
6285 Old Dixie Highway
Land |10 Acres US 1 N St Lucie County w utilities-zoned CG w Residential PUD exception to 149 units
Marketing description
Incredible opportunity for multifamily development with 266 feet fronting on US 1 at Kings Highway, north St Lucie County, Florida 34951. The site enjoys a plateau of the highest elevation in St Lucie County gently sloping down towards Old Dixie Highway enjoying a second ingress/egress at the easterly side of the site. Currently enjoying a half dozen mature live oak trees central to the site, along with mango and other trees, lends the area perfect for passive shaded recreation, with amenities like pool and dog park, enhancing the appeal of the project, according to St Lucie County planning department. The northerly border of the site enjoys the Lennar Homes Seagrove master planned community landscaped ROW to a concrete bridge over Old Dixie Highway to over 750 single family detached and one-story fee simple villas. To date at least 150 homes are sold and occupied in the first six months of operation. The Villas are priced from $274,900 with most selling for over $300,000. Single family detached homes are priced from the mid $300,000. range with most homes selling at $400,000+. New utility lines with adequate capacity for both water and sanitary sewer are available to the site.
Investment highlights
Preliminary site improvement estimates start out at $2,000,000. including all site work, streets, curbs, storm water, sanitary sewer and public water. Not including driveways, pool, amenities. Includes a $350,000 Sanitary Sewer lift station to be located at the low point of the property along Old Dixie Highway. The parcel also includes a 90’+- x 510’ strip of land east of Old Dixie Highway. This parcel can be passive recreation or active recreation and abuts the Brightline Railroad tracks. Surveys, several concept plans, environmental study, gopher tortoise study are available.
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