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E 98th AveVero Lake Estates, FL 32967
Venetian Grove
Asset ClassMultifamily
# Buildings: 251AVG SF: 1,622Land: 73.3 AcresAccess Data Room
JUST LISTED | a 251 Unit Class A+ BTR Community | Forward Sale Opportunity | Vero Beach, FL
overview of deal

Overview

CALL FOR OFFERS: JUNE 12, 2025

 

Franklin Street is pleased to present Venetian Grove, a 251-home Build to Rent, Forward Sale opportunity located in Vero Beach, FL - one of Southeast Florida’s most promising and rapidly growing submarkets.

This property is strategically positioned near major transportation corridors, offering convenient access to I-95, State Road 60, and the Vero Beach City Center. Just minutes from essential amenities and infrastructure, the property is surrounded by nationally recognized retailers such as Publix, Starbucks, and Lowe’s, along with diverse dining

options and local parks.

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Investment Highlights

  • Opportunity to Acquire 251 Build to Rent Homes Built by the Nation’s Largest Homebuilder, D.R. Horton
  • Situated in a Qualified Opportunity Zone (QOZ), the Offering Presents a Rare Chance to Capture Both Tax Advantages and Long-Term Growth
  • Part of a Larger Three Phase Master Planned Community with Other Two Phases Being For Sale Homes
  • BTR Pod Will be Removed from Master HOA with No Obligation of Payment Towards Master HOA Beginning at PSA Execution
  • BTR Pod Will Have its’ Own HOA That the Buyer Can Dissolve After Closing on the Last Units Eliminating $6K in Annual HOA Management Expense
  • No Other Competing Purpose Built BTR Product in Indian River County
  • High-Quality Concrete Block Construction
  • Rising Homewnership Costs and the Convenience of Maintenance Free Living are Driving Strong Demand for Build to Rent Properties
  • The Property is Being Offered at a Significant Savings Compared to Nearby Retail Homes, Which Have an Average Sales Price of $450,000+
  • Affluent Local Tenant Base with an Average Household Income of $114,000+ and a Net Worth of Nearly $2.2MM
  • Large, Open Concept Three, Four and Five-Bedroom Floorplans Averaging 1,622 Square Feet
  • Each Home Features an Attached, Direct Acccess One or Two-Car Garage and a Large Fenced-In Back Yard
  • Part of a Master Planned Community; Amenities Include Resort Style Swimming Pool, Pickleball Court, Bocce Ball Court and Playground
E 98th AveVero Lake Estates, FL 32967

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Listing provided by Revere CRE