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201 Mediterranean Way

Indian Harbour Beach FL 32937

57064 sq. ft.
Land
Currently for sale - view listing

Overview

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.

Features

57064 sq. ft. lot size
Land

Happy sellers in Indian Harbour Beach

87%
87% of sellers in Indian Harbour Beach reported that their sale price either exceeded or met their price expectations.

Indian Harbour Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Indian Harbour Beach over the last 12 months.

Local market activity for land plots in Indian Harbour Beach

In the last 12 months, 4 land plots similar to 201 Mediterranean Way, have been sold.

This represents a 33% decrease in land plots sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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