Land For Sale • 0.64 AC
Banyan Groves is a ±0.64-acre, fully site plan approved mixed-use development site located at a prime corner in Hobe Sound’s Central Business District. Entitlements are in place for a boutique project featuring six luxury townhomes and an ±8,300 SF mixed-use building with ground-floor retail/restaurant and residential units above. Positioned between affluent enclaves such as Jupiter Island and premier golf destinations including Grove XXIII, the site benefits from exceptional demographics and demand. With no comparable projects in the pipeline and strict Smart Growth regulations limiting future development, Banyan Groves offers a rare, shovel-ready opportunity in a supply-constrained market.
| Shovel-ready, fully entitled mixed-use project in Hobe Sound's CBD, representing the only new construction delivered in the area in 20 years. |
| Six luxury townhomes fronting SE Bridge Road provide a near-term exit, returning all investor equity and fully retiring the construction loan. |
| Post-sellout, investors retain a newly constructed mixed-use asset financed with permanent fixed-rate debt and stabilized by diversified income. |
| Mixed-use project includes three high-quality apartments and three street-level commercial spaces, supporting durable NOI from various demand drivers. |
| On a premier corner lot between Jupiter Island and major westward luxury developments, benefiting from high-wealth concentration and low competition. |
| Final-stage site plan approvals, including completed South Martin Regional Utility approval, reduce entitlement risk and accelerate construction. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Palm Beach International | 47 min | - | 30.4 mi |