1746 Ocean Dr, Vero Beach, FL 32963
This exceptional 43,124 square foot oceanfront lot presents a rare opportunity to build a stunning residence in the highly desirable Old Riomar neighborhood of Vero Beach, Florida. Located at 1746 Ocean Drive, this property boasts a coveted R-1AA/R-1AA permitted zoning classification. Enjoy the privacy of a quiet stretch of Ocean Drive with a large, accreting beach. The location offers convenient access to shopping, dining, and the amenities of both Riomar Country Club and Quail Valley River Club, all within a short walk or bike ride. The property is ready for immediate development, with completed due diligence, permitting, and architectural plans already in place. These plans detail a breathtaking Mediterranean-style masterpiece designed by a team of renowned professionals, including an Architectural Digest-featured interior designer, a celebrated architect, and a skilled landscape designer. The lot size is approximately 43,124 square feet
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.