2507 North Ocean Drive

Hutchinson Island, FL 34949

$2,400,000
Price
Beds
4,396 Sq. Ft.
$546 / Sq. Ft.
4,396
Sq. Ft.
$546
per Sq. Ft.

Description

INVESTORS, welcome to your turnkey investment property with a remarkable Net Operating Income of over $92,000 annually. Situated in a prime location on North Hutchinson Island, this property is not just an investment--it's an opportunity to own a piece of paradise with outstanding financial returns.This property is a high-demand rental on platforms like Airbnb, VRBO, and Booking/com, boasting impressive occupancy rates and a loyal repeat clientele. Nestled in a serene and peaceful area, it's just...INVESTORS, welcome to your turnkey investment property with a remarkable Net Operating Income of over $92,000 annually. Situated in a prime location on North Hutchinson Island, this property is not just an investment--it's an opportunity to own a piece of paradise with outstanding financial returns.This property is a high-demand rental on platforms like Airbnb, VRBO, and Booking/com, boasting impressive occupancy rates and a loyal repeat clientele. Nestled in a serene and peaceful area, it's just a short 5-minute stroll to the stunning 10-mile stretch of Hutchinson Island beach.

Listing Agents

  1. Harm Meyer

    Harm Meyer

    Alternative Listing Agent

    Compass

    harm.meyer@compass.com

    P: 360.473.9412

Property Details for 2507 North Ocean Drive

Subdivision
FORT PIERCE SHORES
Waterfront
No
Waterfront Details
Ocean Access
View
Garden
LISTING UPDATED: 09/06/2024 03:46 PM

Property Details for 2507 North Ocean Drive

StatusActive
MLS #RX-11016392
Days on Market36
Taxes$19,794 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1976
Lot Size0.32 AC / 13,939 SF
CountySt. Lucie County
Buyer's Agent Compensation2.5%

Building

Fort Pierce Shores

2 StoriesBuilt in 1976

Building Information for 2507 North Ocean Drive

Stories2Residences-Year Built1976Building Size-Lot Size0.32 AC / 13,939 SF

Property Information for 2507 North Ocean Drive

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: From Fort Pierce US HWY 1: North 4th Street, take right to N Causeway (A1A), continue on A1A/Shorewinds Dr., corner turn on N Ocean Drive.
  • Geo Area: St Lucie County 6010; 7010 7020
  • Special Info: Sold As-Is
  • Street Number: 2507
  • Subdivision Complex Bldg: FORT PIERCE SHORES
  • Municipal Code: Hutchinson Island
  • State: FL
  • City Postal ID: 34949
  • MLS Area: 7020
  • MLS Sub Area: SL09
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 7020
  • HOA Amenities: None
  • Lot Description: 1/4 to 1/2 Acre, Paved Road
  • Parcel ID: 142560300100002
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 5,958
  • Square Ft Source: Owner
  • Zoning: HutchI
Property and Assessments
  • Legal Desc: FORT PIERCE SHORES-UNIT 3- BLK 8 LOT 9
  • Sq Ft Liv Area: 4396.0
  • Legal Description: FORT PIERCE SHORES-UNIT 3- BLK 8 LOT 9
Utilities
  • Utilities: Public Water, Septic
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: Auto Sprinkler, Custom Lighting, Deck, Open Patio, Open Porch, Outdoor Shower, Room for Pool
  • Private Pool: No
  • Storm Protection: Panel Shutters: Complete
  • Subdiv Amenities: Bike - Jog, Bike Storage, Bocce Ball, Extra Storage, Fitness Trail
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Metal
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central Individual, Electric
  • Flooring: Tile
  • Heating: Central Individual
  • Window Treatments: Blinds
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $92,000.00
  • Income & Expenses: Annual Total Expense: $172,000.00
  • Income & Expenses: Gross Operating Inc: $264,000.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Built-in Shelves, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 2
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 7,000
  • Unit 1 Info: SqFt: 1100.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceilings, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 2
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $7,000
  • Unit 2 Info: SqFt: 1100.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 2
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $7,000.00
  • Unit 3 Info: SqFt: 1100.0
  • Unit 3 Parking: Open Parking, Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Full Bath: 2
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $7,000.00
  • Unit 4 Info: SqFt: 1100.0
  • Unit 4 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 2507 North Ocean Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2507 North Ocean Drive

Taxable ValueLand$362,200Additions$760,100Total$1,122,300
Tax Record2023$19,795 ($1,650 / month)
Home Facts
Baths8Total Finished SqFt4,396 SqFtAbove Grade Finished SqFt4,396 SqFtStories2Lot Size13,860 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976ZoningHUTCH ISLACountyST. LUCIEAPN1425-603-0010-000-2

Schools near 2507 North Ocean Drive

This home is within St. Lucie.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
St. Lucie Elementary School
PublicPK to 5

Lawnwood Elementary School
PublicPK to 5

Lakewood Park Elementary School
PublicPK to 5

Chester A. Moore Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2507 North Ocean Drive is a multi-family home for sale in Hutchinson Island, FL 34949. This property was listed for sale on August 29, 2024 by Compass, it's currently listed at $2,400,000. It has been on the market for a total of 36 days and was last sold on February 21, 2023. This listing's school district is St. Lucie. Nearby schools include St. Lucie Elementary School, Lawnwood Elementary School and Lakewood Park Elementary School. 2507 North Ocean Drive is a 0-bed, 0-bath, 4,396 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.