Homes for sale - INDRIO RD, Fort Pierce, FL 34945

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Jul

Wed

Jul

Thu

Jul

Diana Patricia Otero Leiro

doteroleiro@gmail.com +1(689) 837-7777

$ 3,500,000

Est. payment | -/mo

10.65 Acres Lot

Save Virtual Tour

$ 3,500,000

Est. payment | -/mo

Save Virtual Tour

10.65 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Subdivision

Listing Status Active

Purchase Type For Sale

Subdivision Metes & Bounds

MLS Listing ID V4943996

HOA Y/N No

Annual Tax Amount $9,145

Lot Size 10.650 Acres

Acres 10.65

Lot Dimensions 449 x 1289

Property Sub-Type Subdivision

Source Stellar MLS

Property Description

Introducing Beach Pines @ Indrio, a shovel-ready, fully entitled and permitted 75-unit townhome development located in the high-growth area of Fort Pierce, FL. This 10.65-acre project is zoned RM-9 and approved for nine units per acre. It offers a prime build-to-rent (BTR) opportunity for investors or developers seeking a turnkey site with strong projected returns. All site engineering, entitlements, and development plans are complete. The owner is a licensed Florida general contractor open to a joint venture with a capital partner for full vertical buildout. Each unit is thoughtfully designed as a 3-bedroom, 2.5-bath townhome with a 1-car garage, CBS construction, hurricane-rated windows and doors, and energy-efficient systems—ideal for long-term rentals, short-term rentals, or traditional sales. Community amenities include a clubhouse, pool, walking trails, and greenspace—adding lifestyle value for renters or homeowners.

Located just off Indrio Road near I-95 and US-1, the site is only minutes from the growing commercial corridor at Kings Highway and Indrio, where a brand-new Publix is currently under construction. The property is also close to Buc-ee's, KOA Surf Park, the future Brightline Station, and several Fort Pierce beaches and public boat ramps, offering convenient access to the Intracoastal and Atlantic Ocean. This location blends quiet suburban living with easy access to vibrant coastal and commuter destinations.

The approved pro forma supports gross annual rental income exceeding $2.25 million with a projected net operating income of approximately $1.6 million, targeting a 12% cap rate upon stabilization. Site layout includes efficient road design, utility and drainage plans, and flexibility for phased construction. This is a rare opportunity to take over a fully approved townhome subdivision with a seasoned builder on board, offering lower development risk and a faster path to revenue. Whether you're a BTR operator, equity group, or private developer, this project provides the scale, location, and entitlement readiness to execute immediately in one of Florida's hottest rental corridors. Full executive summary, pro forma, and JV options available upon request.

Location

State FL

County St Lucie

Community Metes & Bounds

Area 34945 - Fort Pierce

Zoning RM-9 COUNT

Exterior

Utilities Available Cable Available, Electricity Available, Phone Available, Public, Sewer Available, Water Available

Building

Lot Description Buildable, Oversized Lot, Paved

Lot Size Range 10 to less than 20

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other, Owner Financing, Private Financing Available, Special Funding

Listing Terms Cash, Conventional, Other, Owner Financing, Private Financing Available, Special Funding

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943996

Listed by LANDSHARK REALTY

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(689) 837-7777

doteroleiro@gmail.com

Learn More About LPT Realty