EXCEPTIONAL AND RARE DEVELOPMENT OPPORTUNITY 

Location

The Property is exceptionally located at the northern end of North Hutchinson Island in St. Lucie County, Florida, only ¼ mile south of the Indian River County line and the exclusive neighborhoods of Vero Beach. North Hutchinson Island is located on a barrier island situated between the Atlantic Ocean and the Indian River. The Property is located along a pristine stretch of A1A consisting primarily of exclusive gated oceanfront and riverfront communities, oceanfront estate homes and natural preserve areas.

Property

This is an exceptional and rare opportunity to acquire one of the few remaining development sites located adjacent to Vero Beach, Florida. The 16.8 acre Site is located ¼ mile south of the Indian River County line and the exclusive neighborhoods of the Vero Beach barrier island. With over 412 +/- linear feet of ocean frontage, this site offers a distinctive development opportunity in one of FloridaGÇÖs most affluent and stable markets. 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 relatively 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 in nearby Vero Beach. The area provides a Palm Beach lifestyle at a significantly more attractive price point. The Site has been partially developed under an approved site plan as part of the Avalon Beach PUD. The approved site development plans under the PUD are fully vested and the site infrastructure is complete, allowing for a turn-key development opportunity of 38-39 home sites.

Site Size (Net) 16.8 acres, including 6.7 acres designated as a Conservation Tract Atlantic Ocean

Ocean Frontage - 412 +/- linear feet

Total Lots: 38 total. 6 lots directly on the Atlantic Ocean and 32 on the west side of A1A.

Approved/Planned Project: Seven oceanfront single family residences and 32 single family residences on the west of A1A. The planned project also includes an oceanfront clubhouse which could also be developed as an additional residence.

Current Improvements:Three completed single family homes on the riverside lots (non-oceanfront) and one partially completed home on one of the oceanfront lots.