7.9-Acre Residential Development Site sells in Hobe Sound

A 7.9-acre residential development site located in close proximity to US-1 in Hobe Sound, Florida, has been sold for $1,150,000 in an all-cash transaction.

The property is zoned to allow multifamily and related residential uses, presenting a strong development opportunity in a growing coastal submarket.

The transaction was brokered by Brian Schwan, who represented the seller, and Chris Belland, who represented the buyer.