Property 1500 SE Cove Road, Stuart, FL for sale with MLS# B26010503

This convenient location has been rezoned multi family by owner, Survey in hand! There are 3 houses on property presently considered teardown so ready to build! Electric and public water already on site! Access road off Cove Rd on Grace Lane for easy access and a separate driveway for each of the 4 proposed 1/2 acre lots on current survey. Owner had the property rezoned multi family through Martin County sectioning off property into 4 half acre parcels allowing 2 houses per each, one half the size of primary for total of 8 structures. Buyer and buyers broker to use due diligence for your intended purpose for property. Long side of property parallel with Grace Lane apx 620 feet has 6 ft white cement wall in place! THE SITE PLAN FOR THE 6 BUILDINGS IS NOT CLEARED BY THE COUNTY (CONCEPT ONLY)

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1500 SE Cove Road, Stuart, FL

Price
Price:
$1,950,000.00
Original List Price:
$1,950,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Contingency:
Pending
Special Sale Conditions:
Standard
Business Type:
Other
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
Status Change
Last Major Update on:
June 6, 2026 5:35 pm
Measures
Built-Up Area:
957 Sqft
Building Area Source:
Public Records
Lot Size Acres:
2.38
Property Features
Air Conditioning
Air Conditioning System:
Wall/window Unit(s)
Heating
Heating System:
Other
Construction
Year Built:
1981
Roof:
Other
Number of Buildings:
4
Number of Units Total:
3
Construction Materials:
Frame
Flooring:
Other
Number of stories:
1
Stories:
2
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$464.37
Tax Year:
2025
Tax Assessed Value:
$305,959.00
Parking
Parking Total Spaces:
10
Utilities
Sewer:
Septic Tank
Electric:
Three Phase
Utilities Available:
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water Source:
Public
Community
Senior Community:
No
Terms
Documents Available:
Other, Deed, Aerial Photo(s), Photos, Existing Survey, Title/abstracts
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
WACO FIELD PLACE LOT 8 (LESS BEG SW COR N 626.67' E 186.61' TO E/LN S 545.30' SW 203.80' TO POB & LESS R/W)
Real Estate Folio Number (Parcel Number):
343841001000000805
Zoning:
MULTIFAM
Listing History
Active on the market since:
April 3, 2026
Listing Agreement executed on:
April 2, 2026
Purchase Contract Date:
June 4, 2026
Listing Status Last Changed On:
June 6, 2026 5:35 pm
Photos updated on:
April 3, 2026 12:05 am
Last Modified:
August 5, 2026 9:46 am
Additional Information
Courtesy of:
Dalton Wade Inc
Attribution:
Not provided
Location
Street Name:
Cove
Street Number:
1500
City:
Stuart
State:
Florida
County:
Martin
Latitude:
N27° 7' 20.3''
Longitude:
W81° 45' 56.6''
Street Suffix:
Road
Street Direction Prefix:
SE
Property Map

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Association of REALTORS®
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