1705 150th Ave, Vero Beach, FL 32966
Local realty services provided by:CENTURY 21 Link Realty, Inc.
1705 150th Ave,Vero Beach, FL 32966
$10,260,000
- 337.03 Acres
- Lots / Land
- Active
Listed by: sureka pothapu
Office: people's choice realty svc llc.
MLS#:TB8435870
Source:MFRMLS
Price summary
- Price:$10,260,000
About this home
Property Overview
Discover a rare investment opportunity with two expansive 500-acre parcels located in Vero Beach, Florida. These properties boast a remarkable one-mile frontage on the highly traveled State Highway 60 at the intersection of 154th Avenue, providing outstanding visibility and accessibility. The west side of the combined parcels features an impressive 1.5-mile frontage along paved 154th Avenue, offering multiple points of entry and enhancing the land’s future development potential.
Strategic Location
Situated just minutes from a major full interchange on Interstate 95, these parcels are less than 30 minutes from Vero Beach’s pristine, sprawling beaches. This strategic location ensures exceptional connectivity for logistics, commercial activity, and future residents, making the property ideal for a wide range of uses.
Current Income and Investment Appeal
Both parcels are currently leased to a reputable sod farm under a 10-year , yielding $480,000 in annual income with yearly escalations. This arrangement provides investors with a reliable, stable revenue stream while the land value continues to appreciate. The lease structure allows buyers to benefit from cash flow and potential tax advantages in the short term, while positioning for long-term capital growth.
Future Development Potential
With a one-mile frontage on State Highway 60 and close proximity to Interstate 95, these properties are prime candidates for rezoning to higher-value uses. The large road frontages and accessibility support a variety of future commercial, industrial, or residential projects. As transitional land, the parcels are well-suited for investors seeking to land bank and benefit from the region’s ongoing growth.
Opportunity Zone Advantages
Located within a federally designated Opportunity Zone, investors may be eligible for significant capital gains tax savings. This designation offers additional incentives for long-term investment and development, further enhancing the appeal of these properties for those seeking optimal returns.
Flexible Purchase Options
The two 500-acre parcels can be acquired together or separately, providing flexibility for both institutional and individual investors. This adaptability makes the offering suitable for a range of strategies, from large-scale development to long-term land banking.
Key Features Summary
• Two contiguous 500-acre parcels (1,000 acres total) in Vero Beach, FL
• One-mile frontage on State Highway 60 at 154th Avenue intersection
• 1.5-mile frontage on paved 154th Avenue (west side)
• Minutes from Interstate 95 interchange; less than 30 minutes to Vero Beach
• Currently leased to sod farm: $480,000/year income with escalation
• Located in an Opportunity Zone for potential tax savings
• Excellent fit for long-term investors and land bankers
• Parcels may be sold together or separately
Please contact for additional details. Information provided herein is from sources deemed reliable but not guaranteed and is provided without the intention that any buyer rely upon it. Listing Broker takes no responsibility for its accuracy and all information must be independently verified by buyers....
Contact an agent
Home facts
- Listing ID #:TB8435870
- Added:173 day(s) ago
- Updated:March 31, 2026 at 12:52 PM
Structure and exterior
- Lot area:337.03 Acres
- Levels:1 Story
Finances and disclosures
- Price:$10,260,000
- Tax amount:$57,090 (2024)
Features and amenities
- Amenities:Electricity Available
- Pool features:Public Pool
New listings near 1705 150th Ave
- New
$615,000Active3 beds 2 baths1,581 sq. ft.5520 N Harbor Village Drive #105, Vero Beach, FL 32967
MLS# 296136Listed by: ENGEL & VOELKERS VERO BEACH - New
$887,777Active2 beds 2 baths1,633 sq. ft.8880 N Sea Oaks Way #302, Vero Beach, FL 32963
MLS# 296184Listed by: SUSIE WILSON REAL ESTATE PA - New
$279,999Active2 beds 2 baths1,120 sq. ft.1125 SW 15th Ave Sw, Vero Beach, FL 32962
MLS# A11992065Listed by: REAL ESTATE SALES FORCE - New
$349,000Active3 beds 2 baths1,686 sq. ft.1850 25th Avenue, Vero Beach, FL 32960
MLS# 296125Listed by: COMPASS FLORIDA LLC - New
$1,895,000Active3 beds 2 baths1,440 sq. ft.12576 Highway A1a, Vero Beach, FL 32963
MLS# 296129Listed by: ONE SOTHEBY'S INT'L REALTY - New
$1,975,000Active5 beds 3 baths2,575 sq. ft.706 Hibiscus Lane, Vero Beach, FL 32963
MLS# 296179Listed by: ONE SOTHEBY'S INT'L REALTY - New
$699,000Active3 beds 3 baths2,648 sq. ft.1209 River Wind Circle, Vero Beach, FL 32967
MLS# B26008848Listed by: BERKSHIRE HATHAWAY FLORIDA - New
$13,750,000Active6 beds 8 baths6,672 sq. ft.3756 Ocean Drive, Vero Beach, FL 32963
MLS# 296158Listed by: ONE SOTHEBY'S INT'L REALTY - New
$899,000Active3 beds 3 baths2,618 sq. ft.510 Caroline Drive, Vero Beach, FL 32968
MLS# 296180Listed by: RE/MAX CROWN REALTY VB - New
$1,495,000Active3 beds 3 baths2,800 sq. ft.250 Ocean Beach Trail, Vero Beach, FL 32963
MLS# 296171Listed by: DALE SORENSEN REAL ESTATE INC.