4200 Bridge Rd Hobe Sound, FL 33455
This exceptional 240-acre property, located at 4200 SE Bridge Rd and 4821 County Rd 708, Hobe Sound, FL 33455 (APN: 36-39-41-000-003-00000-0), presents a unique investment opportunity. Currently zoned AG-20A, it boasts a mixed-use designation encompassing agricultural, residential, and hunting/recreational purposes. The property is currently at 50% occupancy. Its strategic location in Martin County, Florida, offers unparalleled access to a thriving lifestyle. Minutes from over ten prestigious golf courses, including Michael Jordan's The Grove XXIII Golf Club, this location provides both recreational and investment appeal. Recent county approvals for "Leisure Lifestyle/Rural Lifestyle" zoning open exciting development possibilities. This designation allows for higher-density development outside the urban service area, subject to specific guidelines including open space requirements. The nearby Atlantic Fields development, a planned high-end subdivision with 317 homes, a golf course, and other amenities, exemplifies the potential of this area. This expansive acreage offers developers a chance to create a truly exceptional project, capitalizing on the area's natural beauty and proximity to world-class amenities. The asking price for this remarkable property is $19,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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