River Peninsula Estate

About River Peninsula Estate

Cushman & Wakefield is privileged to present the River Peninsula Estate, a five-parcel assemblage that forms its own peninsula on the Indian River Lagoon, very nearly surrounded by water, at 12505, 12519 and 12535 Highway A1A on the north end of Vero Beach’s barrier island.

The holding totals 8.33 acres of upland and 7.11 acres of submerged land, with roughly 2,820 feet of prime river frontage and 300 feet of sandy beach wrapping the peninsula. There are virtually no comparable parcels of this size on the Intra-coastal Waterway from Vero Beach to Miami. The submerged land conveys in fee simple, owned outright rather than leased from the State, which lends to both a beautiful estate site as well as a genuine marina opportunity.

An 8,638 square foot residence, built in 1989 and impacted by the 2004 storm season, sits on the upland. It establishes an in-place footprint while a new owner pursues the property’s highest use. The land supports several paths: a private multigenerational family compound, an enclave of riverfront estate homes or with a zoning amendment a condominium development with upwards of 24 units. Moreover, the submerged land presents the unique opportunity to create a multi-slip marina with the proper approvals.

The setting is the final piece. The peninsula sits among the north island’s most prestigious addresses, minutes from the Windsor Club, Orchid Island, and Sebastian Inlet, and roughly two miles from Pelican Island, the first national wildlife refuge in the country. It is private, protected, and very nearly impossible to replicate.

The offering represents an opportunity to acquire a truly unique, peninsular waterfront assemblage with an array of development possibilities.

*This property can be purchased together with the 8.63+/- acre Grand Ocean Front & River Estate to amass one of the largest privately owned waterfront assemblages in Southern Florida.