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E X C E P T I O N A L I N V E S T M E N T O P P O R T U N I T YBlueGate Partners, LLC, and its affiliates, (collectively “BlueGate”) has been retained on an exclusive basis by the owner (the “Owner”)to arrange the sale of the Owner’s fee simple interest in Hobe Sound Polo Club which is located on the north side of Bridge Road, ap-proximately one-half mile east of Interstate 95 (“I-95” exit 96), west of Hobe Sound in Unincorporated MartinCounty, Florida (The “Property” or the “Site”). The Property is a planned 50-unit, 20-acre home lot equestriancommunity totaling approximately 1,757 acres. The Site is zoned Agricultural-1 (“A-1”) with the prevailingland use of Agricultural (“AG”) by Martin County. The AG designation is used for agricultural endeavorsand other allowable uses including single-family home developments with a maximum density of one unitper 20 acres. The northernmost 74 acres allows for a maximum density of up to two units per acre.
Exclusively Offered By
HOBE SOUND, MARTIN COUNTY, FLORIDA
IINVESTMENT HIGHLIGHTS
STRATEGIC LOCATION IN MARTIN COUNTY – The Property is situated on the north side of Bridge Road (County Road 708) approximately one-
half mile east of Interstate 95 (“I-95” exit 96) and approximately one-mile east of Florida’s Turnpike, west of Hobe Sound in Unincorporated Martin
County, Florida. The Property is in close proximity to a number of amenities in greater Martin County including the Atlantic Ocean, the Intracoastal Wa-
terway, St. Lucie Inlet and Jupiter Island.
IN-PLACE INFRASTRUCTURE AND AMENITIES – As part of the initial development of the Hobe Sound Polo Club, the Property’s previous
owner completed a number of infrastructure and amenity improvements including a gated entranceway, Bridge Road improvements, interior
roadways, updated drainage and irrigation systems, polo fields and training tracks, and a barn and residence.
HOBE – ST. LUCIE CONSERVANCY DISTRICT – The Property is part of the Hobe – St. Lucie Conservancy District (the “HSLCD”). The HSLCD
has the power to construct, operate and maintain canals, ditches, drains, levees and other works for roads, water plants, sewer systems, sewer col-
lection and disposal of waste, passive parks and recreational facilities, conservation areas, mitigation areas and sanctuaries for the storage of water
for water control and irrigation purposes. The HSLCD has the authority to issue general obligation, revenue and special assessment bonds in any
combination to pay all or part of the cost of infrastructure improvements authorized under the Act.
FLORIDA'STURNPIKE
95
SE BRIDGE ROAD
APPROXIMATE PROPERTY BOUNDARY
POLO FIELDS1-4
SOUTHERNSTABLES
SALES OFFICEPOLO FIELDS
5-6
LARGE COMMUNITY LAND SALES CONTINUE UPWARD TREND – Since February 2010,there have been six major land sales in Florida that are comparable to the Property. The sales included9,924 acres, over 4,000 approved units and a total value of over $221 million, or a weighted averageof $22,282 per acre.
STRONG INCOMES IN LOCAL AREA – Average household income within the 10-mile radius is
$74,504, which is 24.2 and 9.9 percent above the State ($59,964) and County ($67,762), re-
spectively. The average income of nearby Jupiter Island is $121,341, which ranks it as the second
highest area in Florida behind only Fisher Island in nearby Miami.
IMPRESSIVE MSA DEMOGRAPHIC GROWTH – The Port St. Lucie-Martin-Indian River MSA’s pop-
ulation growth over the past 10 years is the 2nd strongest among the Top 15 Florida MSA’s at 36.0
percent. The lack of approved development land in the Property’s immediate area and in South Florida
will allow projects like the Property to benefit from these trends before new projects come online.
STRATEGICALLY LOCATED WITHIN DEVELOPING BIOTECH CORRIDOR – Recently, the
Biotech industry has begun to take hold in Florida and the Treasure Coast. This includes the development
of the Torrey Pines Institute for Molecular Studies at Tradition in Port St. Lucie, Florida and the Scripps
and Max Plank Institute in Jupiter. Together the biotech industries in close proximity to the Property are
projected to generate over 40,000 jobs and over $4 billion in annual revenue.
FLORIDA'STURNPIKE
95
1,757 ACRES
STATE OF FLORIDAOWNED LAND
NORTHERNSTABLES
STATE OF FLORIDAOWNED LAND
714
A1A
A1A
723 707
1
76
76
706
714
722
711
711
76
708
76
A1A
A1A
95
95
1
1
726
707
Exit102
Exit133
Exit101
Exit110
Exit96
AtlanticOcean
ExitExit
48th
Ave
.
Martin Grand Highway
Salerno Rd.
Indian St.
Dixie Hwy.
Cove Rd.
Col
orad
o Av
e.
Martin Downs Blvd.
Ocean Blvd.
Be
Prat
t-Whit
ney R
d.
Bridge Rd.
Indiantown Rd.
Kanner Highway
Florida’s Turnpike
FLORIDA'STURNPIKE
Miles
0 1 2
Hobe SoundGolf Club
North River Shores
M a r t i nC o u n t y
S t . L u c i eC o u n t y
To Orlando
MartinDowns
CC
CobblestoneCC
Pine LakesGC
Carol Gardens
Palm City
Seminole Shores
StuartPort
Salerno
JupiterIsland
Golden Gate
St. Lucie InletPreserve
State Park
Hobe SoundNationalWildlifeRefuge
Golf Clubat
Lost Lake
HammockCreekGolf &
Country Club
McArthurGolf Club
Gomez
HOBE SOUND
MartinCountyAirport
St. Lucie Inlet
Florida Clubat MartinCounty
BallyhooGolf Club
Arundel
JonathanDickinsonState Park
St. Lucie Canal
P a l m B e a c h C o u n t y
Exit 70ABExit
77
Exit 79AB
Exit 99
Exit 93
Exit 75
Exit 86Exit 81
Exit 67 Exit 34
Exit 12
Exit 1
Exit 7
Exit31
Exit 69
t 285
242
Exit 193
t 244
xit 80
27
41
1
27
8
192
441
441
441
98
60
528
417
66
29
82
7678
70
70
710
50
A1A
7595
95
75
80
64
1792
520
LakeKissimmee
LakeIstokpoga
Big CypressNationalPreserve
TheEverglades
Orlando
Melbourne
TitusvilleCapeCanaveral
Miami
FortLauderdale
ia
MiamiBeach
rcoand
Avon Park
d
Haines City
Kissimmee
Okeechobee
LakeWales
Satellite Beach
Cocoa Beach
w
Winter Haven
LakeOkeechobee
Florida's Turnpike
AtlanticOcean
P.G.A. Blvd.
North Miami Beach
Port St. Lucie
Port SalernoStuart
Hobe Sound
Fort Pierce
Vero Beach
MelbourneBeach
Boca Raton
DelrayBeach
BoyntonBeach
MiamiInt'l Airport
Ft. Lauderdale/Hollywood Airport
Palm BeachGardens
Coconut Creek
Riviera Beach
KendallRichmond Coral Gables
Weston
Chokoloskee
Ochopee
JeromeCopeland
Everglades City
Surfside
Hollywood
Hialeah
Pompano Beach
Hillsboro BeachLakeview
Creek
JupiterJupiter Island
Immokalee
Lehigh Acres
Sunniland
Sebring
LaBelle
St. Lucie
Valkaria
Malabar
KenansvilleGrant
Fort Drum
Denaud
Deep Lake
ples Park
MooreHaven
Venus
PlacidLakes
Citrus Center
re
Springs
Lakeport
BuckheadRidge
TaylorCreek
BryantPahokee
Indiantown
Arthur R.Marshall
LoxahatcheeN.W.R.
North Palm Beach
South Palm Beach
Palm BeachInt'l Airport
Singer Island
West PalmBeach
Palm Beach
Green Acres
Loxahatchee
WALTDISNEYWORLD
ClewistonLake
Harbor BelleGlade
MartinCounty
ACTIVE LARGE RESIDENTIAL LAND SALES MARKET IN MARTIN COUNTY –Residential land sales greater than two acres have been steadily increasing since 2010.With 61 sales through August 2013, sales have already equaled total sales in 2010.Average price per acre and average price per sf of land have shown a steady increaseto nearly $288,000 and $6.61 sf through August 2013.
POTENTIAL AGRICULTURAL USE – The Property was formerly a citrus farm oper-ation and the current Owner has an agricultural lease for a cattle operation on theProperty. Investors would have the ability to return the whole Property or a portionthereof to its former use as a more intensive agricultural operation including but notlimited to row crop, tree farm or nursery production.
STRONG EMPLOYMENT GROWTH AND IMPROVING LOCAL ECONOMY –The County’s unemployment rate of 9.5 percent as of July 2013 is nearly 17 percentlower than the July 2012 level (11.4 percent) and approximately 32.1 percent lowerthan the peak unemployment rate of 14.0 percent in August 2010.
UNIQUE QUALITY OF LIFE – Martin County is known for its natural beauty, small-town charm, miles of untouched beaches and beautiful wetlands with natural inhabitants.The County boasts extensive amenities such as golf courses, tennis clubs, polo clubs,pools and other recreational activities offering a diverse style of living with close prox-imity to Palm Beach County to the immediate south.
FOR MORE INFORMATION
ERIC M. BYLIN, MANAGING PARTNER CRAIG J. CALLAWAY, SENIOR VICE [email protected] • 561.655.1742 [email protected] • 561.655.1748
420 Royal Palm Way, Suite 310, Palm Beach, FL 33480 • Tel: 561.655.1743 • Fax: 561.655.1745
BlueGate and the Owner make no warranty or representation, expressed or implied, to the accuracy of the information contained herein. The information has been submitted in good faith subject to the possibility oferrors and omissions; change of price, rental information or other related Property information; or, withdrawal without notice. Investors should rely solely on their own independent analysis, due diligence and verificationof Property information. Prospective Investors agree that BlueGate and the Owner shall have no liability to the Investor or Investor’s representatives or agents resulting from the use of the information contained hereinor distributed by BlueGate and the Owner in the future.
HOBE SOUND POLO CLUB
JUPITER ISLAND & INTRACOASTAL