1705 150th Ave, Vero Beach, FL 32966
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
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:169 day(s) ago
- Updated:March 26, 2026 at 07:53 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
$399,000Active2 beds 3 baths1,581 sq. ft.4805 Wood Duck Circle #61, Vero Beach, FL 32967
MLS# B26007394Listed by: BERKSHIRE HATHAWAY FLORIDA - New
$550,000Active3 beds 2 baths1,885 sq. ft.1650 Segovia Circle, Vero Beach, FL 32966
MLS# 296091Listed by: BILLERO & BILLERO PROPERTIES - New
$329,500Active4 beds 3 baths1,548 sq. ft.2021 Balboa Avenue, Vero Beach, FL 32960
MLS# 296098Listed by: BILLERO & BILLERO PROPERTIES - Coming Soon
$469,000Coming Soon2 beds 3 baths1432 Saint Davids Lane, Vero Beach, FL 32967
MLS# 296100Listed by: DOUGLAS ELLIMAN FLORIDA LLC - Open Sat, 11am to 2pmNew
$339,900Active4 beds 2 baths1,846 sq. ft.1591 SW Lexington Sq Square Sw, Vero Beach, FL 32962
MLS# B26007308Listed by: WEICHERT REALTORS HALLMARK PR - New
$485,000Active2 beds 2 baths1,879 sq. ft.5935 Wild Olive Way, Vero Beach, FL 32966
MLS# 296073Listed by: EXIT RIGHT REALTY - New
Listed by ERA$219,000Active2 beds 2 baths1,035 sq. ft.2308 57th Circle #2308, Vero Beach, FL 32966
MLS# B26007139Listed by: ATLANTIC SHORES ERA POWERED - Open Sat, 11am to 1pmNew
$650,000Active5 beds 3 baths3,698 sq. ft.1120 Amethyst Drive Sw, Vero Beach, FL 32968
MLS# 296061Listed by: COMPASS FLORIDA LLC - New
$100,000Active0.88 Acres4140 48th Street, Vero Beach, FL 32967
MLS# 296095Listed by: EXIT RIGHT REALTY - New
$575,000Active3 beds 2 baths1,915 sq. ft.2064 Atlantic Boulevard, Vero Beach, FL 32960
MLS# B26007135Listed by: EXIT RIGHT REALTY