$12,000,000 0 Se Federal Highway Hobe Sound, FL

MLS: RX10257796   Type: Land   County: Martin   City: Hobe Sound   Area: 14 - Hobe Sound-stuart - South Of Cove Rd   Zip: 33455   Style: Commercial,Multi-Family Med Den     Taxes: $42,483

Mortgage $56,338 /mo



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This 18+/- acre multi-family development site consists of four parcels. Parcel One is 1.47+/- acres with frontage along Mars Road. This parcel is zoned COR-2, Commercial Office/Residential. Parcel Two is 2.15+/- acres with frontage on SE Mars St and SE Neptune St. This parcel is zoned RM-5, Low Density Residential.Parcels Three and Four span a total of 14.88+/- acres. These two parcels are located along SE Federal Hwy, abut the Banner Lake community to the west, with prestigious Pine School campus located to the south. A final site plan, known as Hobe Sound Village (Phase 1), has been submitted for these two parcels. The gross residential density of the project is 6.05 units per acre. Existing zoning for these two parcels is COR-2, Commercial Office/Residential and RM-5, Low Density Residential.

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Price History

8/9/2016 Listed $14,000,000
6/14/2017 29% - $10,000,000

# Parcels 4
Area 14 - Hobe Sound/Stuart - South of Cove Rd
HOA None
Listing Status Active
Misc. Clearing Required
Property Type C
Short Sale No
Style Commercial, Multi-Family Med Den
Subdivision None
Terms Considered Cash, Conventional
Type Commercial Land
Usage Unimprovd Bus/ Com, Unimproved Multi-Fam
Zoning RM-5; COR-2

Exterior Features

Ground Cover Brush, Weeds
Improvements None
Lot Description 11 to 25 Acres
Roads City/County Maint., U.S. Highway
Subdiv Info None
Trees Partially Treed

Property Schools

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Gallery (9 photos)

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Property vs Zip Code Avg (33455)

Price 12.0M Avg 1.28M

Taxes $42,483 Avg $8,514

Visits 38 Avg 30

Days on Site 409 Avg 327

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Listing Provided Courtesy Of: SVN Florida PB LLC

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Location & Address

Michael Chisling
201 SW Port St Lucie Blvd #103
Port St Lucie, FL

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