2136 Porpoise Point Ln, Vero Beach, FL 32963
Discover a remarkable opportunity to own a sprawling 72,745 square foot oceanfront property in Vero Beach, Florida. This exceptional parcel boasts 240 feet of pristine Atlantic Ocean frontage, offering breathtaking panoramic views. Located in the coveted South Beach area, this cleared and build-ready lot presents unparalleled potential. The property's unique configuration allows for the development of a single expansive oceanfront estate or, alternatively, the construction of two separate properties. Two convenient access points from community streets lead to a private beachfront compound, easily enclosed for ultimate privacy with landscaping and site walls. Its prime location offers unparalleled convenience and prestige, situated just half a mile from the prestigious Moorings Yacht & Country Club and St. Edward's private school, and a mere 5 minutes from Vero Beach's vibrant shops and restaurants. This is a rare chance to acquire a substantial piece of oceanfront land in one of Florida's most desirable coastal communities. The asking price is $12,995,000. The property is zoned for both commercial and residential use, providing exceptional flexibility for development. Don't miss this chance to create your dream oceanfront property or a lucrative investment in Vero Beach's exclusive coastal lifestyle.
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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