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For sale
Residential land & home lots
FL
Stuart
1500 SE Cove Road

Multi-Family Development Opportunity, Stuart, FL

1500 SE Cove Road, Stuart, FL

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Pending

$1,950,000

MULTI_FAMILY - Stuart, FL

Property size:

957 SF

Lot size:

2.38 Acres

HighLights

Owner has rezoned the property for multi‑family use (survey in hand).
Property includes 3 existing houses presently considered teardown, ready for new construction.
Current survey proposes 4 half‑acre lots with a separate driveway for each lot.
Electric and public water are already on site; sewer is provided by a septic tank.
Long side of the property runs parallel to Grace Lane for approx. 620 ft and includes a 6 ft white cement wall in place.
Access is via an access road off Cove Rd on Grace Lane; site plan for 6 buildings is concept only and not cleared by the county.

We can help!

Listing Contact

Shelley Marko

Pending

$1,950,000

MULTI_FAMILY - Stuart, FL

Property size:

957 SF

Lot size:

2.38 Acres

Added:: Apr 2, 2026
Days on Market:: 81
Last Refresh:: Jun 21 at 9:06 am

Property Features for 1500 SE Cove Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTIFAM
Parking: 10
Standard status: Pending
APN: 343841001000000805
Size: 957 SF
Lot size: 2.38 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: WACO FIELD PLACE LOT 8 (LESS BEG SW COR N 626.67' E 186.61' TO E/LN S 545.30' SW 203.80' TO POB & LESS R/W)
Tax Annual Amount: 464

Utilities

Utilities: Cable Available
Sewer type: Septic Tank
Cooling system: Window Unit(s), Wall/Window Unit(s)
Water source: Public

Building Details

Year built: 1981
Floors in Building: 2
Number of units: 3
Building materials: Frame

We can help!

Listing Contact

Shelley Marko

Listing agent Shelley Marko License #674837

Listing office Dalton Wade Inc 260 1st Ave S Suite 200, St. Petersburg, FL

Listing date Apr 2, 2026

MLS# B26010503

HighLights

Owner has rezoned the property for multi‑family use (survey in hand).
Property includes 3 existing houses presently considered teardown, ready for new construction.
Current survey proposes 4 half‑acre lots with a separate driveway for each lot.
Electric and public water are already on site; sewer is provided by a septic tank.
Long side of the property runs parallel to Grace Lane for approx. 620 ft and includes a 6 ft white cement wall in place.
Access is via an access road off Cove Rd on Grace Lane; site plan for 6 buildings is concept only and not cleared by the county.

Overview

This 2.38-acre property in Stuart, FL, presents a multi-family development opportunity. The site has been rezoned for multi-family use. There are currently 3 houses on the property, considered teardowns, making the site ready for new construction. Electric and public water are already available on site. An access road off Cove Rd on Grace Lane provides easy access, with a separate driveway for each of the 4 proposed 1/2-acre lots based on the current survey. The owner had the property rezoned multi-family through Martin County, dividing it into 4 half-acre parcels, each allowing 2 houses (one half the size of the primary), for a total of 8 structures. Buyers and their brokers are advised to conduct due diligence for their intended use of the property. The long side of the property, approximately 620 feet parallel with Grace Lane, features a 6 ft white cement wall. Note that the site plan for the 6 buildings is conceptual only and has not been cleared by the county.

Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Location Insight

Map
Local Demand

City: Stuart
County: Martin
State: Florida
Longitude: -80.234266
Latitude: 27.122319

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For sale
Residential land & home lots
FL
Stuart
1500 SE Cove Road

What type of property is this?

Residential land & home lot - 2.38-acre multi-family development site with utilities in Stuart, FL.

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: Owner has rezoned the property for multi‑family use (survey in hand).; Property includes 3 existing houses presently considered teardown, ready for new construction.; Current survey proposes 4 half‑acre lots with a separate driveway for each lot.

1500 SE Cove Road, Stuart, FL

MULTI_FAMILY - Stuart, FL

Property Features for 1500 SE Cove Road

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Prime Retail Space in Stuart

Turn-Key Office Suite in Stuart

Stuart Commercial/Industrial Opportunity

Duplex With Two 3BR/2BA Units

Plant Nursery Land For Sale

Renovated Multi-Use Commercial Property

Plant Nursery Land For Sale

Waterfront Office with Dockage

Waterfront Duplex in Port Salerno

Stuart Duplex For Sale

Brand-New Office Unit

Restaurant Opportunity in Stuart, Florida

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