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0 S Ocean Dr., Hutchinson Island FL 34949

Lots/Land For Sale
$9,250,000

BTC: 116.35220126

ETH: 3,803.45394737

5 days
Waterfront
0 room(s)

Overview

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.

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
20.97 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
$827

Valuation

Our model vs. what's actually selling nearby.
Estimate
$365,000
$78K – $2.5M
Confidence Low
List vs. estimate
$8.9M above estimate
List $9,250,000 · +2434.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$26,837
2026
HOA
$827/mo
View
Intracoastal View, Ocean
Waterfront
Intracoastal Front, Ocean Access
All facts and features
  • Property

    • Exterior Features: East Of Us1 / None

    Lot

    • Lot: 20.97 Acres

    Other Property Information

    • Parcel Number: 253280500010008

    • Zoning: Hutchinson Isla

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Agriculture

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Underground Utilities

    • Water Connected

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • HOA: $827

    • HOA Frequency: Monthly

    • Annual tax amount: $26,837

  • Source details

    • MLS ID: B26090444

    Other facts

    • Lot Features: Beach Area / Dirt / Sand / 10 Or More Acre Lot / East Of US 1 / Interior Lot / Oversized Lot / Cleared Land / Beach Access / Build To Suit / Cleared / Filled

    • Direction Faces: East

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 557x1600

    • Subdivision Name: Pelican Reef

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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-present 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. Listing courtesy of: Serhant