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Investment Highlights
- Fully approved for 12 condominium units within Somerset Bay’s master-planned community.
- Exclusive dedicated easement for Atlantic Ocean access, plus day dock rights on the Intracoastal.
- Comprehensive architectural and engineering plans updated to 2023 Florida Building Code.
- All construction drawings include building architecture, MEP, structural and landscape details.
Executive Summary
Positioned between the Indian River and the Atlantic Ocean, the property offers both tranquil inland waterway vistas and close proximity to the beach. A dedicated beach easement to the Atlantic and secure rights to a day dock on the Intracoastal add lifestyle value that distinguishes this site from standard ocean-adjacent parcels. Accessibility to key corridors such as Highway A1A enhances connectivity while preserving the coastal character. For investors or developers seeking a rare, shovel-ready luxury residential project, this listing combines prime location, approved entitlements, and architectural excellence to drive swift execution and premium market appeal.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 0.88 AC |
| Zoning | RM-6 - Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.88 AC |
| Zoning | RM-6 - Residential |
1 Lot Available
Lot
| Lot Size | 0.88 AC |
| Lot Size | 0.88 AC |
The property consists of ±0.88 acres located between the Indian River and the Atlantic Ocean along Highway A1A in Vero Beach, Florida
Description
The subject property consists of approximately 0.88 acres located along Highway A1A in Vero Beach, Florida. It is situated between the Indian River and the Atlantic Ocean within proximity to residential communities such as Somerset Bay. The site has approved plans for two condominiums totaling 12 units. Architectural and engineering drawings are complete and updated to the latest state building codes. Access rights include an ocean easement near Disney’s beachfront and dock easement on the Intracoastal Waterway. The property is accessible via Highway A1A and is positioned in an established coastal corridor.
Property Taxes
| Parcel Number | 31-39-26-00039-0000-00000.8 | Improvements Assessment | $0 |
| Land Assessment | $733,115 | Total Assessment | $733,115 |
Property Taxes
Contact the Sale Advisor
9061-9067 Jimmy Buffett Mem hwy

