Land for Sale in Sebastian, Florida
4790 87th St W, Sebastian, FL 32958
This lovely acreage would make a wonderful estate for someone looking to build a beautiful home and have additional acreage that could be sold or developed.,or just have a family compound.. The 510 Wabasso Causeway offers boat ramps, picnic areas, restrooms and is walkable from the property. There is also an additional parcel of land which is approximately 8.56 acres parcel #31-39-28-00000-0040-00002/0 under the name of Caledonia Groves For $370,000. The mls program would not allow me to list the two under one listing so 23.94 acres. in total of which about 14+ acres are buildable The zoning and Land Use is designated L-2, being medium density residential up to 6 units per acre. The site could possibly be developed with a maximum of 142 residential units. An environmental assessment by Toland Environmental Consulting dated July 15, 2025 is available for one's review. Utilities to the site include water, sewer, telephone and electricity. Onsite improvements would be development
Location
- Street address
- 4790 87th St W
- County
- Indian River County
- Zip code
- 32958
- Community
- Indian River
- Elevation
- 3 feet
Directions
From US 1 either north or south head east on 510, take left onto 87th, sign on property
Property details
- Acreage
- 15.38 acres
- MLS #
- SCAOR 1085657
- Posted
Property taxes
- 2025
- $557
Parcels
- 31392700003002000001.0
Legal description
''''''NARANJA TRACT NARANJA TRACT TRACT 2 OF GOV LOT 3, N OF WABASSO BRIDGE RD, LESS N 20 FT A/K/A PARCEL NO 1, EXHIBIT A AS DESC IN OR BK391 PP 477''''''
Details and features
Listing
- Type
- Land
- Conditions
- In Foreclosure, Real Estate Owned
Lot
- Features
- Many Trees, Wetlands, Wooded
Structure
- Water
- Public
- Sewer
- Public Sewer
Property utilities
| Category | Type | Status |
|---|---|---|
| Water | Public | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 21, 2026 | New listing | $595,000 | — | SCAOR |