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8308 S Ocean Dr
About This Property
A rare opportunity awaits at 8038 S Ocean Drive-undeveloped land in a coveted coastal setting where possibility meets paradise. Imagine creating a spectacular custom residence designed entirely around your lifestyle, with the effortless elegance and undeniable allure of South Florida living as your backdrop.
This is more than land. It's a blank canvas for something extraordinary-a private coastal escape, an architectural statement, a place where sun-soaked days, ocean breezes, boating, beaches and unforgettable evenings become part of everyday life.
Opportunities to create from the ground up in premier coastal locations are increasingly rare. Claim the address. Create the vision. Live the lifestyle.
Buyer to independently verify zoning, permitted uses, building requirements, utilities, environmental conditions, lot dimensions and development potential with the appropriate authorities.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Listed by The Dupree Team / Keyes | $2,350,000 | |
| Listed by The Dupree Team / Keyes | |||
| Dec 3, 2025 | Listed | $2,850,000 | |
| Listed | |||
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Ocean-to-riverfront living at its best in the exclusive gated community of Diamond Sands on Hutchinson Island - PLUS it comes with two deeded boat slips in the marina. Situated between the Stuart and Fort Pierce Inlet, this rare over half acre homesite offers breathtaking sunrise ocean views and serene sunset river vistas. Build your custom luxury estate steps from the beach with private community access. Across the street, enjoy the two deeded boat slips in the residents-only marina. Each deep water slip has electric, water and can accommodate a lift, perfect for yachts, weekend cruising, or endless fishing adventures. Located near restaurants, shopping and entertainment in both Jensen Beach and Stuart, FL. A true coastal paradise combining privacy, prestige, and the ultimate Florida lifestyle on the Treasure Coast. Custom Builder referrals can be provided.
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| Jun 4, 2009 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
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About South Hutchinson Island
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The Dupree Team / Keyes
Last Updated: 2 months ago
Data Source: Miami MLS, MLS# A12097178
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