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$2,049,000 -$51,000 (-2.43%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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Excellent investment opportunity on South Hutchinson Island! This well-located five-plex at 1240 Carlton Court features five one-bedroom, one-bath residences with approximately 4,400 square feet of total living area and storage space on a spacious 0.34-acre lot. Built in 1981, the property offers strong income-producing potential in one of Fort Pierce's most desirable rental areas. Residents enjoy convenient access to beautiful beaches, the Indian River Lagoon, restaurants, shopping, marinas and nearby downtown Fort Pierce. An outstanding opportunity for investors seeking multiple rental units, long-term appreciation and an island location with year-round tenant appeal. Buyer to verify all measurements, unit details and financial information.

Full Property Details for 1240 Carlton Ct

General

  • Price: $2,049,000
  • Taxes: $16,729 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Regional
  • MLS ID: B26056972
  • Updated: 9/11/2026
  • Added to Site: 47 day(s) ago

Business

  • Business Type: Rental

Interior

  • Flooring: Laminate, Tile, Wood

Additional Information

  • Shared Amenities: Beach Access
  • Security/Safety: None

Parking

  • Total Spaces: 8
  • Parking Features: Assigned, Guest

Location

  • County: St Lucie
  • Building Name: 1240
  • Driving Directions: Seaway Drive east to Carlton Ct. turn right property is on your left
  • Dist. to Freeway: 7

Community

  • Community Name: 7010

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Individual

Utilities

  • Sewer: Public Sewer
  • Water: Multiple Meters, Public
  • Utility Description: Electricity Connected, Sewer Connected, Water Connected
  • # Water Meters: 5
  • # Electric Meters: 5

Structural Information

  • # Buildings: 1
  • Construction: Concrete, Stucco
  • Roof: Concrete, Tile
  • Stories/Levels: 1
  • Building Size: 4400
  • Aprox. Leasable: 4,400 Sq. Ft.
  • Year Built: 1981
  • Property Condition: Resale, Updated/Remodeled
  • Other Struct. Feat.: Exterior Lighting, Storage

Lot Features

  • Lot Size (Acres): 0.34
  • Frontage: City Street, Asphalt
  • Road Maintenance: Public Maintained Road
  • Lot Features: Business Park, City Lot, Industrial Park, Landscaped, Residential Lot, 1/4 to 1/2 Acre Lot, Subdivision
  • Zoning: HI Medium

Financial Considerations

  • Assessment Amount: $638,493
  • Tax Amount: $16,729
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Minor Interior Maintenance, Sewer, Trash Collection, Water

Disclosures and Reports

  • Special Conditions: Standard, Listed As-Is
  • Documents Avail.: Financials, Ground Photo
  • Legal Description: REVISED PLAT OF BLKS 17, 21 AND 22 FT PIERCE BEACH S/D BLK 21 LOTS 18 AND 19
  • Disclosures/Rstr.: Flood Plain Disclosure
  • Property ID: 240160100261001

Listed by Southern Castles

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— 1240 Carlton Ct —

  • Southern Castles

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1240 Carlton Ct

School District:St. Lucie County School District
NameGradesDistance
St. Lucie Elementary School
2020 South 13th Street, Fort Pierce, FL 34950
PK-53.4 mi
Chester A. Moore Elementary School
827 North 29th Street, Fort Pierce, FL 34947
PK-53.4 mi
Lawnwood Elementary School
1900 South 23rd Street, Fort Pierce, FL 34950
PK-53.8 mi
Dan Mccarty School
1201 Mississippi Avenue, Fort Pierce, FL 34950
6-83.1 mi
Forest Grove Middle School
3201 South 25th Street, Fort Pierce, FL 34981
6-85.2 mi
Fort Pierce Westwood High School
1801 Panther Lane, Fort Pierce, FL 34947
9-124.7 mi
Weatherbee Elementary School
800 East Weatherbee Road, Fort Pierce, FL 34982
PK-55.8 mi
White City Elementary School
905 West 2nd Street, Fort Pierce, FL 34982
PK-56.9 mi
Lakewood Park Elementary School
7800 Indrio Road, Fort Pierce, FL 34951
PK-57.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1240 Carlton Ct Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/11/2026
Price Reduced
$2,049,000
-2.43%
MLS
7/27/2026
Listed
$2,100,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Southern Castles

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1240 Carlton Court, Fort Pierce, FL (MLS# B26056972) is a Commercial Multi-Family property. 1240 Carlton Court is currently listed for $2,049,000 and was received on July 27, 2026. Want to learn more about 1240 Carlton Court? Do you have questions about finding other Commercial Multi-Family real estate for sale in Fort Pierce? You can browse all Fort Pierce real estate or contact a Coldwell Banker agent to request more information.

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