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104 Ocean Estates Dr
Hutchinson Island, FL 34949
Avalon Beach Villa Development Closeout · Land For Sale · 1.49 AC

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INVESTMENT HIGHLIGHTS

  • The last 14 lots available out of 36 total lots within the Avalon Beach Community. The 14 lots are located on the West/Bay side of the property.
  • Ability to develop up to three stories
  • Available lots vary between 40x90 and 50x90
  • HOA Fee: $288 p/mo

EXECUTIVE SUMMARY

ONE Sotheby's International Realty proudly presents the amazing opportunity to acquire the remaining 14 parcels consisting of 64,904 SF of undeveloped land nestled between the Atlantic Ocean and the Inter-coastal Waterway in Avalon Beach located in Hutchinson Island, FL. Situated between Avalon State Park and conservation land, these 14 parcels of vacant land reside in a secluded paradise. The existing and developed residences within Avalon Beach are comprised of homes spanning from four-bedrooms with four-bathrooms, to a spacious seven-bedrooms with six-bathrooms, all ranging between 2,587 SF and 4,984 SF, with available homes currently on the market priced between
$1,675,000 and $2,250,000.
The property is located in a quiet, barrier island community consisting primarily of exclusive gated oceanfront and riverfront communities as well as oceanfront estate homes. As a wealthy enclave of largely second and third residences, the area has remained stable and continues to attract affluent buyers from throughout the United States who are attracted to the white sandy beaches, performing arts theaters, quaint boutiques and fine dining available nearby. Avalon Beach is located 1/4 mile South of the Indian River County line and within minutes of Vero Beach, healthcare, airports, and I-95.

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 1.49 AC
Zoning PUD - Potential Unit Development

1 LOT AVAILABLE

Lot

Price $4,900,000
Price Per AC $3,288,610.47
Lot Size 1.49 AC

14 Lots

  • Listing ID: 31964027

  • Date on Market: 5/30/2024

  • Last Updated:

  • Address: 104 Ocean Estates Dr, Hutchinson Island, FL 34949

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