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$370,000
1085752 MLS
This acreage has many beautiful trees and several possible uses. We are attaching some suggestions for development that we hope will give you and idea of what might be done with this property. Also, the adjacent property MLS 1085657 is being offered at $595000.00 and has approximately 15.38 acres. The zoning and Land use is designated L-2 being medium density residential up to 8 units per acre for the two parcels. An Environmental Assessment has been done by Toland Environmental Consulting dated July 15, 2025 is available for one's review. Utilities to the site include water, sewer, telephone and electricity. Onsight improvements would be development. of infrastructure and residential units.There are no known off site improvements required that will negatively impact the site. The location is great. close to the River, shopping and restaurants. Just a five minute drive across the causeway to beautiful beaches. Click on documents for illustrations of uses for both properties

4790 W 87th Street, Sebastian

$595,000
1085657 MLS
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., 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. MLS # 1085752. Approx. 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 two sites 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 of infrastructure and residential units.

87th Street, Sebastian

$750,000
1070357 MLS
Rare Indian River Drive Opportunity - Prime Development Potential! An exceptional opportunity awaits along prestigious North Indian River Drive in Sebastian. This expansive parcel offers stunning presence and endless possibilities for a luxury estate, private compound, or potential development opportunity. With generous lot dimensions and valuable road frontage, the property presents flexibility for those seeking to build a custom luxury residence, create a multi-generational retreat, or explore development options, and only minutes from Sebastian's waterfront dining, marinas, parks, and vibrant community amenities. Opportunities along Indian River Drive are limited and increasingly rare -- especially parcels offering both location and scale. Whether you envision a private waterfront sanctuary or your next strategic investment, this property delivers location, lifestyle, and legacy living.

13595 N Indian River Drive, Sebastian