UPDATE – TOWN OF INDIAN RIVER SHORES, FL – Town accepts high bid at Saturday’s auction. Winning bid was $4.4 million with a buyer’s premium as an additional cost. The approval of the bid for property the Town previously had appraised at $7.7 million now moves to Indian River County.
A gorgeous 5.2 acre oceanfront property is being sold individually in 3 parcels and all three in combination with the highest priced method of sale being final, subject to Indian River Shores Town Council Confirmation. The auction is being held on May 6, 2017 at noon on the property. The Town is expected to review the auction results & make a determination to approve. Then the County gets to determine if it will utilize its first right of refusal on the property.
The property is zoned for up to 30 units (if all 3 lots are purchased.) This is most likely the way the properties will sell due to Indian River County not approving of more than one dune crossover to the beach. Most estate homes on the ocean want their own dune crossover to get to the beach directly from their homes.
FB Messenger me with the link to the right, or call me at 772-226-0431 for information on partnership and/or purchasing.