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For Sale

Banana Lake Development

$2,250,000

Fort Pierce, Florida

160.67 Acres

PROPERTY DETAILS

Property Type: Acreage & Homesites, Commercial Development, Commercial Investment, Land Investment, Residential Development, Waterfront

Location: 6301 Johnston Rd., Fort Pierce, Florida 34951

County: St. Lucie

Price Per Acre: $14,000

Zoning: PUD Zoning - TVC - Towns Villages and Countryside Future Land Use


Banana Lake Development is located on the Indian River-St. Lucie County line with very good access to Vero Beach. At one time St. Lucie County was one of the fastest-growing counties in the U.S. and continues to see consistent growth of more than four times the national average. Banana Lake Development has PUD Zoning and TVC future land use that allows one unit per acre. Adjacent 78 acres to the south are available to purchase and provides additional development potential. Currently, the property is fenced and leased for cattle retaining the agricultural exemption and substantially reduced taxes.

 

Description: Permitted Lots: 160 lots previously permitted
Price per Lot: $14,062
Average Lot Size: 1/2 to one acre
Lot Inventory Previously permitted for 160 lots
Uplands/Wetlands: 141.9 uplands and 16.9 wetland/lake
Utilities & Water Source: Property was approved for well and septic
Taxes: $4,287.25 for 2019
Planning/Permits: Previously approved for a residential development under the name Rocking Horse Ranch PUD
Nearest Intersection: 25th St SW and Johnston Rd. adjacent to the north end of the property.
Nearest Points of Interest: Property is 2 miles south of Publix Plaza at the intersection of Oslo Rd and 43rd ave.
Lake Frontage/Water Features: 16.9 acre lake/ retention facility was constructed for previously approved development

Driving Directions: GPS Location: 27°33'20.1"N, 80°25'56.5"W
• From the intersection of Indrio Rd and I-95 in St. Lucie County
• Travel east on Indrio Rd one mile to Johnston Rd

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