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    104 Ocean Estates Dr Fort Pierce, FL 34949

    Sponsored
    For Sale
    $4,900,000

    14 Lots, Oceanfront Paradise, Florida

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional opportunity presents the chance to acquire the final 14 undeveloped residential lots within the prestigious Avalon Beach community on Hutchinson Island, Florida. Encompassing 64,904 square feet of land nestled between the Atlantic Ocean and the Intracoastal Waterway, this secluded parcel offers unparalleled access to pristine beaches and tranquil waterways. The lots, situated between Avalon State Park and conservation land, provide a unique blend of privacy and convenience. Existing homes in Avalon Beach range from four to seven bedrooms, showcasing the potential for substantial, high-value residential development. Lot dimensions vary between 40x90 and 50x90 feet, allowing for the construction of up to three-story homes. The community boasts a quiet, exclusive atmosphere, attracting affluent buyers seeking a luxurious coastal lifestyle. Located a quarter-mile south of the Indian River County line, Avalon Beach is minutes from Vero Beach, offering easy access to healthcare, airports, and I-95. The property is zoned PUD, and the HOA fee is $288 per month. This is a rare chance to capitalize on the high demand for luxury real estate in this sought-after location. The asking price for all 14 lots is $4,900,000.

    Property Features for 104 Ocean Estates Dr

    General Information

    Property type
    Land
    Lot Size
    2,827,218,240 SF

    HighLights

    • 14 remaining lots for sale in Avalon Beach Community (36 total lots); West/Bay side locations.
    • Lots range from 40' x 90' to 50' x 90'.
    • Up to three‑story development allowed.
    • HOA fee: $288/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Travel Agency Parking Facility

    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
    -80.321316
    Latitude
    27.5514

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    FAQs

    What type of property is this?
    Land - 14 Lots, Oceanfront Paradise, Florida
    Where is this land located?
    The property is located at 104 Ocean Estates Dr Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: 14 remaining lots for sale in Avalon Beach Community (36 total lots); West/Bay side locations.; Lots range from 40' x 90' to 50' x 90'.; Up to three-story development allowed.
    Request Owner's contact information
    104 Ocean Estates Dr Fort Pierce, FL 34949
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    Fort Pierce, FL 34949
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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
    104 Ocean Estates Dr Fort Pierce, FL 34949
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