Multi-Family Development
For Sale
$1,950,000
Pending
1500 SE Cove Road, Stuart, FL 34997
Land with multi-family zoning and utilities in place.
Property Size957 SF
Lot Size2.00 Acres
Days on Market175
Property Features for 1500 SE Cove Road
General Information
Standard status
Pending
Size
957 SF
Lot size
2.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$464
Amenities
Central air
Other Roof
Phases3
Wall Window Units Cooling
Building Details
Year Built
1981
Listing Agency:
DALTON WADE INC
Listed By:
SHELLEY MARKO · License #B26010503
(772) 359-5302
Source:
Corcoran
Added: Apr 3
Changed: Sep 23
Last Checked: Sep 24 at 10:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
Investment Insights
Based on property information with market context.
This property, conveniently located, has been rezoned for multi-family use. A survey is available. There are currently three houses on the property, considered teardowns, making the site ready for new construction. Electric and public water are already connected. Access is available from Cove Road via Grace Lane, providing easy access. The current survey proposes a separate driveway for each of the four 1/2 acre lots. The owner has rezoned the property for multi-family use through Martin County, dividing the property into four half-acre parcels, each allowing two houses (one half the size of the primary), for a total of eight structures. Buyers and their brokers are advised to perform due diligence for their intended use of the property. The long side of the property, approximately 620 feet and parallel with Grace Lane, features a 6 ft white cement wall already in place. The bike score is 32, indicating it is somewhat bikeable, and the walk score is 14, indicating car-dependent.
Key Highlights
- Multi‑family rezoning complete, allowing for significant development potential (up to 8 structures).
- Survey in hand, with property already sectioned into 4 half‑acre parcels.
- Existing utilities (electric and public water) already connected on‑site.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land with multi-family zoning and utilities in place.
Where is this residential land & home lot located?
The property is located at 1500 SE Cove Road Stuart, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Multi‑family rezoning complete, allowing for significant development potential (up to 8 structures).; Survey in hand, with property already sectioned into 4 half‑acre parcels.; Existing utilities (electric and public water) already connected on‑site.
