← Alpha board
ocean · Fort Pierce, St. Lucie County, FL
0 S Ocean Dr (parcel, listing ref B26027442), Hutchinson Island / Fort Pierce, FL
discoveredevidence: medium
diligence
model pb-score-v1
Deep-distress land bank on Hutchinson Island at a fraction of improved-lot value; renourished shoreline and insurance relief improve the medium-term buildability/exit case.
Asking price
$49,500
Suggested offer
$42,000
Do-not-exceed
$46,000
Renovation range
—
Visible scores — no black box
Asset — quality & scarcity85
Alpha — why the market is wrong74
Operating — durable use / income75
Risk — threats to capital (low is good)55
RealtyFund fit85
Composite74
Thesis
Named catalyst
Foreclosure-listed 18,295 sqft parcel on South Ocean Drive with beach access — lender-driven pricing on scarce barrier-island land adjacent to the Feb 2026 Fort Pierce Inlet beach nourishment
Revenue strategy
Land bank
Primary risks
- buildability unknown: wetlands, setbacks, coastal construction control line
- utilities/access unverified
- foreclosure title issues; beach access may be easement only
Evidence room
| Source | Kind | Retrieved | Link |
|---|---|---|---|
| Homes.com Fort Pierce foreclosures | listing | 2026-08-01 | open → |
| WQCS beach nourishment | news | 2026-08-01 | open → |
Next action
Qualified opportunities advance to RealtyFund diligence. Rehab routes to HomeManager / Handyman / ServiceEscrow; stabilized operations route to PropertyManagement.