Fully Permitted Development Opportunity In Affluent Vero Beach Corridor

Highlights:

• Shovel-Ready & Fully Permitted – Fully entitled with all necessary approvals secured, allowing for immediate construction in a prime location.
• Avoid Entitlement Risk – Developing in this highly coveted Vero Beach corridor presents extremely high barriers to entry, with stringent approval processes from both Indian River County and the Indian River Land Trust. Few projects successfully navigate the complex entitlement landscape, making fully permitted sites like this exceptionally rare. With all easements negotiated and approvals secured, this shovel-ready opportunity eliminates the typical hurdles, allowing for immediate construction in one of the most exclusive and supply-constrained markets in Florida.
• Luxury Residential Boom – The area is experiencing a surge in high-end residential development, including a nearby ultra-luxury apartment and townhouse community with rents starting at $5,500 per month, underscoring the explosive demand for upscale rentals.
• New Air Travel Hub – Vero Beach Regional Airport has secured a new contract with Breeze Airways, offering direct service to multiple destinations in New York, Connecticut, Washington, D.C., Boston, and Canada, significantly enhancing accessibility for residents and visitors alike.
• Immediate Beach Access – Merrill P. Barber Bridge provides a direct connection to Vero Beach’s world-class beaches and North Hutchinson Island, further elevating the desirability of this location.
• Proximity to Major Employers, Retail, & Dining – Cleveland Clinic Indian River Hospital, Piper Aircraft Headquarters, and the area’s growing corporate sector drive demand for premium rental housing. Minutes from Miracle Mile, Indian River Mall, Vero Beach Outlets, and the high-end shopping and dining along Ocean Drive.

Description:

Seize the opportunity to develop Oak Lake Apartments, a fully-permitted, shovel-ready luxury multi-family community in the heart of Vero Beach. Located at 3780 Indian River Blvd, this 7.63-acre site is approved for 59 upscale residential units across three 3-story buildings, complete with detached garages, outdoor parking, a resort-style swimming pool, and thoughtfully preserved wetland areas.

Strategically positioned in the prestigious Indian River Boulevard corridor, Oak Lake Apartments offers unparalleled access to Vero Beach’s most desirable amenities.

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