Resort Lot with Tiki
For Sale
$310,000
485 Northwest Boundary Drive, Port St Lucie, FL 34986
Move-in-ready lot with professionally installed brick pavers and a fully equipped tiki pavilion with kitchen and bar area.
Property Size3,060 SF
Price / SF$101.31
Days on Market355
Property Features for 485 Northwest Boundary Drive
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$6,102
Listing Agency:
Florida Living Realty
Listed By:
Doreen Judge · License #3060462
(904) 910-5594
Source:
Compass
Added: Nov 3, 2025
Changed: Oct 21
Last Checked: Oct 24 at 7:57PM
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 Florida Living Realty
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Investment Insights
Based on property information with market context.
This move-in-ready lot is designed for a resort-style outdoor setup, featuring professionally installed 4x7 brick pavers in a classic herringbone pattern. The property includes a spacious tiki pavilion with a fully equipped kitchen and granite countertops, plus a cooktop, sink, wine chiller, beverage refrigerator, and bar area for entertaining. Additional features include custom eisenglass curtains, built-in heaters, mounted fans, accent lighting, and upgraded furnishings intended for year-round use.
The lot is positioned with views of the golf course and lake, with an outlook toward lighted fountains. A satellite pool is listed as being conveniently located.
From a configuration standpoint, the offering combines hardscape finishes with a dedicated covered outdoor gathering area and service-ready amenities, supporting ready-to-enjoy use immediately after purchase.
The lot is positioned with views of the golf course and lake, with an outlook toward lighted fountains. A satellite pool is listed as being conveniently located.
From a configuration standpoint, the offering combines hardscape finishes with a dedicated covered outdoor gathering area and service-ready amenities, supporting ready-to-enjoy use immediately after purchase.
Key Highlights
- Move‑in‑ready lot with professionally installed 4x7 brick pavers in a classic herringbone pattern
- Fully equipped tiki pavilion with kitchen, granite countertops, cooktop, sink, and bar area
- Includes wine chiller and beverage refrigerator for entertaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,884
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,680
$337.7K
Cap Rate 7%
$241,200
$241.2K
Cap Rate 9%
$187,600
$187.6K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$40.4K $13.20/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$35.5K $11.62/SF
− OpEx
−$18.7K −$6.10/SF
NOI
$16.9K $5.52/SF
Area
St. Lucie County, FL
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,680
Cap Rate 7%
$241,200
Cap Rate 9%
$187,600
Alternative Uses
Best Use
Hotel Hospitality
$241.2K
$211.1K – $281.4K
NOI $16,884 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.5K
$673.4K – $897.8K
NOI $53,868 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 34986, FL
30,027
Population
14,600
Households
2.1
Avg Household Size
56
Median Age
35%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,597
Density / Sq Mi
$85,842
Median Household Income
$44,182
Median Earnings
$1,600
Median Rent
$368,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Resort - Move-in-ready lot with professionally installed brick pavers and a fully equipped tiki pavilion with kitchen and bar area.
Where is this resort located?
The property is located at 485 Northwest Boundary Drive Port St Lucie, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Move‑in‑ready lot with professionally installed 4x7 brick pavers in a classic herringbone pattern; Fully equipped tiki pavilion with kitchen, granite countertops, cooktop, sink, and bar area; Includes wine chiller and beverage refrigerator for entertaining
