FOR SALE TBD TAMARIND DRIVE, FT PIERCE, FL

For More Information:

The information contained herein has been obtained from sources believed to be reliable, but no warranty or representation, expressed or implied, is

made. All sizes and dimensions are approximate. Any prospective buyer should exercise prudence and verify independently all significant data and

property information. This is NOT an offer of sub-agency or co-brokerage.

Michael A. Yurocko, CCIM, Vice President, Broker

my@slccommercial.com www.slccommercial.com

Office 772.220.4096 Mobile 772.538.2841

1.95 ± ACRES OCEANFRONT

Tamarind Drive

115 Ft +/-

May Be Available SITE

Approximately 115ft of pristine ocean frontage on quaint

North Hutchinson Island’s accreting beach

Convenient to Downtown Ft Pierce waterfront to the South

and Vero Beach shopping & restaurants to the North

One of only a few remaining 1 acre + oceanfront single

family sites available

Immediately North of the Ft Pierce Inlet and State Park

Proximity to newly proposed Island Resort & Spa on A1A

Just minutes to Treasure Coast International Airport

Outstanding view of the Ft Pierce Inlet

PARCEL ID: 1436-603-0009-010-9

SITE ACRES: 1.95± Acres

ZONING: RS-4, Saint Lucie County

FRONTAGE: 115 Ft +/- Oceanfront

UTILITIES: FPL & St Lucie County Utilities

RE TAXES: $9,090.97

PRICE: $990,000.00

AERIAL 772-220-4096 SLC COMMERCIAL

SITE

North Hutchinson Island, Florida is an Atlantic coastal barrier island, lying north of the Fort Pierce Inlet in St. Lucie County, Florida. It is separated from the mainland by the Indian River Lagoon.

115 Ft +/-

110 Ft+/-

North Hutchinson Island (also known as North Beach) in St Lucie County, FL, is located approximately a 1 hour

drive north of Palm Beach and 1 hour to the south of Cape Canaveral on Florida’s East Coast. This unique barrier

island features a non commercial oriented environment with a combination of both single family and mid rise condo-

miniums. North Hutchinson is home to a variety of attractions including state parks and the well known Navy Seal

Museum. The majority of land on the island is publically owned thereby limiting future development seen in other

beachside areas.

The island has a year round population of approximately 3,000 residents that swells to double that amount during the winter “season.” The laid back lifestyle North Hutchinson is known for along with its minimal traffic but proximity

to a multitude of daily services and shopping needs makes it an ideal beachfront community.

Refer to attached survey

SURVEY 772-220-4096 SLC COMMERCIAL

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A1A

Sea Palms*

Tiara*

Sands on The Ocean*

The Atrium on The Ocean II*

The Atrium on the Ocean*

The Barclay Beach Club

Aquanique Ocean Club

Proposed Resort & Spa

Jack Island

State Preserve

Ft Pierce

Inlet

PROPERTY

Sands River

*Sea Palms, 3200 N A1A Hutchinson Island. Oceanfront Condominium building has 12 floors with 114 units. Prices range from the mid $100s to the mid $200s.

*Tiara, 3120 and 3150 N A1A Hutchinson Island. Oceanfront Condominium building has 14 floors with 67 units. Prices range from the high $200s to over $500k.

*Sands on the Ocean, 3100 N A1A Hutchinson Island. Oceanfront Condominium building has15 floors with 84 units. Prices range from $200k to over $600k.

*The Atrium on the Ocean I & II, 2900 and 3000 N A1A Hutchinson Island. Oceanfront Condominium building has 12 floors with 48 units. Prices range from the low $400s to over $900k.

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New home development in full swing on southern half of our barrier island

STORY BY STEVEN M. THOMAS - BEACHSIDE NEWS JUNE 2016

A boom in new home development on the southern half of our barrier island that was projected by Vero Beach 32963 two years ago is now in full swing, with half a dozen developments underway or close to commencement on North Hutchinson Island.

With prices ranging from $475,000 to $4.5 million, the developments when complete will add more than 130 luxury homes with a total value of over $120 million to the island real estate market.

Vero realtors, builders and buyers are in the thick of the action.

“It’s on fire down there,” says broker Michael Thorpe, whose company Treasure Coast Sotheby’s International Realty represents the lion’s share of the new developments. “It is unbelievable what is going on. There is more development in that little stretch of beach than in all of Vero.”

The boom is being driven by a shortage of waterfront lots and escalating prices in 32963 and by the quality of the environment and rela-tively inexpensive land along the 5-mile stretch of sand, palm trees and mature condominium communities that extends from the Indian River County line to the Fort Pierce inlet.

Until recently, development was held back by the address – Fort Pierce for many lacks the cachet of a Vero mailing address – but people are starting to appreciate the value offered on the southern end of the island, where stylish new single-family oceanfront homes are being of-fered for around $2 million, the cost of an oceanfront lot in 32963.

At the same time, for buyers from other regions, the distinction between Vero and North Hutchinson is much less of an issue when it exists at all.

People from South Florida, the northeast and California who want to live by the ocean in Florida find North Hutchinson ideal, straight out of central casting, a place with wide accreting beaches, little traffic and huge pieces of parkland that will never be developed.

“That is one of the things I love about this stretch of coastline – all the park and preserve land,” says Stephen Brinley, a Sotheby’s agent who represents Ocean Palms, a luxury oceanfront condo project that has a sales trailer onsite and one presale, so far.

“There are thousands of acres that will never be developed in Avalon State Park, Queens Island Preserve and other parks, which makes the land that can be developed that much more valuable. Another plus is they recently repaved that entire stretch of A1A, and put in bike lanes and sidewalks and new pedestrian crossings. They spent a ton of money on landscaping and it looks really nice.”

“This is the last great place left to be developed, coming north from Dade County and Palm Beach,” says Thorpe. “People from South Florida look at North Hutchinson Island as a paradise. The beaches are wide and unspoiled, and the residences are a fraction of what they would be in Lauderdale, Palm Beach or Vero.”

“Buyers from South Florida are amazed at the prices here. There is no comparison,” says Linda Gonzalez, co-owner of Coldwell Banker Par-adise, which has an office on North Hutchinson and handles more home sales there than any other company.

The boom got going when George Heaton, developer of the Vero Beach Hotel and Spa and Old Oak Lane subdivision in Riomar, launched Tarpon Flats in 2015. The 38-home riverfront community has been a phenomenal success, with 25 homes sold in 18 months and only 13 remaining.

Gonzalez, whose company has sold a number of the homes in Tarpon Flats, bought a house there herself, one of six buyers from Vero so far. “I absolutely love it,” she says of the North Hutchinson lifestyle. “You can jump in a kayak whenever you want and go out on the river or walk across the road to the ocean. The beach is gorgeous and I see a new turtle nest over there every day.”

“What’s happening at Tarpon Flats is helping push prices higher,” says Bob Lowe, owner of Lowe’s International Realty Plus, a brokerage on North Hutchinson Island. “Prices keep creeping up, but there is still great value here.”

Tarpon Flats’ success has inspired developers from around the state to join Vero real estate leaders in launching projects on the island.

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Starting from the north, the first project in play is Round Island Plantation, a 31-home subdivision that was entitled in 2007 but which later failed in the real estate downturn. Six of the lots are in Indian River County, the others just over the line in St. Lucie County. A dilapidated wall runs along the A1A in front of the development.

Reese Stigliano, a senior vice president with Brenner Real Estate Group in Fort Lauderdale, says $6 million worth of infrastructure, includ-ing a tunnel under A1A connecting the river side and oceanfront portions of the property, is in place.

“We are renewing the expired permits and actively looking for a buyer,” he says.

A short distance south, Orlando developer Jeff Gelman is 60 days away from beginning construction on the first of 29 new homes in the Avalon Beach development, according to Thorpe, who along with his partner Kimberly Hardin Thorpe is the listing agent for the project. Single-family luxury homes will start at $699,000.

Next comes Ocean Palms, the condos listed by Brinley. Priced from $1,175,000 to $1,450,000, the 2,400-square-foot units with 9-foot ceil-ings are exceptionally wide, with 50 feet of Atlantic Ocean frontage. They will be the first new condos on North Hutchinson since 2007.

A mile or so further south, a South Florida developer has two elegant oceanfront homes nearly complete in a 10-home subdivision called Acquavista. Mark Rothenberg of Allenberg Development, a major player in the Delray Beach/Boca Raton luxury home market, is bullish enough on North Hutchinson that he bought all 10 lots and is building the first two homes on spec. One will be a ready-delivery house, the other a model home.

The 4,000-square-foot, 4-bedroom, 6-bath houses are offered with a choice of facades, modern or beachy, and will sell for $2.25 million to $2.5 million. Thorpe, who has the listings, says the first house will be complete in September.

Right next door, husband-and-wife development team Eduardo Leal and Aggie Szymanska are building a 6,850-square-foot modernist es-tate on a lot with 100 lineal feet of ocean frontage. Vero Beach general contractor Della Porta Construction began the house in December and Leal says it will be ready to occupy by next March.

Szymanska, an agent with Dale Sorensen Real Estate, has the listing.

“We are putting in very high quality materials and finishes,” she says. “The house sits on 57 pilings, has oak floors, 12 foot ceilings and an oversize 38-foot by 16-foot swimming pool with spa. There is an oversize elevator, four-car garage and it is a smart home throughout – lights, shades, security, sound system, heating and cooling can be controlled from anywhere,” via smart phone or computer.

The couple owns two other lots in the subdivision and plan to begin another house when the current project sells. “We have been getting calls and we are optimistic,” Szymanska says.

The next major project is Heaton’s homerun subdivision, Tarpon Flats. Single-story luxury homes with 2,400 square feet under roof now start at $475,000, while larger two-story models with 3,400 square feet under roof start around $600,000. Community amenities include a pool and South Seas style pavilion, a kayak launch area and deed beach access.

Meanwhile, at the south end of the island, two game-changing commercial real estate projects appear to be near commencement.

Bob Lowe says he just put an 11.8-acre hotel site under contact to a developer who plans to proceed with a hotel/condo project that will in-clude two restaurants and other public amenities.

The property sold at the height of the boom for $17.9 million, but lost value in the downturn. Las Vegas casino owner Phil Ruffin bought it for $6 million in 2013 and employed Lowe to get it rezoned for a resort. The process took two years, but St. Lucie County Senior Planner Diana Waite says it is now complete.

A development plan will have to be submitted and approved before a project can get underway, but the county strongly supports the idea of a resort at the south end of the island and the zoning will allow a 400-room hotel.

“How cool would that be?” says Thorpe of a resort on the north side of the Fort Pierce Inlet. “If you get the right product and the right hotel brand, that would be rocket fuel for North Hutchinson.”

Besides giving locals a place to dine out, the hotel would be a prime source of potential homebuyers. As in Vero, visitors who fall in love with the island lifestyle while on vacation often end up as residents somewhere down the line.

The second project is a 9.5-acre commercial site called Grande Beach, across A1A from the hotel property. Lowe says he has two offers on his desk waiting approval from the bank that owns the property. It is zoned for mixed use, which would include 17,000 square feet of retail along with new housing.

“I understand a lot of people are after that property,” Thorpe said. “It would be perfect for a restaurant, bank, cleaners, maybe a little post office, and then you also have residential land with access to water. It is pretty hot. That will get developed.”

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Fort Pierce Inlet State Park, a 340-acre (1.4 km2) part of the Florida State Park system, is located just north of the Fort Pierce Inlet, on North Hutchinson Island, near Fort Pierce. It consists of beaches, dunesand a coastal hammock between the Atlantic Ocean and the waters of Tucker Cove, an indentation of theIndian River Lagoon.[1]

The primary use of the park is as a recreation area. Activities include fishing, swimming, surfing,picnicking, hiking, and birding as well as scuba div-ing, snorkeling, and youth camping. Amenities include a half-mile beach, primitive youth/group campground, a paved bike path, playground, picnic area, a nature trail, and a reef about 100 yards (91 m) from the beach.

Jack Island State Preserve, located a mile north of Fort Pierce Inlet State Park on State Road A1A is under the same manager as the state park. Jack Island features trails for hiking, biking, and studying nature. At the west end of its Marsh Rabbit Run Trail, there is an observation tower that affords spectacular views of the Indian River as well as Jack Island itself.

The Sunrise Theatre (also known as the Sunrise Building) is a historic theater in Fort Pierce, Florida. It is located at 117 South 2nd Street. Built in 1922 by builder C.E. Cahow, the Sunrise Theatre was designed in theMediterranean Revival Style by architect John N. Sherwood. The theatre earned its reputation for becoming the cultural center of the city of Fort Pierce as well as being the greatest and biggest cultural institution in Florida at the time. Opening day was August 1, 1923. The theater closed in 1983 after it had fallen into disrepair. It later partially reopened in 1999 after a $750,000 grant was awarded to renovate and restore the structure to its former condition. On December 7, 2001, it was added to the U.S. National Register of Historic Places. After a complete renovation including adding additional support areas in 2005, the venue opened in January 2006. It now presents a wide variety of entertainment events from local groups to world famous artists such as Willie Nelson, Bill Cosby, Itzhak Perlman, Diana Ross, 3 Dog Night, Lindsey Buckingham, Bryan Adams, Vince Gill, Tony Bennett, Ziggy Marley, the late Dave Brubeck plus Operas, Broadway Shows, Ballet, Rock and Jazz.

The A. E. Backus Museum & Gallery is located at 500 North Indian River Drive, Fort Pierce, Florida. This museum houses artwork by A. E. Backus and other Florida artists.[1] The museum contains the largest collection of paintings by A. E. Backus,[1] a preeminent Florida landscape painter.

The A.E. Backus Museum & Gallery, a 5,000 sq. ft. public visual arts facility, was established in 1960 by A.E. Backus and a group of local art enthusiasts. Open five days a week from October through mid-June (summer hours by appointment) the museum features the Nation's largest display of original paintings by Albert Ernest Backus (American 1906 – 1990). The museum also handles consignment sales of Backus paintings as well as other Treasure Coast artists of merit. Four additional exhibition wings feature changing exhibits of artwork by contemporary artists.[2]

The National Navy UDT-SEAL Museum, also known as the Navy SEAL Museum, is located in St. Lucie County, just outside Fort Pierce, Florida. It houses exhibits to inform and educate on the role of NavyUnderwater Demolition Teams (UDT) and Sea, Air, Land (SEAL) teams.[1] The museum also preserves the history of the SEALs (the original Navy frogmen first trained outside of Fort Pierce).

The idea of the museum originated in the home of Albert Stankie, where he and other former UDT Frogmen gathered personal artifacts and experiences from their service in World War II. They worked to procure the defunct Ft. Pierce Treasure Museum building and site. This evolved into a dedicated facili-ty, which opened in 1985, and was recognized as a National Museum by an act of Congress signed into law February 7, 2008. [2]

772-220-4096 SLC COMMERCIAL MAPS

772-220-4096 SLC COMMERCIAL ZONING

RS-4 RESIDENTIAL, SINGLE-FAMILY - 4.

1. Purpose. The purpose of this district is to provide and protect an environment suitable for single-

family dwellings at a maximum density of four (4) dwelling units per gross acre, together with such

other uses as may be necessary for and compatible with low density residential surroundings. The

number in "( )" following each identified use corresponds to the SIC Code reference described

inSection 3.01.02(B). The number 999 applies to a use not defined under the SIC Code but may

be further defined in Section 2.00.00 of this Code.

2. Permitted Uses:

a. Family day care homes. (999)

b. Family residential homes provided that such homes shall not be located within a radius of one

thousand (1,000) feet of another existing such family residential home and provided that the

sponsoring agency or Department of Health and Rehabilitative Services (HRS) notifies the

Board of County Commissioners at the time of home occupancy that the home is licensed by

HRS. (999)

c. Single-family detached dwellings. (999)

3. Lot Size Requirements. Lot size requirements shall be in accordance with Section 7.04.00.

4. Dimensional Regulations. Dimensional requirements shall be in accordance with Section 7.04.00.

5. Off-Street Parking Requirements. Off-street parking requirements shall be in accordance

with Section 7.06.00.

6. Conditional Uses:

a. Family residential homes located within a radius of one thousand (1,000) feet of another such

family residential home. (999)

b. Telecommunication towers - subject to the standards of Section 7.10.23. (999)

7. Accessory Uses. Accessory uses are subject to the requirements of Section 8.00.00.

a. Solar energy systems, subject to the requirements of Section 7.10.28.