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For Sale Tbd Tamarind Drive, Ft Pierce, Fl

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For Sale Tbd Tamarind Drive, Ft Pierce, Fl FOR SALE TBD TAMARIND DRIVE, FT PIERCE, FL 1.95 ± ACRES OCEANFRONT 115 Ft +/- May Be Available SITE Tamarind Drive Approximately 115ft of pristine ocean frontage on quaint PARCEL ID: 1436-603-0009-010-9 North Hutchinson Island’s accreting beach SITE ACRES: 1.95± Acres Convenient to Downtown Ft Pierce waterfront to the South ZONING: RS-4, Saint Lucie County and Vero Beach shopping & restaurants to the North FRONTAGE: 115 Ft +/- Oceanfront One of only a few remaining 1 acre + oceanfront single UTILITIES: FPL & St Lucie County Utilities family sites available RE TAXES: $9,090.97 Immediately North of the Ft Pierce Inlet and State Park Proximity to newly proposed Island Resort & Spa on A1A Just minutes to Treasure Coast International Airport Outstanding view of the Ft Pierce Inlet PRICE: $990,000.00 For More Information: Michael A. Yurocko, CCIM, Vice President, Broker Office 772.220.4096 [email protected] Mobile 772.538.2841 www.slccommercial.com The information contained herein has been obtained from sources believed to be reliable, but no warranty or representation, expressed or implied, is made. All sizes and dimensions are approximate. Any prospective buyer should exercise prudence and verify independently all significant data and property information. This is NOT an offer of sub-agency or co-brokerage. AERIAL 772-220-4096 SLC COMMERCIAL 110 Ft+/- SITE Refer to attached survey 115 Ft +/- North Hutchinson Island, Florida is an Atlantic coastal barrier island, lying north of the Fort Pierce Inlet in St. Lucie County, Florida. It is separated from the mainland by the Indian River Lagoon. North Hutchinson Island (also known as North Beach) in St Lucie County, FL, is located approximately a 1 hour drive north of Palm Beach and 1 hour to the south of Cape Canaveral on Florida’s East Coast. This unique barrier island features a non commercial oriented environment with a combination of both single family and mid rise condo- miniums. North Hutchinson is home to a variety of attractions including state parks and the well known Navy Seal Museum. The majority of land on the island is publically owned thereby limiting future development seen in other beachside areas. The island has a year round population of approximately 3,000 residents that swells to double that amount during the winter “season.” The laid back lifestyle North Hutchinson is known for along with its minimal traffic but proximity to a multitude of daily services and shopping needs makes it an ideal beachfront community. SURVEY 772-220-4096 SLC COMMERCIAL LOCATION 772-220-4096 SLC COMMERCIAL Sea Palms* Sands River Tiara* Jack Island Sands on The Ocean* State Preserve The Atrium on The Ocean II* The Atrium on the Ocean* The Barclay Beach Club Aquanique Ocean Club Proposed Resort & Spa PROPERTY Ft Pierce Inlet A1A *Sea Palms, 3200 N A1A Hutchinson Island. Oceanfront Condominium building has 12 floors with 114 units. Prices range from the mid $100s to the mid $200s. *Tiara, 3120 and 3150 N A1A Hutchinson Island. Oceanfront Condominium building has 14 floors with 67 units. Prices range from the high $200s to over $500k. *Sands on the Ocean, 3100 N A1A Hutchinson Island. Oceanfront Condominium building has15 floors with 84 units. Prices range from $200k to over $600k. *The Atrium on the Ocean I & II, 2900 and 3000 N A1A Hutchinson Island. Oceanfront Condominium building has 12 floors with 48 units. Prices range from the low $400s to over $900k. ARTICLE 772-220-4096 SLC COMMERCIAL New home development in full swing on southern half of our barrier island STORY BY STEVEN M. THOMAS - BEACHSIDE NEWS JUNE 2016 A boom in new home development on the southern half of our barrier island that was projected by Vero Beach 32963 two years ago is now in full swing, with half a dozen developments underway or close to commencement on North Hutchinson Island. With prices ranging from $475,000 to $4.5 million, the developments when complete will add more than 130 luxury homes with a total value of over $120 million to the island real estate market. Vero realtors, builders and buyers are in the thick of the action. “It’s on fire down there,” says broker Michael Thorpe, whose company Treasure Coast Sotheby’s International Realty represents the lion’s share of the new developments. “It is unbelievable what is going on. There is more development in that little stretch of beach than in all of Vero.” The boom is being driven by a shortage of waterfront lots and escalating prices in 32963 and by the quality of the environment and rela- tively inexpensive land along the 5-mile stretch of sand, palm trees and mature condominium communities that extends from the Indian River County line to the Fort Pierce inlet. Until recently, development was held back by the address – Fort Pierce for many lacks the cachet of a Vero mailing address – but people are starting to appreciate the value offered on the southern end of the island, where stylish new single-family oceanfront homes are being of- fered for around $2 million, the cost of an oceanfront lot in 32963. At the same time, for buyers from other regions, the distinction between Vero and North Hutchinson is much less of an issue when it exists at all. People from South Florida, the northeast and California who want to live by the ocean in Florida find North Hutchinson ideal, straight out of central casting, a place with wide accreting beaches, little traffic and huge pieces of parkland that will never be developed. “That is one of the things I love about this stretch of coastline – all the park and preserve land,” says Stephen Brinley, a Sotheby’s agent who represents Ocean Palms, a luxury oceanfront condo project that has a sales trailer onsite and one presale, so far. “There are thousands of acres that will never be developed in Avalon State Park, Queens Island Preserve and other parks, which makes the land that can be developed that much more valuable. Another plus is they recently repaved that entire stretch of A1A, and put in bike lanes and sidewalks and new pedestrian crossings. They spent a ton of money on landscaping and it looks really nice.” “This is the last great place left to be developed, coming north from Dade County and Palm Beach,” says Thorpe. “People from South Florida look at North Hutchinson Island as a paradise. The beaches are wide and unspoiled, and the residences are a fraction of what they would be in Lauderdale, Palm Beach or Vero.” “Buyers from South Florida are amazed at the prices here. There is no comparison,” says Linda Gonzalez, co-owner of Coldwell Banker Par- adise, which has an office on North Hutchinson and handles more home sales there than any other company. The boom got going when George Heaton, developer of the Vero Beach Hotel and Spa and Old Oak Lane subdivision in Riomar, launched Tarpon Flats in 2015. The 38-home riverfront community has been a phenomenal success, with 25 homes sold in 18 months and only 13 remaining. Gonzalez, whose company has sold a number of the homes in Tarpon Flats, bought a house there herself, one of six buyers from Vero so far. “I absolutely love it,” she says of the North Hutchinson lifestyle. “You can jump in a kayak whenever you want and go out on the river or walk across the road to the ocean. The beach is gorgeous and I see a new turtle nest over there every day.” “What’s happening at Tarpon Flats is helping push prices higher,” says Bob Lowe, owner of Lowe’s International Realty Plus, a brokerage on North Hutchinson Island. “Prices keep creeping up, but there is still great value here.” Tarpon Flats’ success has inspired developers from around the state to join Vero real estate leaders in launching projects on the island. ARTICLE 772-220-4096 SLC COMMERCIAL Starting from the north, the first project in play is Round Island Plantation, a 31-home subdivision that was entitled in 2007 but which later failed in the real estate downturn. Six of the lots are in Indian River County, the others just over the line in St. Lucie County. A dilapidated wall runs along the A1A in front of the development. Reese Stigliano, a senior vice president with Brenner Real Estate Group in Fort Lauderdale, says $6 million worth of infrastructure, includ- ing a tunnel under A1A connecting the river side and oceanfront portions of the property, is in place. “We are renewing the expired permits and actively looking for a buyer,” he says. A short distance south, Orlando developer Jeff Gelman is 60 days away from beginning construction on the first of 29 new homes in the Avalon Beach development, according to Thorpe, who along with his partner Kimberly Hardin Thorpe is the listing agent for the project. Single-family luxury homes will start at $699,000. Next comes Ocean Palms, the condos listed by Brinley. Priced from $1,175,000 to $1,450,000, the 2,400-square-foot units with 9-foot ceil- ings are exceptionally wide, with 50 feet of Atlantic Ocean frontage. They will be the first new condos on North Hutchinson since 2007. A mile or so further south, a South Florida developer has two elegant oceanfront homes nearly complete in a 10-home subdivision called Acquavista. Mark Rothenberg of Allenberg Development, a major player in the Delray Beach/Boca Raton luxury home market, is bullish enough on North Hutchinson that he bought all 10 lots and is building the first two homes on spec.
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