2507 N Ocean Drive, Hutchinson Island, FL 34949 (MLS# R11016392)

2507 N Ocean Drive, Hutchinson Island, FL 34949

$1,790,000

Property Type: Residential Income Square Footage: 5,958 Status: Active

Current Price: $1,790,000 List Date: 8/29/2024 Last Modified: 4/09/2026

Overview

Description

Attention investors! This fully turnkey vacation rental offers an exceptional opportunity with a NOI of over $92,000 annually!!. Located on North Hutchinson Island, this property isn't just a smart investment—it's a chance to own a slice of paradise with strong financial returns. Currently a high-demand rental on Airbnb, VRBO, and Booking, this home enjoys impressive occupancy rates and a loyal repeat guest base. Situated in a tranquil setting, it's just a 5-minute walk to the breathtaking 10-mile stretch of Hutchinson Island beach. Don't miss out on this proven income-generating property in one of Florida's most desirable coastal destinations! Situated in a prime location on North Hutchinson Island, this property is not just an investment—it's a vacation paradise

Listing Details MLS# R11016392

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 5958
Building Area Source: Owner
Living Area Main: 4396
Year Built: 1976
Gated Community YN: No
Lot Size Area: 13939
Lot Size Acres: 0.32
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: Bike Storage; Bocce Ball; Jogging Path; Storage; Trail(s) Documents Available: Inventory Exterior Features: Custom Lighting; Outdoor Shower Flooring: Tile Property Condition: Resale Structure Type: Quadruplex Tenant Pays: None Source Of Expenses: Owner Provided Construction Materials: Block; Concrete Cooling: Ceiling Fan(s); Central Individual; Electric Heating: Central Individual Listing Terms: Cash; Conventional Lot Features: Room for Pool Restrictions: No Restrictions Road Surface Type: Paved Roof: Metal Sewer: Septic Tank Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: Homestead Exemption Utilities: Water Available View: Garden Water Access: Ocean Access Water Source: Public Window Features: Blinds Showing Requirements: 24 Hour Notice; Appointment Only; Schedule Online; See Remarks Outdoor Living Spaces: Deck; Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Interior Features: Built-in Shelves; Cathedral/Vaulted Ceiling(s); Pantry Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Interior Features: Built-in Shelves; Cathedral/Vaulted Ceiling(s); Pantry Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Interior Features: Built-in Shelves; Cathedral/Vaulted Ceiling(s); Pantry Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen; Laundry Room Unit 4 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Washer Unit 4 Interior Features: Built-in Shelves; Cathedral/Vaulted Ceiling(s); Pantry Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen; Laundry Room Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2400000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: St. Lucie
County Parish Name: St Lucie
Street Number: 2507
Street Direction Prefix: N
Street Name: Ocean
Street Suffix: Drive
City Name: Hutchinson Island
State Or Province: FL
Postal Code: 34949
Postal Zip: 34949
Subdivision Name: FORT PIERCE SHORES
Area: 7020
Geographic Area: SL09
Elementary School: Weatherbee
Middle Or Junior School: Dan Mccarty
High School: Fort Pierce Westwood Academy
Special Assessment YN: No
Parcel Number: 142560300100002
Zoning: HutchI
Directions: From Fort Pierce US HWY 1: North 4th Street, take right to N Causeway (A1A), continue on A1A/Shorewinds Dr., corner turn on N Ocean Drive.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 19794
Tax Year: 2023
Tax Legal Description: FORT PIERCE SHORES-UNIT 3- BLK 8 LOT 9

Status Change Information

Major Change Timestamp: 2025-12-16T06:00:00Z
Major Change Type: Status Change
Price Change Timestamp: 2025-12-03T19:05:11Z
Status Change Date: 2024-08-29

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 172000
Gross Income: 264000
Net Operating Income: 92000

Storm Protection

Panel Shutters: Complete

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Baths Full: 2
Furnished: Furnished
SqFt: 1100
Actual Rent: 0

Unit 2 Details

Baths Full: 2
Furnished: Furnished
SqFt: 1100
Actual Rent: 0

Unit 3 Details

Baths Full: 2
Furnished: Furnished
SqFt: 1100
Actual Rent: 0

Unit 4 Details

Baths Full: 2
Furnished: Furnished
SqFt: 1100
Actual Rent: 0

Price Calculations

Current Price To SqFt: 407.18

Originating Details

Originating System Key: 20240822202843524585000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Bike Storage: Yes
Bocce Ball: Yes
Jogging Path: Yes
Storage: Yes
Trail(s): Yes

Exterior Features

Custom Lighting: Yes
Outdoor Shower: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Inventory: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

None: Yes

Sewer

Septic Tank: Yes

Utilities

Water Available: Yes

View

Garden: Yes

Heating

Central Individual: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

Ocean Access: Yes

Window Features

Blinds: Yes

Construction Materials

Block: Yes
Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Room for Pool: Yes

Road Surface Type

Paved: Yes

Roof

Metal: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Central Individual: Yes
Electric: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Schedule Online: Yes
See Remarks: Yes

Restrictions

No Restrictions: Yes

Tax Information

Homestead Exemption: Yes

Outdoor Living Spaces

Deck: Yes
Patio: Yes
Porch: Yes

Patio Details

Patio - Open: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Interior Features

Built-in Shelves: Yes
Cathedral/Vaulted Ceiling(s): Yes
Pantry: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Built-in Shelves: Yes
Cathedral/Vaulted Ceiling(s): Yes
Pantry: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Interior Features

Built-in Shelves: Yes
Cathedral/Vaulted Ceiling(s): Yes
Pantry: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 3 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 3 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 4 Interior Features

Built-in Shelves: Yes
Cathedral/Vaulted Ceiling(s): Yes
Pantry: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 4 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes

Unit 4 Rooms

Kitchen: Yes
Laundry Room: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Documents

Financials 2023 and 2024 ›

Quarterly expenses 2023 and 2024 ›

Upgrades and Updates 2024 ›

AirBnB - Tropical Beach Oasis_ 2bd_2ba ›

Booking.com Tropical Beach Oasis ›

Listing Office: Compass Florida, LLC (Jupiter)

Last Updated: April - 09 - 2026

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