4302 Gator Trace DrFort Pierce, FL 34982

Property Details for 4302 Gator Trace Dr

Year built

2014

Lot size

4.95 AC

Zone code

PLANNED DE

Property type

Research & development properties

APN

2435-231-0002-000-6

APU

243523100020006

Description

Exceptional investment opportunity in Fort Pierce, Florida, presenting a site plan approved October 2024 for a 67-unit townhome development within the prestigious Gator Trace Golf & Country Club. This 6.94-acre parcel (APN: 2435-311-0001-000\/4 & 2435-243-0001-000\/6) is zoned PD and offers stunning golf course views for all units. The approved plans include two townhome layouts: a 3-bedroom, 2.5-bathroom, 1-car garage unit of approximately 1700+ square feet, and a larger 3-bedroom, 2.5-bathroom, 2-car garage corner unit of approximately 2000+ square feet. The seller will provide fully approved civil engineering documents. The Gator Trace Master Association fee is $356 quarterly, and residents enjoy access to an 18-hole championship golf course, restaurant, and bar. This development presents a unique opportunity to capitalize on the strong demand for townhomes in this desirable golf course community. Located at 4302 Gator Trace Dr, Fort Pierce, FL 34982, this property is owned by a corporation. Asking price is $2,999,000.

• CAP approach

  CAP return

  Valuation

  6%

  $181,907,000

  6.5%

  $167,914,000

  7%

  $155,920,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,942,700

  Geo Method

  $87,942,700

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $87,091,200

  Mixed-Use / Specialty

  $87,557,500

  Hospitality / Lodging

  $65,249,500

  Office

  $87,846,400

  Institutional / Educational

  $91,302,100

  Residential Income

  $106,823,000

  Multifamily

  $123,812,000

  Automotive / Energy

  $78,258,900

  Parking / Income-Based Land

  $26,238,800

  Restaurant / Food Service

  $47,197,100

  Healthcare / Senior Housing

  $88,992,000

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.3864

Longitude

-80.3095

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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