29.42 acres In the OPPORTUNITY ZONE – New Land Dev. Regulations have been established. Many surrounding properties are now in planning and development phase. This Waterfront Commercial Acreage has OCEAN ACCESS. ”Mixed Use” options for density allow for 20+ units per acre. Opportunity Zone provides tax deferment for up to 10 yrs. MANY Use includes… Residential, Marina, Mixed Use Residential, Multi family, Hotel, Condo, Restaurant, and more. The Okeechobee Waterway is part of a 154 mile passage that goes from the St Lucie Inlet to the Gulf of Mexico at Ft Myers. The land currently has an agricultural exemption.