0 Harbor Dr Vero Beach, FL 32967
Exceptional investment opportunity in Vero Beach, Florida, presenting 19 platted residential lots totaling 5 acres situated directly on the Intracoastal Waterway. This prime development site, located within the prestigious Grand Harbor golf and beach club community, boasts pre-approved plans for single-family homes, offering immediate construction readiness. The property's zoning permits multifamily or single-family residential development, with the southernmost five lots particularly well-suited for potential condo conversion. Grand Harbor provides access to a premier golf course, country club, and beach club, though memberships are not mandatory for lot purchase or future home construction. This highly desirable Vero Beach location offers a relaxed atmosphere and convenient access to local amenities, including a vibrant downtown area with diverse dining, shopping, and entertainment options. The property enjoys excellent connectivity to major roadways such as Route 1, Interstate 95, and A1A, and is conveniently located just 10 minutes from Vero Beach Regional Airport. This shovel-ready project presents a unique chance to capitalize on the thriving Vero Beach real estate market, offering immediate development potential in a sought-after location. The asking price for this exceptional opportunity is $13,500,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.