Multi-Family Development
For Sale
$1,950,000
Pending
1500 SE Cove Road, Stuart, FL
MULTI_FAMILY - Stuart, FL
Property Size957 SF
Lot Size2.38 Acres
Days on Market129
Property Features for 1500 SE Cove Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTIFAM
Parking
10
Directions
95 to KANNER HWY / 76 EAST TO COVE RD RIGHT ON COVE RD TO PROPERTY ON RIGHT DIRECTLY PAST LEGACY COVE LIGHT
Subdivision
6120 - Stuart - Southwest
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
Legal 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)
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
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Shelley Marko · License #674837
(772) 359-5302
Added: Apr 2
Changed: Aug 5
Last Checked: Aug 8 at 9:06PM
MLS# B26010503
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 1500 SE Cove Road in Stuart, Florida and has been rezoned for multi-family use. The site currently has three houses considered teardown, and the owner indicates utilities are already on site, including electric and public water. The available survey is in hand.
According to the provided information, the owner has sectioned the property into four half-acre lots, with a concept plan allowing up to eight structures. A separate driveway is indicated for each of the proposed lots, and the long side of the property runs parallel with Grace Lane for approximately 620 feet and includes a 6-foot white cement wall in place. An access road is referenced off Cove Road on Grace Lane for entry.
The site plan for six buildings is noted as not cleared by the county, described as a concept only, and buyers are instructed to complete due diligence for their intended purpose.
According to the provided information, the owner has sectioned the property into four half-acre lots, with a concept plan allowing up to eight structures. A separate driveway is indicated for each of the proposed lots, and the long side of the property runs parallel with Grace Lane for approximately 620 feet and includes a 6-foot white cement wall in place. An access road is referenced off Cove Road on Grace Lane for entry.
The site plan for six buildings is noted as not cleared by the county, described as a concept only, and buyers are instructed to complete due diligence for their intended purpose.
Key Highlights
- Owner rezoned the property for multi‑family; current survey shows the site sectioned into 4 proposed 1/2‑acre parcels.
- Currently has 3 houses on‑site considered teardown; ready for buyer’s intended use with concept site plan for 6 buildings (not cleared by county).
- Access off Cove Rd on Grace Lane, with a separate driveway planned for each of the 4 proposed 1/2‑acre lots.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
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Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Multi-family rezoned land with utilities on site, featuring multiple existing houses and proposed separate driveways.
Where is this single family property 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 rezoned the property for multi‑family; current survey shows the site sectioned into 4 proposed 1/2‑acre parcels.; Currently has 3 houses on‑site considered teardown; ready for buyer’s intended use with concept site plan for 6 buildings (not cleared by county).; Access off Cove Rd on Grace Lane, with a separate driveway planned for each of the 4 proposed 1/2‑acre lots.
