Fort Pierce Residential, 401 S Indian River Dr

Beds
0.92
Acre
$5,434,783
$/Acre
Entry-Level Land
Intercoastal,River View
Waterfront
An extraordinary opportunity awaits developers looking to acquire a shovel-ready, fully entitled, luxury mixed-use project in the heart of downtown! This premier location offers unparalleled potential and a chance to create an iconic waterfront community. The first phase consists of 12 stunning villa units directly on the river, with floor heights starting at 12' above sea level for breathtaking, panoramic views of the Indian River. These units rise above it all, offering unrivaled vistas of serene waters and vibrant city life. Designed for those seeking the best of coastal and urban living, the split floor plan effortlessly blends sophistication and comfort. With two entitled parking spaces per unit, an opportunity to reserve a private boat slip, and access to a sprawling design pool overlooking the river; these villas promise luxury living at it's finest. The second phase brings to life a five-story mixed-use building with endless potential. Featuring prime commercial and retail space on the ground floor, along with office suites and upscale residential units on the upper floors, this structure is designed to maximize value and aesthetic appeal. Residential units on the top floors enjoy magnificent views of the Indian River. With the flexibility to transform the office spaces into additional residential or commercial units, a developer has the ability to craft their vision. The final phase unveils a fully entitled, permitted 28-slip marinaa developer's dream. Whether you envision operating it as a commercial marina or selling the slips individually in a fee simple fashion, the possibilities are endless. The marina adds an exceptional layer of exclusivity to this already impressive project. Don't miss this chance to build a truly iconic, multi-phase, mixed-use waterfront destination. With prime riverfront access and breathtaking views, this project promises not only luxury living but the chance to be part of the future of downtown's dynamic transformation.
MLS Number: R11062467
On Site: 580 Days
Updated: 239 Days ago
Page Views: 0

Features

All features
  • Current Use: MultiFamily
  • Approx SqFt Total Area: 40075
  • Property SqFt: 40075
  • Remarks: An extraordinary opportunity awaits developers looking to acquire a shovel-ready, fully entitled, luxury mixed-use project in the heart of downtown! This premier location offers unparalleled potential and a chance to create an iconic waterfront community. The first phase consists of 12 stunning villa units directly on the river, with floor heights starting at 12' above sea level for breathtaking, panoramic views of the Indian River. These units rise above it all, offering unrivaled vistas of serene waters and vibrant city life. Designed for those seeking the best of coastal and urban living, the split floor plan effortlessly blends sophistication and comfort. With two entitled parking spaces per unit, an opportunity to reserve a private boat slip, and access to a sprawling design pool overlooking the river; these villas promise luxury living at it's finest. The second phase brings to life a five-story mixed-use building with endless potential. Featuring prime commercial and retail space on the ground floor, along with office suites and upscale residential units on the upper floors, this structure is designed to maximize value and aesthetic appeal. Residential units on the top floors enjoy magnificent views of the Indian River. With the flexibility to transform the office spaces into additional residential or commercial units, a developer has the ability to craft their vision. The final phase unveils a fully entitled, permitted 28-slip marinaa developer's dream. Whether you envision operating it as a commercial marina or selling the slips individually in a fee simple fashion, the possibilities are endless. The marina adds an exceptional layer of exclusivity to this already impressive project. Don't miss this chance to build a truly iconic, multi-phase, mixed-use waterfront destination. With prime riverfront access and breathtaking views, this project promises not only luxury living but the chance to be part of the future of downtown's dynamic transformation.
  • Internet Remarks: An extraordinary opportunity awaits developers looking to acquire a shovel-ready, fully entitled, luxury mixed-use project in the heart of downtown! This premier location offers unparalleled potential and a chance to create an iconic waterfront community. The first phase consists of 12 stunning villa units directly on the river, with floor heights starting at 12' above sea level for breathtaking, panoramic views of the Indian River. These units rise above it all, offering unrivaled vistas of serene waters and vibrant city life. Designed for those seeking the best of coastal and urban living, the split floor plan effortlessly blends sophistication and comfort. With two entitled parking spaces per unit, an opportunity to reserve a private boat slip, and access to a sprawling design pool overlooking the river; these villas promise luxury living at it's finest. The second phase brings to life a five-story mixed-use building with endless potential. Featuring prime commercial and retail space on the ground floor, along with office suites and upscale residential units on the upper floors, this structure is designed to maximize value and aesthetic appeal. Residential units on the top floors enjoy magnificent views of the Indian River. With the flexibility to transform the office spaces into additional residential or commercial units, a developer has the ability to craft their vision. The final phase unveils a fully entitled, permitted 28-slip marinaa developer's dream. Whether you envision operating it as a commercial marina or selling the slips individually in a fee simple fashion, the possibilities are endless. The marina adds an exceptional layer of exclusivity to this already impressive project. Don't miss this chance to build a truly iconic, multi-phase, mixed-use waterfront destination. With prime riverfront access and breathtaking views, this project promises not only luxury living but the chance to be part of the future of downtown's dynamic transformation.
  • View: Intercoastal,River
  • Waterfront: Yes
  • Directions: West
  • Days on Market: 332
  • Compass Point: S
  • Office Name: Compass Florida LLC
  • Area: 1.9
  • Taxes: 21429.2
  • Tax Year: 2024
  • Listing Date: 2025-02-13T19:00:00.000-00:00
  • Lot Size Square Feet: 40075

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Price History

Date
Event
Price
Change
Price Per
02/15/2025
Listed
$5M
 
$125 ft2
$1,343 m2
02/15/2025
$5M
Event
Listed
Price Per
$125 ft2
$1,343 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Grant GarveyCompass Florida LLC • Buyer Agency Compensation .

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Scores

Walk Score®
Car-Dependent. Almost all errands require a car
0

100
Bike Score®
Somewhat Bikeable. Minimal bike infrastructure
18

100
Sound Score®
Bearable noise
76

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
29

100
Local Score
Limited local amenities nearby
0

100
Community Snapshot
2 – 8 BR
Bedrooms
$120K – $11.3M
Price Tier
447 - 11,160
SqFt Range
1964
Year Build
1
Total Floors

Subdivision Amenities

None

Fort Pierce
Entry-Level
Entry-Level Homes & Condos