Ravinia Port St. Lucie_Property for Sale
Ravinia Port St. Lucie_Property for Sale
2935 Ashland Circle, Fort Pierce, FL, 34981, US

Ravinia Port St. Lucie

Asset Description

JLL Capital Markets is pleased to present the opportunity to acquire Ravinia St. Lucie, a 148-unit single-family home community with attached garages, built in 2024, located in Port St. Lucie – one of Florida’s fastest growing MSAs. The Property features large 3- and 4-bedroom floor plans, with 2-car garages, 2-car driveways, private entry, back patios, luxurious interiors, and premier concrete block construction. Ravinia St. Lucie offers premium amenities which include a private entrance, resort-style pool, playground, fitness center, and clubhouse. St. Lucie County which boasts an impressive $117,494 Avg. HHI, provides residents easy access to major employment hubs along Florida’s Treasure Coast and Palm Beach County (South Florida).

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Attributes

Number of units
148
Year built
2024
Building area net
20,611 m²

Media

Investment Highlights

  • CLASS-A SINGLE-FAMILY HOME COMMUNITY WITH AMENITIES
  • Ravinia St. Lucie’ 3- and 4-bedroom homes provide a genuine alternative to homeownership, making renting nearly $700/month more affordable than buying (without considering a hefty 20% downpayment needed to purchase a home).
  • OUTSTANDING SFR ASSET CLASS OUTLOOK
  • Green Street Advisors projects single-family rents to increase +4%/year over the next 5-years, significantly outperforming multifamily – driven by secular demand for larger format homes.
  • EXPLOSIVE POPULATION GROWTH
  • St. Lucie population has increased +33% since 2010 driven by growing employment in the medical, educational, manufacturing and distribution industries, coupled with significant migration from nearby expensive Palm Beach County.
  • TOP ACCESS TO EMPLOYMENT HUB, RETAIL & BEACHES
  • Excellent access to I-95 (8-min) and Florida Turnpike (3-min), offering immediate connectivity to St. Lucie Public Schools (5,250+ Employees), Cleveland Clinic Martin Health (1,545+ Employees), Walmart Distribution Center (1,270+ Employees), Publix-anchored St. Andrews Shopping Center, and Florida’s beautiful beaches.
  • DISCOUNT TO NEARBY HOMES WITHIN MASTER PLANNED COMMUNITIES
  • Ravinia St. Lucie presents an exceptional opportunity to acquire new construction concrete block homes at a significant discount to comparable homes in the immediate area, which are selling in the mid $400,000 range. 
Ravinia Port St. Lucie 4_Property for Sale

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Last updated
25 Sep 2024