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    OFF-MARKET
    Land

    2135 Florida A1A, Vero Beach, FL 32963

    0.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.91-acre residential lot in Vero Beach, Florida, presents a rare opportunity to build your dream estate home. Located at 2135 Florida A1A, in the desirable RS1 zoning district of Indian River County, this property boasts direct riverfront access with stunning sunrise and sunset views. Imagine enjoying the tranquil beauty of the waterway, observing dolphins and manatees from your private extended dock. The property includes an existing artesian well, simplifying the construction process. While situated in a Flood zone X location, the elevated position offers breathtaking views and a unique waterfront lifestyle. Comparable sales of homes within a quarter-mile radius range from $5 million to $25 million, indicating significant potential for a high-value custom home. This location offers the best of both worlds: the serene natural beauty of the river and convenient proximity to all that Vero Beach and Hutchinson Island have to offer. The lot's size and location provide exceptional potential for a spec home build, with a projected new home listing price exceeding $6 million for a potential 4,500+ square foot residence. This is an unparalleled opportunity to create a luxurious waterfront estate in a highly sought-after location. The asking price for this remarkable property is $1,395,000.

    Property profile
    Verified
    Property type Land
    Lot 0.91 ac (39,640 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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