609-615 S Ocean Blvd - Residential LAND FOR SALE


Palm Beach, FL 33480 82,764 SF
$9,450,000 USD
305-613-4507
609-615 S Ocean Blvd, Palm Beach, FL for Sale
$9,450,000 USD
Residential LAND - FOR SALE
1/4
82,764 SF

609-615 S Ocean Blvd
Palm Beach, FL 33480


HIGHLIGHTS

  • Rare Hutchinson Island development site with ocean views
  • Two contiguous parcels totaling ±1.9 acres
  • HI-Medium zoning allows multiple residential configurations
  • Walking distance to beaches, marinas, and dining
  • Minutes from Downtown Fort Pierce and Fort Pierce Inlet

OVERVIEW

Prime Hutchinson Island Development Opportunity | Fort Pierce, FL Cushman & Wakefield is pleased to present a rare coastal development opportunity on Hutchinson Island, consisting of two contiguous parcels totaling approximately 1.90 acres along South Ocean Drive in Fort Pierce, Florida. Located directly across from the Atlantic Ocean, this site represents one of the few remaining larger development parcels in this highly sought-after coastal corridor. The property offers approximately 290 feet of frontage along South Ocean Drive, providing excellent visibility and access in a market characterized by limited supply and strong long-term demand. The site is currently zoned HI-Medium, allowing for a variety of residential development options, including condominiums, townhomes, or duplexes. Additionally, the property may offer future upside through rezoning, with potential for neighborhood commercial or mixed-use concepts, subject to municipal approvals. Situated within walking distance of the beach, marinas, and local restaurants, and just minutes from Downtown Fort Pierce and the Fort Pierce Inlet, the property benefits from both lifestyle appeal and convenient access to key regional amenities. The location positions developers to capitalize on the continued growth of Florida’s Treasure Coast, a market experiencing increasing demand from full-time residents, second-home buyers, and coastal investors. Comparable land sales on Hutchinson Island highlight strong pricing support for well-located coastal sites, underscoring the investment appeal of this offering. With limited available land, favorable zoning, and proximity to the ocean, this opportunity is well-suited for developers seeking to deliver high-quality residential product in a supply-constrained coastal environment. This offering presents an exceptional opportunity for investors and developers to secure a strategically located coastal site with immediate development potential and long-term value appreciation in one of Florida’s most desirable island markets.

FOR SALE DETAILS

PRICE

$9,450,000 USD

PRICE/ACRE

$4,973,684/AC

PRICE/SF

$114 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Prime Hutchinson Island Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Apartment Units - Condo, Single Family Residence

LAND ACRES

1.9 AC

LAND SF

82,764 SF

OFFSITE IMPROVEMENTS

-

ZONING

HI MEDIUM

APN/PARCEL ID

2401-503-0013-000-5,2401-503-0018-000-0

ASK ABOUT THIS PROPERTY

Virgilio Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Virgilio Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.