$595,000
Sebastian, FL 32958
MLS# 1085657
1 / 6
Property Description
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
Details
Maps
Location, Tax, and Legal
Tax Account: 2850436
Parcel Number: 31392700003002000001.0
General County Location: North
Elementary School: Other
Middle School: Other
High School: Other
Tax Annual Amount: 557.09
Tax Year: 2025
Tax 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''''''
Directions: From US 1 either north or south head
east on 510, take left onto 87th, sign
on property
General Property Information
Lot Size Acres: 15.38
Lot Size Square Feet: 669953
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
CDD Fee YN: No
List Price/Acre: 38686.61
Remarks and Miscellaneous
Public Remarks: 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
Current Use
Unimproved: 1
Listing Terms
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Many Trees: 1
Wetlands: 1
Wooded: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Unimproved: 1
Road Surface Type
Dirt: 1
Paved: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Real Estate Owned: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
View
Trees/Woods: 1
Water Source
Public: 1
Development Status
Raw Land: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $595,000
Original List Price: 595000
List Price: $595,000
Status: Active
Listing Contract Date: 2026-08-21
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 4790
Street Name: 87th
Street Suffix: Street
Street Direction Suffix: W
County: Indian River
State: FL
Postal Code: 32958
MLS Area Major: 904 - Indian River
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-08-21T18:26:32Z
Major Change Type: New Listing
Status Change Timestamp: 2026-08-21
Property Features
Current Use: Unimproved
Development Status: Raw Land
Listing Terms: Owner May Carry; Private Financing Available
Lot Features: Many Trees; Wetlands; Wooded
Possession: Close Of Escrow
Road Frontage Type: Unimproved
Road Surface Type: Dirt; Paved
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Owner Licensed RE; Real Estate Owned
Utilities: Electricity Available; Sewer Available; Water Available
View: Trees/Woods
Water Source: Public
Listing Office: Suncoast Realty, Inc.
Last Updated: August - 21 - 2026
Information is deemed to be reliable, but is not guaranteed.