1038 37th S Street, Fort Pierce, FL 34947 (MLS# R11165411)

$599,000

1038 37th S Street
Fort Pierce, FL 34947
MLS# R11165411

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Property Description
Prime 5.28± acre infill development opportunity in the City of Fort Pierce, positioned for multifamily or rental housing with Residential Low-Density (RL) Future Land Use supporting approximately 31 units. Current E-3 zoning allows ~15 units by right, creating a compelling rezoning pathway to align with FLU and maximize density. Centrally located near major employment hubs including Lawnwood Regional Medical Center and Indian River State College, the site is well-situated for workforce housing, townhome development, or build-to-rent communities. READ MORE BELOW.

Details

Maps

Contract Information

Comp Sale YN: No

Listing Date: 2026-02-20

Status: Active

Original List Price: 599000

List Price: $599,000

Current Price: $599,000

LP/Acre: 113446.97

Location and Legal

Country: United States

County Or Parish: St. Lucie

County Parish Name: St Lucie

Street Number: 1038

Street Name: 37th S

Street Suffix: Street

City Name: Fort Pierce

State Or Province: FL

Postal Code: 34947

Postal Zip: 34947

Subdivision Name: METES AND BOUNDS

Area: 7060

Geographic Area: SL07

Elementary School: Weatherbee

Middle Or Junior School: Dan Mccarty

High School: Fort Pierce Westwood Academy

Parcel Number: 241721300010007

Zoning: E3

General Property Information

Property Sub Type: Unimproved Land

Number Of Lots: 1

Lot Size Acres: 5.28

Lot Size Square Feet: 229997

Direction Faces: West

LP/SqFt: 2.6

Short Sale Details

Short Sale Addendum: No

Financial Information

Tax Year: 2025

Tax Annual Amount: 7954.93

Tax Legal Description: 17 35 40 SW 1/4 OF NE 1/4 OF NW 1/4-LESS N 445 FT AND LESS W 40 FT- AND NW 1/4 OF SE 1/4 OF NW 1/4-LESS S 500 FT AND LES

Status Change Information

Major Change Timestamp: 2026-02-23T08:15:27Z

Major Change Type: New Listing

Status Change Date: 2026-02-23

Originating Details

Originating System Key: 20260220023435154439000000

Originating System ID: M00000170

Property Features

Association Amenities: None

Current Use: Multi-Family; Single Family; Unimproved

Development Status: Raw Land

Documents Available: Plans; Survey

Location of Property: City Location; County Location

Possession: Close Of Escrow

Possible Use: Single Family

Trees: None

Utilities: Sewer Available; Water Available; None

Vegetation: Grassed; Palmetto

Listing Terms: Cash; Conventional

Road Frontage Type: West of US-1

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Water Source: Public; Well

Showing Requirements: Schedule Online; Sign On Property; Text Listing Agent

Acreage Description: 3 To Less Than 4 Acre Lot; 4 To Less Than 5 Acre Lot; 5 To Less Than 10 Acre Lot

Supplements

Fort Pierce is undergoing significant transformation driven by major public and private investment. The planned King's Landing mixed-use redevelopment is a $155M project that will introduce hospitality, residential, retail, and dining along the waterfront, reinforcing downtown as a regional destination. Ongoing Downtown and Marina Square revitalization efforts continue to enhance connectivity, public spaces, and waterfront activation. The proposed Koa Bay surf park and lifestyle development is a $650M project expected to deliver a large-scale mixed-use environment featuring residential, hospitality, and recreation, further elevating the city's profile as a tourism and lifestyle hub. In addition to destination projects, Fort Pierce's economic base continues to expand with the Derecktor Fort Pierce superyacht refit facility at the Port, establishing the area as a premier marine service hub and generating sustained demand for workforce and rental housing. Proximity to major employment centers including Lawnwood Regional Medical Center and Indian River State College further strengthens long-term housing demand fundamentals. Strategically positioned near major corridors with convenient access to Downtown Fort Pierce, the waterfront, and regional transportation routes, this parcel offers developers the opportunity to capitalize on a growing market supported by infrastructure investment, job creation, and destination-driven growth.

Listing Office: Illustrated Properties/Sewalls

Last Updated: October - 29 - 2026

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