New Construction Build-to-Rent Community 1840 Joyful Circle 53 Unit Apartment Building $15,635,000 ($295,000/Unit) 6.94% Cap Rate Fort Pierce, FL 34947

Brand New Construction. 53 individually-deeded townhome units delivered with full builder warranties. Completed in Summer 2025, the price above is for the 53 newly completed homes, with an additional 93 fully permitted lots also available for purchase. This is not a broken or fractured community - all 145 sites are part of The Grove subdivision, with 53 units ready for immediate occupancy. Stabilized NOI projected at 6.9%+ cap rate in high-growth Treasure Coast market. Lease applications received from $2,600 to $2,700 per month, net of utilities. The Seller can continue to facilitate lease-up with onsite staff.
The Grove at Celebration Pointe presents a rare and unique opportunity for investors of all sizes to acquire a customizable portfolio of newly built townhomes in one of Florida’s fastest-growing markets. Offering investors anywhere from 5 to 145 units, this brand-new community is designed to support a thriving build-to-rent model.
Each unit is fee-simple and has an individual tax parcel number. All homes are two-story townhouses ranging from 1,963 to 2,001 square feet. All townhomes are three-bedroom, 2.5-bath models with 1.5-car garages.
Strategically situated in the heart of Fort Pierce, The Grove at Celebration Pointe benefits from the region’s rapid economic and population growth. The property’s central location offers easy access to major transportation routes, including I-95, Orange Avenue, and Okeechobee Road, making it ideal for attracting renters seeking convenience and accessibility. Fort Pierce has gained national recognition for its vibrant downtown, ranked the No. 1 Best Small Town Main Street in America by USA Today, and its proximity to pristine beaches and coastal attractions ensures consistent demand for quality rental properties. The Grove at Celebration Pointe offers investors an opportunity to capitalize on this turnkey multifamily investment in the booming Treasure Coast region of Fort Pierce.
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Modern Design and Community Features
Each townhome at The Grove offers a spacious and modern three-bedroom, 2.5-bathroom layout with high-quality finishes and energy-efficient features. Highlights include:
Oversized garages for additional storage or convenience.
Energy-efficient GE® appliances, granite countertops, and stylish wood cabinetry.
Full impact windows and doors for durability and safety.
Access to Celebration Pointe’s premium amenities, including a pool, fitness center, children’s playground, dog park, picnic pavilion, and walking trails.
This thoughtfully designed community is tailored to meet the needs of today’s renters, ensuring strong demand and tenant satisfaction.
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The Grove offers residents and investors unparalleled convenience, with proximity to:
Major transportation hubs and highways, providing easy commutes to surrounding areas.
Downtown Fort Pierce, featuring shopping, dining, and entertainment.
Beaches and outdoor recreation, attracting tenants seeking the Florida lifestyle.
Celebrated local attractions, including the renowned Farmers Market and Friday Fest events.
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Fort Pierce and the greater Treasure Coast region have become magnets for businesses and residents alike, driven by robust job growth, a favorable cost of living, and an attractive quality of life. The Grove at Celebration Pointe is perfectly positioned to benefit from these trends, offering investors the opportunity to tap into a market with long-term growth potential.
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Brokers Protected.