$7,000,000

Estimated payment $44,080/month

Total Views 1,994
20.74 Acres
$337,512 Price per Acre
903,434 Sq Ft Lot

About This Lot

Exceptional Oceanfront Development Opportunity on Hutchinson IslandA rare and extraordinary opportunity awaits to develop eight premier direct oceanfront estate lots at Pelican Reef, an exclusive enclave boasting approximately 600 feet of spectacular Atlantic shoreline. What truly sets this opportunity apart is the unparalleled clarity of the water--often compared to, and arguably even clearer than, the turquoise blues of the Bahamas. It's an oceanfront unlike any other in Florida.Pelican Reef is a boutique coastal community uniquely nestled between the Atlantic Ocean and a protected natural preserve that extends to the Intracoastal Waterway--offering both seclusion and unobstructed views of Florida's unspoiled beauty. Situated on coveted Hutchinson Island, a pristine barrier

Listing Agent

Andrew W

Illustrated Properties LLC (Jupiter) License #0708409 Listed on: 07/02/2025

Illustrated Properties LLC (Jupiter)

Co-Listing Agent

Milla Russo

Illustrated Properties LLC (Jupiter) License #3108017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $71,262

Lot Details

  • 20.74 Acre Lot
  • Beach Front
  • Property is zoned HutchI

Community Details

  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 253234100020002

Property Details

Property Type

Land

Est. Annual Taxes

$71,262

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: Beach Front
  • Waterfront: Yes

Lot Info

  • Parcel #: 253234100020002
  • Development Status: Raw Land
  • Lot Size: 5 to 10 Acres
  • Lot Size Sq Ft: 903434.0
  • Zoning Description: HutchI

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 71262.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $72,112 $3,726,700 $3,726,700 --
2023 $72,112 $3,726,700 $3,726,700 $0
2022 $40,726 $2,568,100 $2,568,100 $0
2021 $34,051 $1,679,900 $1,679,900 $0
2020 $28,932 $1,409,600 $1,409,600 $0
2019 $29,295 $1,409,600 $1,409,600 $0
2018 $27,229 $1,409,600 $1,409,600 $0
2017 $24,653 $1,216,500 $1,216,500 $0
2016 $24,414 $1,216,500 $1,216,500 $0
2015 $24,998 $1,216,500 $1,216,500 $0
2014 $24,572 $1,216,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $7,000,000 -- --
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $5,100,000 Christopher J Twohey Pa
Special Warranty Deed $2,100,000 Attorney
Special Warranty Deed $2,100,000 None Listed On Document
Warranty Deed $500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,100,000 Seller Take Back
Previous Owner $390,000 Purchase Money Mortgage
Source: Public Records

Source: BeachesMLS

MLS Number: R11104749

BeachesMLS

APN: 25-32-341-0002-0002