Agriculture for sale

$9,250,000

0 S Ocean Dr.Hutchinson Island, FL 34949

About this home

Ocean to Intracoastal and Shovel-Ready! Pelican Reef offers a development opportunity on Hutchinson Island: 20.97 acres across 8 total parcels, with 557 ft of direct Atlantic frontage and 500 ft of direct Intracoastal frontage. The 7.57-acre oceanfront site has been approved for 7 estate-sized luxury homes with building footprints ranging from 5,400 to 7,400 sqft, with utilities and infrastructure in place for immediate construction potential. Developers seeking greater density may apply for additional single-family homesites or a multi-family condominium plan, subject to approval. A 13.4-acre Intracoastal parcel under a conservation easement protects privacy and views for good, with a proposed boardwalk from S. Ocean Dr. to the water and up to 4 docks of two slips each, pending approval. In addition, property is bordered to the South by State-Owned and protected land further adding to the exclusivity and privacy for future Pelican Reef residents. Some photos have been virtually rendered to reflect the build out and completion of Pelican Reef with the approved and platted homesites in addition to the proposed dock configurations which are pending approval.

Details

MLS #
B26090444
Property type
Agriculture
Status
Active
Days on market
1
Neighborhood
Pelican Reef
County
St Lucie County
HOA / association fee
$827 monthly
Property taxes
$26,837 (2026)
Waterfront
Yes
Private pool
No
View
Intracoastal View, Ocean, Direct Ocean, River, Ocean View
Exterior features
East Of Us1, None

Location

Estimated payment

$49,836/mo with 20% down at 6.5% for 30 years, including taxes and HOA, before insurance.

Adjust in the mortgage calculator

Listing courtesy of Serhant · Michael Ortega. Listing last updated October 20, 2026 9:09 PM.

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The multiple listing information is provided by the MIAMI Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 MIAMI Association of REALTORS®. All rights reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated October 31, 2026 4:14 AM.

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