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13395 N Indian River Dr

2,844 SF Specialty Building Offered at $1,400,000 in Sebastian, FL 32958

Investment Highlights

  • Waterfront Views of Indian River
  • Only a Mile Away from Local Attractions

Executive Summary

DEVELOPER ALERT! 8 Lots on 1.34 Acres of prime real estate across the street from the picturesque Sebastian Riverfront. Electric, water, sewer, and cable already setup for all 8 lots.
Embrace the opportunity to craft your ideal retreat with breathtaking waterfront vistas or explore the potential for development with up to 8 single family residences, tiny homes, etc.
Alternatively, capitalize on the current mobile home park/RV lodge setup, offering effortless income generation.
As you journey along the private, palm-lined paved road, you'll be immersed in lush landscaping and greeted by a vibrant community of osprey, white pelicans, and other tropical birds.
This versatile property, zoned for both residential and commercial use (RM-6), currently features 8 rentable lots complete with essential utilities such as electricity, water, sewer, and cable connections.
The height restriction for each unit built on the property is 28 feet high. Each lot is 48 feet wide. Up to 8 units can be on the property - RVs, Mobile Homes, Single Family Homes, Duplexes (4), and even Tiny Homes Just no multi-family buildings.
There are 4 septic tanks on the property - 2 lots per tank. The tanks have been maintained. There is a well that provides drinkable water to the entire property.
Unlock the vast income potential through further property development, including the option for subdivision.
Situated in the heart of the Treasure Coast, mere steps from the Indian River, indulge in the daily spectacle of dolphins dancing at sunrise.
Just a mile south lies the renowned Capt Hirams Resort, offering delectable dining, live entertainment, and an array of leisure activities. Venture less than two miles to Sebastian's Riverview Park, a vibrant hub for major events and concerts.
Here, you'll also find an array of amenities including a Splash Pad, Veterans War Memorial, sand volleyball courts, and scenic walkways tracing the Riverfront District.
Join the ranks of over 7,000 annual tourists drawn to this captivating locale by its proximity to Sebastian Inlet, one of Florida's 60 coastal inlets.
Bordering the inlet on both sides, Sebastian Inlet State Park attracts between 750,000 to one million visitors annually, underscoring the region's irresistible allure. Seize the opportunity to own this rare gem boasting 1.34 acres of enchanting Indian River views.
Embrace the undeniable appeal of the Treasure Coast and embark on your next chapter surrounded by natural splendor and limitless potential.
Call/Text listing agent Christie Di Lemme, Florida Homes Realty & Mortgage, at (561) 644-0578 for more information.
Here are the links to the property...
Ground level walkthrough that I did a couple days ago...
https://youtu.be/-uE8OsZAvSU?si=lfSWFHUeXrIF4j0H
There is no river access from the property. The local marinas are 1 to 2 miles south of the property.
These are the townhomes being built and sold individually for over 1M just .20 of a mile South of the property...
https://www.realtor.com/realestateandhomes-detail/13225-N-Indian-River-Dr_Sebastian_FL_32958_M59355-92094
Here's the info on the Sebastian Riverfront area...
https://www.cityofsebastian.org/Facilities/Facility/Details/Riverview-Park-16
The current owner simply no longer has an interest in running the property and wants to retire.
Feel free to give me a Call/Text at (561) 644-0578 with any questions or to discuss further. It's truly a beautiful property.
Christie Di Lemme
Florida Homes Realty & Mortgage
*Please Do Not Disturb Owner or Tenants.

Property Facts

Price $1,400,000
Price Per SF $492
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Specialty
Property Subtype Trailer/Camper Park
Lot Size 1.34 AC
Building Size 2,844 SF
No. Stories 1
Year Built 1999

Amenities

  • Waterfront

zoning

Zoning Code RM-6 (Multiple-Family Residential District (up to 6 units/acre))
RM-6 (Multiple-Family Residential District (up to 6 units/acre))
  • Listing ID: 31877236

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 13395 N Indian River Dr, Sebastian, FL 32958

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