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Alyssa Marquez

alyssa@emeraldgroupreinvest.com +1(726) 260-6770

$ 2,325,000

Est. payment | -/mo

7.63 Acres Lot

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$ 2,325,000

Est. payment | -/mo

Save Virtual Tour

7.63 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID B26089527

HOA Y/N No

Annual Tax Amount $26,076

Tax Year 2025

Lot Size 7.630 Acres

Acres 7.63

Property Sub-Type Unimproved Land

Property Description

Site plan approved 59-unit multifamily site on ±7.63 acres along Indian River Blvd in the heart of Vero Beach's affluent coastal and medical corridor, steps from Cleveland Clinic and about a mile from the Barber Bridge to the beaches. Approved for 59 two-bedroom, two-bath homes (±1,125 SF) in three 3-story buildings with open-air breezeways, pool and clubhouse, 24 garage bays and 3.27 acres of preserved land. RM-8 zoning, Land Trust drainage easement executed, plans available. Ideal for smaller developers, family offices and investors. All reasonable offers considered. Rare chance to build and hold a quality rental community in central Vero Beach. The Indian River Blvd corridor has more than 750 units committed nearby, with new luxury townhomes renting up to $5,899 per month. Indian River County is projected to reach about 193,000 residents by 2035, and new airline service from Breeze, JetBlue and American has expanded access to Vero Beach Regional Airport. Multifamily permitting has slowed since 2023, which limits new supply. Approved site plan, building elevations, floor plans, engineering and survey are available. Remaining steps include the SJRWMD permit resubmittal; site plan approval has been extended under statutory tolling.

Location

State FL

County Indian River

Community Street Lights

Area 6321 - City Of Vero Beach (Ir)

Zoning RM-8

Direction Southwest

Rooms

Other Rooms None

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Fence None

Community Features Street Lights

Utilities Available Electricity Available, None, Sewer Available, Water Available

View Y/N Yes

Water Access Desc Public

View Lake, Pond, Preserve, Water

Present Use Development,Investment,Multi-Family,Unimproved

Street Surface Paved

Building

Lot Description 5-10 Acres, City Lot, Flood Zone, Irregular Lot, Oversized Lot, Residential Lot

Faces Southwest

Sewer Public Sewer

Water Public

Additional Building None

Schools

Elementary Schools Beachland

Middle Schools Gifford

High Schools Vero Beach

Others

Tax ID 323925000007000000021

Acceptable Financing Cash, Conventional, 1031 Exchange

Membership Fee Required false

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/3780-INDIAN-RIVER-Boulevard-Vero-Beach-FL-32960/unbranded

Listed by Brad Kuskin Compass Florida LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(726) 260-6770

alyssa@emeraldgroupreinvest.com

4204 Gardendale St, San Antonio, TX 78229

3780 INDIAN RIVER BLVD Vero Beach, FL 32960