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    401 S Indian River Dr Fort Pierce, FL 34950

    For Sale
    $5,000,000

    Single Family Detached, Multi-Family High De - Fort Pierce, FL

    Type:Single Family Residence
    Lot size:
    1.90 Acres
    Days on Market:
    279
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 401 S Indian River Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    PUD
    APN
    241080800170007
    Exterior features
    Cleared
    Lot size
    1.90 Acres

    Utilities

    Water front features
    Waterfront, 270' Feet Of Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Compass Florida, LLC (561) 286-5166 [email protected]

    Listing agent Grant Garvey (561) 285-4794

    Listing date Mar 10, 2025

    MLS# RX-11062467 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Mixed-Use Development Opportunity

    An extraordinary opportunity awaits developers to acquire a shovel-ready, fully entitled, luxury mixed-use project in the heart of downtown Fort Pierce, Florida. This premier location offers unparalleled potential to create an iconic waterfront community. The first phase consists of 12 villa units directly on the river, with floor heights starting at 12' above sea level, providing panoramic views of the Indian River. Designed for coastal and urban living, the split floor plan blends sophistication and comfort. The property, zoned PUD, includes 1.9 acres in St. Lucie County. Each unit has two entitled parking spaces, with an opportunity to reserve a private boat slip, and access to a sprawling design pool.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.321882
    Latitude
    27.444012

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    FAQs

    What type of property is this?
    Mixed-use property - Shovel-ready, fully entitled luxury mixed-use project in downtown Fort Pierce.
    Where is this mixed-use property located?
    The property is located at 401 S Indian River Dr Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Shovel-ready, fully entitled luxury mixed-use project in downtown.; - Premier waterfront location with potential for an iconic community.; - First phase: 12 villa units directly on the river.
    (561) 285-4794
    Request Owner's contact information
    401 S Indian River Dr Fort Pierce, FL 34950
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    Fort Pierce, FL 34950
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    Realmo Value Estimation

    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.

    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.

    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
    401 S Indian River Dr Fort Pierce, FL 34950
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