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
The multiple-family districts are established to implement the policies of the Indian River County Comprehensive Plan for mFSingle-familanaging land designated for residential uses, providing opportunities for multifamily residential units and ensuring adequate public facilities to meet the needs of residents. These districts are also intended to implement the county's housing policies by providing opportunities for a varied and diverse housing supply.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Nov 29, 2006 • Final
Various trades residential
Demolish a residential building located behind a barn.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 21 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Sebastian, FL • 32958
Average low and high temperatures (°F)
70
52
75
57
80
63
82
68
88
74
91
75
92
76
92
76
89
76
84
73
79
63
75
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Sebastian. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4790 W 87th St
$352,687
$17K under list price of $370K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $330K to $510K.