Located on the south side of 5th Street SW, east of 20th Avenue SW, in the Vero Beach area of Unincorporated Indian River County, FL
Currently offering 83.14+/- acres of undeveloped land previously planned as "Portofino Preserve", previously intended to be developed with 178 single family residential units. The majority of the site is zoned RS-6 and has existing density of up to 6 DU/Acre.
Portofino Preserve - Location Map
Location: Between 5th Street SW and 9th Street SW (Oslo Road), east of 20th Avenue SW, with frontage on the north side of Oslo Road, east of 10th Avenue SW.
Asking Price: $1,299,000 (Price reduced from $1,500,000)
Property Size: 83.14+/- Acres
Price/Unit: $8,427 (based on 178 Units, 70' x 120')
Legal Description: Lengthy Legal - Parcel Control Numbers are 33-39-24-00000-5000-00001.0 & 32-39-24-00000-5000-00024.0
Zoning: RS-6, RM-6 & CL (The majority of the site is residential in nature with only a small portion zoned for commercial use).
Future Land Use: L-2 & C/I
Comments: Large, well-located parcel with residential development potential. The site has frontage along Oslo Road and 5th Street SW, is within walking distance to South County Regional Park, and is in close proximity to schools, shopping, beaches, etc.
From the North - Exit I-95 at 20th Street/State Road 60 and head east approximately 4.5 miles to 58th Avenue/Kings Highway. Turn right/head south on 58th Ave approximately 3 miles to 5th Street SW. Turn left/head east on 5th Street SW for approximately 3.5 miles. Property will be on the right/south side, just past South County Regional Park.
From the South - Exit I-95 at Indrio Road and head east approximately one mile to 43rd Avenue SW/Johnston Road. Turn left/head north on Johnston Road approximately 4.5 miles to 9th Street SW/Oslo Road. Turn right/head east on Oslo Road to 20th Avenue SW. Turn left/head north on 20th Avenue SW to 5th Street SW, approximately one-half mile. Turn right/head east on 5th Street SW approximately one-half mile. Property will be on the right/south side, just past South County Regional Park.
Portofino Preserve - Preliminary Site Plan
For additional information, please click on the following links for: