47 Avenue, Stuart, FL 34997

$640000

280 X 300 Being 2 Acre total. LOCATED IN THE Port Salerno CRA (Community Redevelopment Area). Each Lot is approximately 1 acre in Size. Although the code allows for 10 units per acre, the Reality is a Density allowing for 8 units on each of the 1 acre lots. Thus a maximum of 16 units could be built on these 2 acres. Water and Sewer are available. However, in addition to the 16 units, each unit is allowed to have an accessory building (GUEST HOUSE) that may be occupied by a non-family member and guest house may be separately metered. Please refer to ARTICLE 12 of the Land Development Regulations for Community Redevelopment Areas within Martin County. Permitted uses include Single Family Residences, Townhouses, Duplex Note BUYER MUST AGREE TO PARTICIPATE IN AN 1RS 1031 EXCHANGE!*Please refer to Suppliments.

Listing office: Berkshire Hathaway Florida Rea

Last updated: 2022-07-15

Property Details

Features

Type:

Other

Feature List
  • Electric heating
  • Lot size is between 1 and 2 acres
Extra

Full Zip:

34997-

Community:

Salerno Small Farms

Tax Year:

2020

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The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor(R) Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Sailfish Realty of Florida are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.