Fully Permitted Oceanfront Land

South Ocean Drive, Hutchinson Island, FL

  • 42.4 Acres
  • Land Residential
  • For Sale

Summary Description

Colliers International is pleased to offer the opportunity to acquire a nearly rectangular 42.4 acre site on Hutchinson Island. The property has more than 1,100 linear feet of frontage on the sand as well as frontage on and access to the intracoastal. The land offers a rare opportunity for a private owner to develop a dream home on a massive private oceanfront compound to develop up to 15 single family homes on the ocean. The site also offers a developer/investor the ability to develop up to 45 oceanfront residential units to sell. The assemblage is currently fully approved for 15 lots, which will each have the ability to accommodate a 5,000 SF home that likely will have a market value in the $2.5 million - $3.5 million range. The zoning allows for development up to 50’ in height. There may by no other site like the subject property in South Florida. Certainly there is no site of its size that boasts direct ocean and intracoastal frontages. A for-profit builder will be able to draw from the international audience that puts a high premium on ocean frontage.

Property Status: Developable land

Lot Size: 42.4 Acres

Area Available: 42.4 Acres

Features:

  • A unique 42.4 acre ocean to intracoastal development site
  • More than 1,100 linear feet of Atlantic Ocean frontage
  • Fully approved for 15 oceanfront lots, which will each accommodate a 5,000 SF home
  • Zoning allows for up to 45 units
  • Developing to the maximum 50’ in height will give residents spectacular ocean and intracoastal views alike
  • Permits in place for the development of a 200 foot dock, which will give residents direct access to the intracoastal
  • All utilities run down A1A, which bisects the property
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