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SVN | Saunders Ralston Dantzler Real Estate

The highest and best offers will be accepted until 5:00 pm EST on February 18, 2022.

The Basin 22 Mitigation Bank was established to meet the growing demand for mitigation credits in the service area roughly defined as the area from Melbourne to Fort Pierce, on the east coast of Florida. The Bank provides a means of offsetting the unavoidable impacts to aquatic resources within the basin as defined by federal, state, or local wetland regulations. As wetlands are impacted within the service area of the Bank, due to construction or other activities, those environmental impacts are offset, to the extent possible, by purchasing credits from the Basin 22 Mitigation Bank. The Bank has enhanced, preserved and created additional wetlands as a means of countering those offsite impacts and has been awarded substantial mitigations credits for their work which can be sold over time.

As wetlands are impacted within the service area, environmental consultants and regulators determine the required mitigation credits necessary to offset the impacts, based in part on acreage and the environmental importance of the wetland impacted. Those credits can be purchased from the Basin 22 Mitigation Bank with credits for starting at $160,000 per unit. A total of 297.32 State Credits and 257.91 Federal Credits have been released for sale with substantial additional credits available based on future enhancements to the Bank. An obligation of the Bank operators is to preserve, restore and maintain the bank properties in perpetuity to receive mitigation credits and are compensated through the sale of those credits.

SVN | Saunders Ralston Dantzler Real Estate has been retained by the Owner as the exclusive real-estate advisor and agent with respect to the sale of the Basin 22 Wetland Mitigation Bank.

Mitigation and Conservation
Basin 22 Wetland Mitigation Bank was permitted by the St. Johns River Water Management District in May 2015 under Permit# 123323-2. The established Wetland Mitigation Bank on the property has the potential for up to 660 total credits including 237  herbaceous and 422  forested credits, as additional improvements are implemented in the bank. In addition, the Bank has approvals from the U.S. Army Corps of Engineers for 736.88  federal freshwater UMAM credits. There are currently no other Wetland Mitigation Banks permitted in Basin 22, but limited exceptions are allowed.

Conditions are set forth in the permit for the establishment of Basin 22 Wetland Mitigation Bank and releasing credits that can be sold over time. Those conditions include placing and recording a conservation easement over the property, establishing financial assurances for construction, monitoring, maintenance and reporting, perpetual management, as well as implementing a work schedule that includes restoration, enhancement, preservation, and a prescribed fire program. Much of this work has been accomplished and additional credits will be released as further improvements and enhancements are completed.

The highest and best offers will be accepted until 5:00 pm EST on February 18, 2022. However, the sellers reserve the right to enter into an agreement for the sale of the property prior to or after this date. Any modification to this date, terms, and conditions are subject to change. Please refer to this listing webpage for any modifications.

To download more detailed information on this property, please register at properties.svn.com/1010048-sale or contact the listing brokers directly.

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Located West of I-95 in the St. John's Improvement District, this acreage has been cleared and bedded, ready for use. The property has a brand new (2023) pump station with an overall capacity of 2800 g.p.m. and mainlines installed, positioned for high-density planting. Specifically, the property is well prepared for the planting of tree crops such as citrus, peaches, mangoes, palm trees, and more. 

The St. Johns Improvement District provides road access to the property, drainage and irrigation water, a 1900 acre reservoir, road and canal maintenance as well as a drainage pump station with a capacity of 90,000 gpm that serves the property. The improvement district also has powers that will assist in future development such as the ability to finance through municipal bonds the construction of roads and other infrastructure for the 25,000 acre District.

Turn key bedded grove property ready for replanting. 
Well located in the St. Johns Improvement District
Access to stored surface water on 1800 acre reservoir
New Irrigation system



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The highest and best offers will be accepted until 5:00 pm EST on February 18, 2022.

Available for the first time in over 50 years, we are pleased to present the Corrigan Ranch for sale in Vero Beach, Florida. Located near the I-95 and SR60 interchange, the property provides a rare investment opportunity combining outstanding location, significant entitlements, and natural amenities.

The 5,849-acre parcel being offered is located just west of I-95 and is part of a larger acreage tract that straddles both sides of I-95. Of the portion of the ranch that is for sale, 2,146 acres make up the Basin 22 Wetland Mitigation Bank, leaving the remaining 3,703 acres available for development. The development acreage includes Future Land Use Entitlements allowing a mix of up to 9,300 housing units and up to 998 acres of Commercial and/or Industrial uses.

The propertys 2015 annexation into the City of Fellsmere provided a tremendous framework for a future community that preserves much of the natural beauty of the land while providing for the future growth of the area. The propertys 746 acres of Industrial lands is one of the largest contiguous parcels of the type in the state. This ideal location provides easy access to SR60, which bisects the state from Vero to Tampa and I-95 which traverses the entire east coast. With over 15,000 million people within a 150-mile radius, the property provides an ideal location for serving the growing needs of Central and South Florida. 

The property is a working cattle ranch with a beautiful mix of open pastures, pine forests, natural wetlands, and sand ridge. The beautiful, natural setting with abundant deer, turkey, quail, ducks, and other wildlife provide, outstanding conditions for an environmentally compatible community. In addition to the 2,146 acres of conservation lands on site, the property shares over 5.5 miles of border with state and federal conservation lands. Those lands provide the headwaters of the St. Johns River with over 200,000 acres of contiguous preservation lands and abundant recreational opportunities.

The existing agricultural operations, including cattle and sod, provide a source of income and tremendous tax benefits from the existing agricultural exemption. Prospective buyers can continue to operate the ranch or take advantage of a ready market for cattle and sod leases, which provide cash flow and maintenance to the property until alternative uses come to fruition.

History & Current Use
The Corrigan Family has been a landmark in the Florida ranching community for over 75 years after migrating from Texas in the mid-1900s. The family business originated in Midland, Texas and moved to Florida to start their Florida ranching business on four large land tracts. In 1964, the final 11 sections of the Vero Beach Ranch were purchased by Hugh and Clementine Corrigan from Alto Adams and has remained in the family since. Children, grandchildren, and great-grandchildren of the original owners still ride herd and run the daily working cattle ranching operations.

In the 1990s, three of the four original land tracks were sold. One of the three was sold for development and the other two were allocated for conservation lands, including lands that established the foundation of the St. Sebastian River Preserve State Park. A later purchase, of over 6,000 acres, in Okeechobee County was recently purchased by the State of Florida to be included in the Kissimmee Prairie State Park.

In the early 1970s, I-95 bisected the ranch and opened up access to the new I-95 and SR60 corridor. With nearly 9,000 acres of land, the entire ranch is reported to be the largest contiguous parcel of land along I-95 in the southern half of Florida.

Total Development Potential
In preparation for the next stage of the propertys history, the land was annexed into the City of Fellsmere in 2015. That agreement allows up to 13,261 total residential units and up to 12 million total SF of commercial, office, and industrial on the entire ranch, while requiring that at least 50% of the land remains in open space including 2,146 acres in preservation. The entirety of Corrigan Ranch encompasses nearly 9,000  acres. Many of the documents show this total acreage though only 5,849 acres is being offered at this time.

In addition to the annexation agreement in place, the friendly, small town environment of Fellsmere provides an atmosphere to work with local planners and managers to develop the site. An agreement with Indian River County for a new fire station as well as utilities to the property is in process.

The beautiful, natural landscape and abundant wildlife provides an outstanding environment for an eco-friendly community. Adding to the natural amenities of the property is over five and a half miles of border with state and federal conservation lands. Those lands provide the headwaters of the St. Johns River with over 200,000 acres of contiguous preservation and abundant recreational opportunities.

The highest and best offers will be accepted until 5:00 pm EST on February 18, 2022. However, the sellers reserve the right to enter into an agreement for the sale of the property prior to or after this date. Any modification to this date, terms, and conditions are subject to change. Please refer to this listings webpage for any modifications.

To download more detailed information on this property, please register at properties.svn.com/1008975-sale or contact the listing brokers directly.

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The former citrus grove is located on Oslo Road just 1.5 miles west of I-95. The location is well-positioned to benefit from the $85M interchange currently under construction. The property is zoned A-2 allowing one housing unit per ten acres as well as an assortment of agriculturally related uses. The location is well suited for a landscaper, nursery, or other agricultural-type contractor serving the Treasure Coast area. The property is a former citrus grove with no wetlands identified in the National Wetland Inventory. To the west of the property is a 10,000-acre location owned by Florida Power and Light. 

Oslo Road Frontage
Great Investment Potential
Easy Access to Planned I-95 Interchange

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Shadow Hideaway is a former citrus grove that has been cleared and fenced for cattle. Located at the corner of 90th ave and 4th street at I-95, the property holds good investment potential. The site has an agricultural exemption and is located in the Indian River Farms Drainage District keeping taxes very reasonable. This property has potential for a landscape company, nursery, or similar operation that requires acreage with a convenient location and good exposure.

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Section 21 is a total of 614.44 acres and one of many properties in a larger agricultural portfolio. The property is currently growing a sorghum cover crop and approximately 535 acres are net farmable acres. To irrigate the crops, the property is equipped with a traveling Linear Irrigation and two 8 inch wells. The primary water source for irrigation comes from the St. Johns River Water Management District. The property is cleared and leveled with a 1,400 SF barn to hold farming equipment. Paved road access to the north end of the property is located along 154th Ave and provides easy access. Potential income streams from leasing & operation of farmland. Located in Indian River County, near Vero Beach, Florida, this property shows potential income streams from the leasing and operation of farmland.

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Marsh Ranch  Rangeland Reserve is located in Vero Beach and is encumbered by a Wetland Reserve Program Conservation Easement. This restrictive easement permanently limits drainage and prohibits the construction of any permanent structures on the property. Agricultural uses are limited to cattle and potentially hay production as well as most recreational uses. The property is a former citrus grove that is cleared and fenced for cattle. The listing has been split into two parcels of approximately 354 acres on the west side and 386 acres on the east. The property is 3 miles west of the intersection of SR 60 and I-95.

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The Quail Ridge property is located adjacent to the exclusive Quail Valley Golf Club in the unincorporated area of north Indian River County. The property shares a border of over a mile with the golf club, offering beautiful views of the rolling hills.

With a zoning of A-1 and a Future Land Use of Ag-1, there is potential for a maximum density of one unit per five acres. The land has been mostly cleared of trees, leveled, and lakes built as an amenity for development.
Located east of I-95 and 3.5 miles northwest of Vero Beach in Indian River County, it is on 69th Street with approximately 1,350 feet of frontage.

The propertys area is undergoing a transition, and Quail Ridge is sitting in the middle of that transition. There are primarily several large ranches, former and active citrus groves, and sand mines to the north and south. To the east of the property, from the urban service line to what would be 74th ave, has developed mainly as rural ranchettes and is starting to grow.

Winter Beach Road, a paved east-west road in the countys north, provides direct access to US 1. The property was previously planned for an exclusive community of 40 Lakefront estate homesites with panoramic views of the neighboring golf club. Indian River County is primarily a retirement community located on Floridas Treasure Coast with 139,000 residents. Surrounding businesses and employers include the Indian River Memorial Hospital, citrus industry, county government, and Piper Aircraft. Quail Ridge is 202 acres ready to develop a residential property suitable to develop a residential community in a growing area.

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Indian River County, FL Plat Map and Land Analysis | Acres

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    Discover Indian River County, Florida plat maps and property boundaries. 
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