community.
      5306 Keel Way, Hutchinson Island, FL 34949
      View Details
    • $649,000

      Hutchinson Island Vacant Lot

      Rare vacant lot near beach on Hutchinson Island.
      0 North Ocean Drive, Hutchinson Island, FL 34949
      View Details
    • $329,000

      Hutchinson Island Land For Sale

      Residential land on Hutchinson Island with private beach access.
      167 Ocean Estates Drive, Hutchinson Island, FL 34949
      View Details
    • $50,000,000

      Hutchinson Island Land For Sale

      Hutchinson Island land available for sale.
      2600 N Highway A1a, Hutchinson Island, FL 34949
      View Details
    • $5,800,000

      Hutchinson Island Oceanfront Development Opportunity

      1.4 acre oceanfront lot zoned for residential development.
      4002 N Hwy A1A, N. Hutchinson Island, FL 34949
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Hutchinson Island with private beach access.
    Where is this land located?
    The property is located at 163 Ocean Estates Drive Hutchinson Island, FL.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Private beach access for enjoying the ocean.; Located on A1A in Hutchinson Island, FL.; Opportunity to build a dream home.
    (772) 812-3300
    We can help!
    Listing Contact
    Debbie Fitzgerald
    Real Estate License ID: 3221018
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!