Are you looking for an investment property in South Florida? Recently, one of the largest undeveloped parcels on Florida’s Atlantic coast became available. According to a recent article from The Real Deal, the 132-acre oceanfront tract, located on Hutchinson Island, is listed for $9.9 million.
In addition to the land, dubbed Hutchinson Sands, the buyer will also receive approved plans for 92 condominium units. Last October, St. Lucie County gave the green light for the site plan, which includes an access road from A1A to ocean upland and for 231,360 square feet of residential development. An adjacent wetlands area within the property will be preserved.
Hutchinson Sands has an impressive 930 feet of direct ocean frontage and extends westward to the Indian River. It is attractively located just four miles south of the Fort Pierce Inlet, between two beach parks. This is a unique investment opportunity, allowing the buyer to build as many as 92 ultra-luxury condos with four living levels over parking, and with views of empty beaches for miles.
For more information about available properties in, and around, Miami, contact Oceanica Real Estate at (786) 270-1743 or [email protected].