Prime Oceanfront Development Opportunity on Hutchinson Island
Discover a prime 1.1-acre oceanfront lot on Hutchinson Island, steps away from premier dining and shopping. With 110 feet of waterfrontage, this property offers endless potential for multi-unit development. Build 6-8 ground units or up to 10,000 sqft, maximizing the area's thriving real estate market. Don't miss this rare opportunity, perfectly located near Kyle G's Restaurant!
$2,200,000
Lots and Land MLS#: RX-10905098
43996 sqft
Lot: 1.10acres
Location
More details
Prime Oceanfront Lot on Hutchinson Island
Location: Steps away from premier dining and shopping Property Type: Single Family Detached List Price: $2,200,000 Lot Size: 1.1 Acres Lot Description: Cluster of trees, 1 to < 2 Acres
Highlights:
Oceanfront: 110 feet of pristine waterfrontage
Development Potential: Endless opportunities for multi-unit development
Flexibility: Ability to build 6-8 ground units or up to 10,000 sqft
Real Estate Market: Thriving market area
Convenience: Close proximity to dining and shopping destinations
Verification: Buyers advised to verify all listing information and zoning requirements
Explore the endless possibilities with this prime oceanfront property. Contact us today!
About the Neighborhood
Jensen Beach is a charming coastal town located in Martin County, Florida. Here are some key points about the area:
Location: Jensen Beach is situated on the Atlantic Coast of Florida, offering residents and visitors easy access to beautiful beaches and waterways.
Community: The community of Jensen Beach is known for its friendly atmosphere and laid-back lifestyle. It has a mix of permanent residents and seasonal visitors.
Recreation: Outdoor enthusiasts will find plenty to do in Jensen Beach, including swimming, boating, fishing, and water sports. The area is also home to several parks, nature preserves, and golf courses.
Dining and Shopping: Jensen Beach has a variety of dining options, ranging from casual beachside eateries to upscale restaurants. There are also shopping centers and boutiques offering everything from beachwear to unique gifts.
Events and Festivals: Throughout the year, Jensen Beach hosts various events and festivals, including art fairs, seafood festivals, and music concerts, which contribute to the vibrant local culture.
Schools: Families with children have access to quality educational facilities in the area, including public and private schools.
Transportation: Jensen Beach is conveniently located near major highways, making it easy to travel to nearby cities such as Stuart, Port St. Lucie, and Fort Pierce. The area also has its own public transportation system.
Overall, Jensen Beach offers a relaxed coastal lifestyle with access to beautiful beaches, outdoor recreation, dining, shopping, and community events, making it an attractive place to live or visit.
The "34957" zip code covers the Jensen Beach area in Martin County, Florida.
Here's an overview of amenities, demographics, and real estate trends for this area:
Amenities:
Beaches: Jensen Beach is renowned for its beautiful beaches, offering opportunities for swimming, sunbathing, and water sports.
Parks and Recreation: Residents can enjoy outdoor activities at local parks such as Indian RiverSide Park and Jensen Beach Causeway Park, which offer walking trails, picnic areas, and waterfront views.
Shopping and Dining: Jensen Beach features a variety of shopping centers, boutiques, and restaurants along Jensen Beach Boulevard and nearby areas.
Demographics:
Jensen Beach has a diverse population, including families, retirees, and seasonal visitors attracted to its coastal lifestyle.
The demographic makeup may include a mix of age groups, with a significant proportion of retirees drawn to the area's relaxed atmosphere and waterfront living.
The community values its close-knit feel and active engagement in local events and initiatives.
Real Estate Trends:
Home Prices: Real estate prices in Jensen Beach can vary depending on factors such as location, property size, and amenities. Waterfront properties and homes with ocean views typically command higher prices.
Housing Options: The area offers a range of housing options, including single-family homes, condominiums, and waterfront estates. There may also be opportunities for investment properties and vacation rentals.
Market Conditions: Real estate market conditions in Jensen Beach may be influenced by factors such as seasonal demand, economic trends, and interest rates. It's advisable to consult with a local real estate agent for the most up-to-date information on market trends and property listings.
Overall, the "34957" zip code area offers a desirable coastal lifestyle with access to amenities, recreational opportunities, and a diverse real estate market. As with any real estate investment, conducting thorough research and working with a knowledgeable local real estate agent can help you make informed decisions tailored to your needs and preferences.
Jensen Beach, FL
34957
Market Trends
Property Type: Single Family
February 2024
Market Type
Seller's
Market
Key Details
Months of Inventory
4.49
↓4.67%
Month Over Month
List to Sold Price %
96.2%
↑0.26%
Month Over Month
Median Days Online
40
↓9.09%
Month Over Month
Median Sold Price
$531,375
↓8.84%
Month Over Month
As a real estate professional, it is important to understand
the correlation between key metrics in the housing market to help buyers and
sellers make informed decisions.
The Months Supply of Inventory is a crucial metric that
indicates the balance between supply and demand in the market. With a current
supply of 4.49 months, this suggests a balanced market where there is a healthy
level of inventory available for potential buyers.
The 12-Month Change in Months of Inventory has increased by
+12.25%, which could indicate a slight increase in inventory over the past
year. This could potentially lead to more options for buyers, giving them more
negotiating power in the market.
The Median Days Homes are On the Market is 40, which
indicates that homes are selling relatively quickly in this market. This could
be attributed to the balanced supply and demand, as well as competitive pricing
strategies by sellers.
The List to Sold Price Percentage is at 96.2%, which shows
that homes are selling close to their listing price. This could reflect strong
buyer interest and competition in the market, leading to sellers receiving
offers close to their asking price.
Lastly, the Median Sold Price is $531,375, which gives
buyers and sellers a benchmark for pricing and offers in this market. This
figure represents the midpoint of all sold prices, giving an indication of the
overall market value.
Overall, these metrics suggest a stable and balanced real
estate market with healthy levels of inventory, quick selling times, and strong
buyer interest. Buyers and sellers can use this information to make informed
decisions and navigate the market effectively.
