1705 150th Ave, Vero Beach, FL 32966
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
1705 150th Ave,Vero Beach, FL 32966
$10,260,000
- 513 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:232 day(s) ago
- Updated:May 29, 2026 at 12:26 PM
Structure and exterior
- Lot area:513 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
$405,000Active5 beds 3 baths1,816 sq. ft.5937 Ridge Lake Circle, Vero Beach, FL 32967
MLS# 1077465Listed by: EXP REALTY, LLC - New
$450,000Active5 beds 3 baths2,704 sq. ft.5580 45th Avenue, Vero Beach, FL 32967
MLS# B26034005Listed by: LPT REALTY, LLC - New
$325,000Active2 beds 2 baths1,398 sq. ft.590 26th Court, Vero Beach, FL 32962
MLS# B26033879Listed by: CUSTOM REAL ESTATE SRVCS IRC - New
$799,000Active3 beds 2 baths1,958 sq. ft.1330 St Catherine's Circle, Vero Beach, FL 32967
MLS# B26033683Listed by: REAL ESTATE EXPO INC - New
$324,865Active3 beds 2 baths1,504 sq. ft.9597 Venetian Square, Vero Beach, FL 32966
MLS# B26033637Listed by: D.R.HORTON REALTY OF MELBOURNE - New
$339,985Active4 beds 2 baths1,665 sq. ft.9633 Venetian Square, Vero Beach, FL 32966
MLS# B26033639Listed by: D.R.HORTON REALTY OF MELBOURNE - New
$364,000Active3 beds 2 baths1,672 sq. ft.9061 Venetian Square, Vero Beach, FL 32966
MLS# B26033640Listed by: D.R.HORTON REALTY OF MELBOURNE - New
$379,000Active4 beds 2 baths1,828 sq. ft.9069 Venetian Square, Vero Beach, FL 32966
MLS# B26033642Listed by: D.R.HORTON REALTY OF MELBOURNE - New
$409,000Active5 beds 3 baths2,077 sq. ft.9085 Venetian Square, Vero Beach, FL 32966
MLS# B26033643Listed by: D.R.HORTON REALTY OF MELBOURNE - New
$325,000Active2 beds 2 baths1,486 sq. ft.5045 Harmony Circle #209, Vero Beach, FL 32967
MLS# B26033448Listed by: COLDWELL BANKER PARADISE