901-1001 Ocean Dr Fort Pierce, FL 34949
This exceptional 6.88-acre development opportunity in Fort Pierce, Florida, is approved for 52 luxury townhomes. Located at 901-1001 S Ocean Dr, this Planned Development (PD) zoned property boasts stunning ocean and inlet views, and direct beach access. The site plan includes a luxurious clubhouse with amenities such as a pool and fitness facility. The property's prime location in the highly sought-after South Hutchinson Island area offers immense potential for residential investment in a burgeoning market. This is a rare opportunity to create a premier residential community, capitalizing on one of the last remaining development sites on Hutchinson Island. The property's APN is 24-01-412-0004-0000, 24-01-412-0005-0007, and is situated in St. Lucie County, Florida, zip code 34949. The property's latitude and longitude coordinates are 27.45918 and -80.289032 respectively. This is a turnkey opportunity for developers seeking to build a high-end residential community in a desirable coastal location.
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South Beach at Hutchinson Island Housing Development
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.