0 S Ocean Dr., Hutchinson Island, FL 34949

$9,250,000 · For sale · Unimproved Land

Listing courtesy of Serhant, helloflorida@serhant.com · MLS# B26090444

Listed Oct 20, 2026 · Updated Oct 20, 9:03 PM ET

home in Pelican Reef, Hutchinson Island, FL. HOA about $827 a month (includes Common Real Estate Tax). Waterfront. On the market since Oct 20, 2026 (24 days).

About this home

Ocean to Intracoastal and Shovel-Ready! Pelican Reef offers a development opportunity on Hutchinson Island: 20.97 acres across 8 total parcels, with 557 ft of direct Atlantic frontage and 500 ft of direct Intracoastal frontage. The 7.57-acre oceanfront site has been approved for 7 estate-sized luxury homes with building footprints ranging from 5,400 to 7,400 sqft, with utilities and infrastructure in place for immediate construction potential. Developers seeking greater density may apply for additional single-family homesites or a multi-family condominium plan, subject to approval. A 13.4-acre Intracoastal parcel under a conservation easement protects privacy and views for good, with a proposed boardwalk from S. Ocean Dr. to the water and up to 4 docks of two slips each, pending approval. In addition, property is bordered to the South by State-Owned and protected land further adding to the exclusivity and privacy for future Pelican Reef residents. Some photos have been virtually rendered to reflect the build out and completion of Pelican Reef with the approved and platted homesites in addition to the proposed dock configurations which are pending approval.

Facts

MLS#

B26090444

Status

Active

Days on market

24

Home type

Unimproved Land

Lot

20.97 ac

HOA

$827/mo

Waterfront

Yes

Taxes

$26,837 (2026)

Subdivision

Pelican Reef

Features

Interior

Property

Fencing

None

Water

Public

Sewer

Public Sewer

Subdivision

Pelican Reef

Listing

Listed

October 19, 2026

Financing accepted

1031 Exchange, Cash, Conventional, Private Financing Available

Tour this home

Brent Sharp, broker and owner of Sharp Real Estate Group LLC, can show you this home and tell you what it is likely worth before you offer. Call or text (772) 272-9571.

More homes for sale in Hutchinson Island, FL · Every Treasure Coast home for sale

IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. Listing data updated Nov 12, 7:21 PM ET from BeachesMLS.